News Topics
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February 9, 2022
Daniel Benson appointed as new Editor-In-Chief of VeloNews
VeloNews, a leader in cycling news, race results and bike reviews, and owned by Outside Interactive, has confirmed the appointment of Daniel Benson as the media title’s new Editor-In-Chief. In his new role, Benson will be responsible for running the global editorial team, commissioning content, enhancing WorldTour coverage, and expanding...
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February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
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February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...
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February 9, 2022
Peloton CEO Barry McCarthy’s first all-hands meeting ends early as laid-off employees crash it
Peloton held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy. Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting. CNBC
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February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
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February 8, 2022
Kara Goucher diagnosed with neurological disorder
The running community was shocked on Tuesday when Kara Goucher, one of America’s most accomplished distance runners, announced that she will no longer be able to participate in the sport she loves. The two-time Olympian explained in an Instagram post that she had been diagnosed with repetitive exercise dystonia and that if...
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February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
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February 5, 2022
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid
Peloton Interactive Inc (PTON.O) has drawn interest from potential buyers including e-commerce giant Amazon.com Inc , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist...
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February 3, 2022
Withings Acquires 8fit
Withings announced the acquisition of 8fit, the health, fitness and wellness app. Available in six languages, its offerings include workouts, customized meal plans and self-care to users. This news follows last month’s announcement of Withings’ acquisition of Impeto Medical, a specialist in R&D, manufacturing, and distribution of medical devices for...
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February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
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February 3, 2022
Skechers Just Had Its Best Year Yet, Thanks to DTC Sales and a Strong Supply Chain
The fast-growing comfort focused footwear brand managed to break four quarterly sales records throughout the year and set a new record for full year sales in 2021 at $6.29 billion. In the fourth quarter, Skechers unveiled sales of $1.65 billion, marking a year over year increase of 24.4%. Net earnings...
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February 3, 2022
ASICS Ventures Invests In RUN. EDGE. Limited, A Provider Of Video Search And Real-Time Analytics Services In Sports And Enterprise Field
RUN. EDGE is a startup company, which was carved out of Fujitsu Limited in June 2018. With the mission of "Creating new experiences through video and technology”, RUN. EDGE provides video search and real-time analysis platforms in the sports and enterprise fields including education. ASICS
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February 3, 2022
Peloton’s Bikes Spur Effort by NordicTrack Maker to Bar Imports
NordicTrack maker iFit Health & Fitness Inc. filed a U.S. trade complaint seeking to block imports of Peloton Interactive Inc.’s stationary bikes, escalating a dispute over home-fitness equipment and adding to Peloton’s woes. Bloomberg
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February 2, 2022
Walmart named title sponsor of 2022 Joe Martin Stage Race
The northwest Arkansas Joe Martin Stage Race celebrates its 45th anniversary and is on the calendar for May 19-22. Walmart has signed on as title sponsor for the 2022 edition. VeloNews
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February 2, 2022
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China. SGB Media
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February 1, 2022
NYT reports Alberto Salazar’s lifetime Safe Sport ban is for sexual assault
In July 2021, former Nike Oregon Project head coach Alberto Salazar, who had been banned from coaching in 2019 for doping violations, received a permanent, lifetime coaching ban from the U.S. Center for SafeSport for sexual misconduct, and his attempt to appeal the decision was denied. It was previously understood...
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February 1, 2022
The craziest active streaks in running
On Jan. 29, New Zealand’s Nick Willis ran another sub-4 minute mile at the NYC Millrose Games for the 20th consecutive year. This achievement is something only a few runners have come close to, which has sparked us to find the craziest active running streaks. Canadian Running
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February 1, 2022
[Infographic] 53% of journalists plan on covering more in-person events in 2022
So, as part of our State of Journalism survey, we asked journalists how they plan to cover in-person and virtual events in 2022. Today, we’re giving PR pros a sneak peek of the results to better understand the events journalists are prioritizing—and help you plan a slightly more precedented year (fingers...
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January 31, 2022
Cowboy Raises $80m to Further Accelerate the Adoption of Cycling
This new capital injection, bringing the total raised by Cowboy to $120 million, follows the launch of the Cowboy 4 in May 2021 which garnered record sales, a successful expansion into the Nordics and the U.S., and the recent introduction of Cowboy Care — an industry first, all-inclusive, on-demand repair...
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January 31, 2022
Peloton internal docs show it slashed 2022 sales goals for apparel unit after segment revenue more than doubled last year
Peloton has slashed 2022 sales projections for its apparel business, according to internal documents obtained by CNBC. Momentum in the unit, which is run by Chief Executive John Foley’s wife, seems to be fading heading into the next year, after apparel revenue more than doubled to over $100 million from 2020 to 2021. CNBC
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January 31, 2022
Eating disorders and professional cycling: the thin end of the wedge
Former Slovenian pro Janez ‘Jani’ Brajkovič raced in the Tour de France, the Vuelta and the Giro, but in private he was battling a series of harrowing eating disorders. As a bulimic, Brajkovič would routinely make himself sick after eating. But Brajkovič is not alone: a recent study in the...
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January 28, 2022
In 2020, the Running Industry Promised Inclusivity. We Still Have Work to Do.
A big frustration in current social justice movement has been seeing how quickly people move on once a topic was no longer trending—as if posting a black square and hashtagging a run with #IRunWithMaud had solved racism. Statistics show that support for the Black Lives Matter movement among white Americans...
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January 28, 2022
Here’s How Much Olympic Athletes Can Earn for Winning Medals, Sponsorship and More
More than half of U.S. Olympic hopefuls, or 59%, reported making less than $25,000 during the year of their respective Olympics, according to a COVID-19 impact survey distributed to 4,400 athletes by the United States Olympic & Paralympic Committee (USOPC). A total of 643 Olympic athletes and 94 Paralympic athletes...
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January 28, 2022
Canyon Bicycle Appoints CEO
Canyon Bicycle appointed former Nike executive Nicolas De Ros Wallace as its new CEO. De Ros Wallace is a veteran of international management, e-commerce and sales development for sports and fashion brands. SGB Media
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January 27, 2022
Emerald Releases First B2B Events Research Report
Emerald Holding released its first annual research report reflecting the changing expectations influencing and shaping the future of the business-to-business (B2B) events industry. Developed by the company’s content strategy and marketing agency Content4Demand, G3 Communications, “B2B Event Industry Outlook Report 2022, Charting Success Amid Evolving Expectations” surveyed more than 1,000...