News Topics
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November 5, 2021
Dorel reports its Sports division saw revenue decline 1% in Q3 ahead of sale to Pon
Dorel Industries reported sales of $304 million in its Dorel Sports division in its third fiscal quarter this year, a 0.6% decline over sales in the same period last year. For the Sports division, organic revenue (excluding the impact of exchange rates) was down 1.2% in the quarter. Operating profit...
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November 5, 2021
Peloton freezes hiring after it slashes its forecast and shares drop 35%
Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned. The news comes a day after after Peloton slashed its full-year outlook amid slowing momentum for its fitness products. Peloton dropped 35% on Friday, wiping off more than $9 billion off its market value....
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November 5, 2021
Fleet Feet Snaps Up JackRabbit, Sprints Ahead in Specialty Run
Fleet Feet has agreed to acquire JackRabbit from affiliates of CriticalPoint Capital. The acquisition was announced today, and Fleet Feet said via statement the transaction is expected to close in early December. The transaction, according to Fleet Feet, includes all JackRabbit brick-and-mortar locations, which spans 15 states, as well as...
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November 4, 2021
Father breaks world record for longest triathlon in undisturbed 30 hours
A dad has broken the world record for the longest triathlon in a staggering 30 hours of swimming, running, and cycling in one go without breaks. Dad of two Ian Lambert ran, swam and cycled a combined to an epic 220 miles, beating the previous Guinness World Record of 180 miles....
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November 3, 2021
Strava Appoints Lily Yang as Chief Financial Officer
ang will be responsible for overseeing the finance and legal organizations to support Strava's continued growth and business in over 195 countries worldwide. Prior to joining Strava, Lily served as Chief Accounting Officer at Pinterest, where she drove performance and profitability initiatives, partnering with key stakeholders to launch in 30...
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November 3, 2021
Tuck Bike literally reinvents the wheel w/ full size folding bike AND folding wheels!
File this under things I didn’t expect to be writing about today—a full-size folding bike that also includes folding wheels. That’s right, the new Tuck Bike has wheels (and tires) that fold up into thirds. That makes it possible to create a full-size bike that folds down into the size of...
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November 3, 2021
Cardio Before Weight Lifting May Help Boost Muscle
Riding or running before you lift weights could amplify the effects of the lifting, according to a helpful new study of the molecular impacts of combining endurance and resistance exercise in a single workout. Scientifics Reports
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November 2, 2021
Nike Trademark Hints at Metaverse Sneakers
More than one major company is going meta: Nike appears to be gearing up to offer its branded sneakers and apparel in virtual environments. The company filed a trademark application for its signature swoosh logo and “Just Do It” slogan in “downloadable virtual goods, namely, computer programs featuring footwear, clothing, headwear, eyewear, bags …...
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November 2, 2021
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter. Sales of $1.5 billion were just ahead of Wall Street’s consensus target of $1.48 billion. Adjusted earnings of 31 cents...
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November 2, 2021
Industry leaders co-sign pledge to reduce and report on climate impact
Industry leaders from some of the cycling world’s largest brands have signed a Shift Cycling Culture climate pledge to reduce and report on the impact of operations as part of a drive to bring about more sustainable business practices. Among the signatories you’ll find the CEOs of Dorel Sports, Schwalbe,...
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November 2, 2021
Does the future of US racing include jerseys with rider names and numbers?
Into the Lion's Den provided a regional-teams blueprint of what promoters say is the way forward for criterium racing. Velo News
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November 2, 2021
Peloton Takes Flight With Delta
Peloton is making its classes available outside its app or hardware for the first time through a deal with Delta Air Lines. Delta is now offering five classes that Peloton produced exclusively for the airline to assist passengers with stretching, relaxing, meditating, or falling asleep. Front Office Sports
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November 2, 2021
The Science Is In, and Hills Are Absolutely Worth the Burn
While hill repeats have been a staple on the workout rotation for runners for decades, there actually hasn’t been much academic research on the training practice until relatively recently. A slew of new research over the last few years, however, has proven that, yes, hills really are worth the burn....
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November 1, 2021
Skechers Reportedly Considering IPO of Its Asia Segment
Skechers is reportedly considering spinning off its Asia business into a public company. The sneaker and clothing maker is mulling a Hong Kong-based IPO, according to Bloomberg. The company could raise around $1.5 billion through the public offering. The move may entail buying out partners in its Asia-based business, such...
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November 1, 2021
Turns out, how far, fast and often has little to do with how likely a runner is to get hurt, suggests study
There’s a rule of thumb for the prevention of running injuries that is simple, time-tested, and – according to a new review of the evidence – wrong. The “10 per cent rule” suggests that you should avoid increasing the total time or distance you run by more than 10% from...
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October 31, 2021
From Nike to Peloton, Supply Chain Issues Unavoidable
Global supply chain issues have affected major corporations, forcing them to rethink their manufacturing strategies. Some companies have even considered shifting to a more domestic approach. Read more to understand the current predicament corporations are faced with. Front Office Sports
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October 29, 2021
Romanian police recover Italy’s stolen gold Pinarello track bikes
A week after the Italian national track team had 22 bikes stolen from their hotel at the UCI Track World Championships in Roubaix, Romanian police have recovered the several hundred thousand Euro haul in their country. The Pinarellos, which included four gold bikes used by Filippo Ganna and his gold medal-winning team pursuit teammates,...
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October 29, 2021
Inside The Call: Hoka One One Again Stars For Deckers
Deckers Brands reported sales and earnings missed Wall Street’s targets in its fiscal second quarter ended September 30 as numerous supply chain challenges slowed Ugg’s growth in the quarter. However, the company still maintained its revenue outlook for the full year, driven by its projected 50-plus percent growth at Hoka...
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October 28, 2021
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year. Skechers achieved a new third quarter sales...
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October 28, 2021
Facebook Rebrands to Meta, Rolls Out VR Fitness Apps
Facebook is looking to become a different type of company, starting with its name: The social networking giant is rebranding its parent company to Meta. Meta will oversee Facebook, Instagram, WhatsApp, and Oculus, the latter of which is of growing importance to Facebook’s ambitions in the metaverse — hence the name. The rebrand was revealed by...
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October 28, 2021
Olympics Draws $1.8 Billion in Revenue, But Comcast Mum on Profit
The long-delayed Tokyo Olympics paid off handsomely for NBCUniversal, as the company booked $1.76 billion in revenue over the course of the 17-day event. That marked a 9% increase compared to the $1.62 billion NBCU generated during the 2016 Summer Games in Rio. However, Comcast did not confirm that it had made a...
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October 27, 2021
Fitness Segment Boosts Garmin’s Revenue to $1.19B
Garmin reported $1.19 billion in third-quarter revenue Wednesday — with net sales for its fitness segment growing 4% to more than $342 million. During the first three quarters of 2021, the company’s net fitness sales increased 26% from the same period last year. Known for its GPS devices, Garmin is making strides...
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October 27, 2021
Shimano sales up 54% through first 9 months
Sales in Shimano's bicycle division were up 54% in the first three quarters of the company's fiscal year, compared to the same period last year. "Strong demand for bicycles remained at high levels in all markets, against a backdrop of the global cycling boom, triggered by the spread of COVID-19,"...
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October 27, 2021
Oblivious spectator run over in scary caught-on-camera cycling crash
Police are investigating a collision that occurred near the end of the Cicloturista Condaca Salmor Bike Race, which takes place in the Canary Islands, between an unnamed cyclist and a spectator who inexplicably crossed into the road. Video of the incident shows the woman looking down on her phone as...
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October 26, 2021
Cyclist survives mauling from brown bear in Alaska
The cyclist in a rural borough of Alaska managed to survive after he dropped to the ground to cover his head, kicking at the bear. Alaska Wildlife Troopers were notified of the attack after a man who was cycling along the Jack River noticed from 30 feet away that the bear...