News Topics
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December 22, 2020
24 Hour Fitness Sees Bankruptcy Emergence By Year End
The U.S. Bankruptcy Court for the District of Delaware late Tuesday confirmed the reorganization Plan for 24 Hour Fitness, reducing approximately $1.2 billion of funded debt and expects to emerge from Chapter 11 by December 31, 2020. SGB Media
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December 22, 2020
They Went Out for a Bike Ride. They Never Came Home.
In 2020, Outside tracked every cyclist who was killed by a driver. And as the end of the year nears, the death toll is at 675 - mothers, fathers, sons, daughters, friends, husbands, wives, coworkers - who were riding for fitness, for fun, for transportation, but none of them returned...
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December 21, 2020
2020 Tour De France Winners Could be First Vaccinated in Sports
The 2020 Tour De France champion UAE Team Emirates will likely be the first major professional sports organization in the world to receive COVID-19 vaccines. The team’s cyclists and support staff — about 100 people — are considered relatively “high priority” due to the value Emirati authorities place on the...
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December 21, 2020
Peloton shares soar after company announces $420 million deal for fitness equipment maker Precor
Peloton shares soared Monday after the company announced it plans to acquire the exercise equipment manufacturer Precor for $420 million, with its stocks jumping more than 6% in after-hours trading. CNBC
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December 20, 2020
Writer and adventurer Roy Wallack dies after mountain biking accident
Wallack, a longtime contributor focusing on fitness and the outdoors to the Los Angeles Times, was an avid hiker, runner and cyclist who completed extreme challenges. Wallack was biking with friends on the Guadalasca Trail, when he crashed while riding down a steep trail and hit his head on a...
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December 19, 2020
Yahoo Finance Digital sales and China emerged as the twin pillars lifting Nike’s Q2 earnings
The sportswear giants’ Q2 revenue came in at $11.2 billion vs. $10.55 billion expected and $10.33 billion year over year. Earnings per share came in at 78 cents vs. 62 cents expected and 70 cents year over year. Digital sales and China emerged as the twin pillars lifting Nike’s Q2...
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December 18, 2020
DUI charges filed against box truck driver who killed five cyclists
The Clark County District Attorney’s office filed a criminal complaint against Jordan Barson for operating a vehicle with methamphetamine in his system when he drove off the road and onto the shoulder where he struck five cyclists, and resulting in substantial bodily harm to one other. VeloNews
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December 18, 2020
Dick’s SG Partners For Same-Day Delivery
Dick’s Sporting Good and Instacart announced that the companies have partnered to launch same-day delivery from more than 150 stores to provide another safe and convenient shopping option for its customers during the holidays and beyond. Stores impacted include Dick’s locations in Connecticut, Delaware, Georgia, Maryland, New Jersey, New York,...
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December 17, 2020
Will We See an American Record Fall at The Marathon Project?
When COVID-19 postponed or canceled all of the year’s major marathons in the U.S., Ben Rosario, the coach of NAZ Elite in Flagstaff, and Josh Cox, an agent to many marathoners, brainstormed a way for some of the country’s fastest athletes to race. The result is The Marathon Project, an...
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December 17, 2020
Thieves nab $160,000 in bikes from Specialized headquarters
Thieves made off with museum pieces and bikes owned by employees of Specialized Bicycles last Dec. 13, with bikes valued at more than $160,000 taken from its headquarters during a daytime break-in and robbery. VeloNews
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December 17, 2020
Will the Gym Industry Embrace Apple Fitness+?
The launch of Apple Fitness+ has already been embraced by one of the largest gym chains in North America. Life Time will offer the $9.95 per month Apple Fitness+ subscription free to all its more than 1.5 million members, part of a renewed digital push by the chain that has...
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December 17, 2020
Russia gets its doping ban reduced but will miss next 2 Olympics
Russia has been banned from fielding a national team in the next two Olympics and any world championship sporting event for the next two years, a decision that reduces the length of Russia's suspension issued by the World Anti-Doping Agency last year. Individual Russian athletes who compete will not be...
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December 16, 2020
Zwift sponsors L39ION team to help drive diversity
To celebrate multi-year sponsorship, Zwift and L39ION will be hosting two social rides on December 22. Like L39ION, Zwift isn’t afraid to challenge the norm, promoting women’s cycling and offering complete gender parity for all. CyclingNews
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December 16, 2020
2020: A Year in Fitness Like No Other
The novel coronavirus crept into and transformed every aspect of our lives, including how people work out, their choice of running shoes, and bone health. NY Times
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December 16, 2020
Americans exercised more in 2020, according to Strava
Strava reviewed data from more than 73 million users in 2020 for their year-end-report and found that despite working from home, social distancing and shelter-in-place restrictions, the virtual community became stronger than ever. ESPN
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December 15, 2020
USA Cycling just overhauled its youth development system. Here’s why.
The new Olympic Development Academy system charges riders $10,500 to participate, but offers high-performance coaching and racing opportunities to a wider group of cyclists. VeloNews
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December 15, 2020
Canyon bicycles set to be acquired by Groupe Bruxelles Lambert
Canyon sought a new equity partner after its relationship with TSG Consumer Partners concluded earlier in 2020. Canyon founder Roman Arnold still however remains the largest individual shareholder in Canyon, with 40% of its shares. VeloNews
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December 14, 2020
Under Armour Sued Over Claims About Rush Workout Fabric
Under Armour Inc.’s claims about performance-enhancing technology in its UA Rush line of workout wear are allegedly fraudulent. The sports-apparel manufacturer says materials in the Rush fabric absorb energy emitted by the body and reflect it back into tissues and muscles, improving endurance and strength. Bloomberg
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December 14, 2020
Spinning creator files patent infringement lawsuit accusing Peloton of stealing its technology for their stationary bikes
Peloton Interactive has been hit with a patent infringement lawsuit from a company credited with sparking the world's indoor cycling craze over half a century ago. Daily Mail
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December 14, 2020
Why genetics is a poor predictor of athletic talent
You've probably heard people say some athletes have "the right genes" for running, but it turns out that's not very accurate. Canadian Running
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December 14, 2020
First Look: Apple’s new Fitness+ streaming workouts
Outside tests out a preview build of Fitness+, along with the numerous workout and health functions of the Series 6 Watch, which debuted in September.
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December 14, 2020
Documentary ‘The Infinite Race’ examines hard truths about the people who run Mexico’s most controversial foot race
The Infinite Race highlights the complicated relationship between the sport and an indigenous people who, for better or worse, have had their very identity enveloped in a unique manner by their mere association with running. Forbes
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December 11, 2020
Here’s When Lululemon Will Launch Its First-Ever Shoe Collection
Lululemon Athletica Inc. has confirmed the upcoming debut of its inaugural shoe line as it plans to enter the footwear market in the back half of 2021, and will begin selling in early 2022. Footwear News
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December 10, 2020
Lululemon’s Quarterly Revenue Jumps 22% as Online Sales Soar
Athleisure giant Lululemon reported $1.1 billion in net revenue for its 2020 fiscal third quarter after markets closed on Dec. 10. Quarterly revenue jumped 22% as the as an online sales surge more than compensated for a dip in company-operated store sales. Front Office Sports
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December 10, 2020
Louis Garneau Completes Financial Restructuring
The Louis Garneau Sports Group, which filed for creditor protection in Canada in March, announced a new investor to complete a reorganization and has set a brand relaunch. Its company founder, Louis Garneau, remains the majority shareholder. SGB Media
