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November 15, 2023
Pace Sportswear closes after 45 years
After 45 years in business, Pace Sportswear closed at the end of last month, the result of declining sales following the pandemic. Company president Maria Marsh on Wednesday wrote in an email that the company is looking for a buyer for the remaining inventory. Pace manufactured cycling headgear — including...
October 30, 2023
Life Time revenue up 23% year to date
Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs. Revenue in Life Time's athletic events business also was up, even though it sold two events earlier...
October 26, 2023
Top cycling teams explore creating new league -sources
A number of major European cycling teams have been exploring plans to create a new competitive league in a move that could reshape the sport’s landscape and allocate more funding for participants. About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join....
August 25, 2023
Giant aware and working to get fake website taken offline
Giant Bicycles says it is aware of a fraudulent website mimicking its U.S. domain and has started the process of eliminating it by notifying the Federal Trade Commission, which investigates online scams in the U.S., and the brand's global legal team in Taiwan. BRAIN
July 17, 2023
One Runner Followed His Watch’s AI Training Plans for a Month. Here’s What Happened.
Could a Garmin watch actually know something a runner doesn't about his training progress? Could it replace a coach? Andy Cochrane decided to be a guinea pig, making a resolution to wear his Garmin for a full month, 24 hours a day, and do everything it recommended. Outside
July 6, 2023
Brooks Launches ReStart Recommerce Program to Support Sustainability Goals and Increase Access to the Run
Brands that sponsor the Ladies Professional Golf Association (LPGA) are found to have gained up to a 400 per cent return on their investment, according to a report from SponsorUnited. The LPGA Marketing Partnerships Report for 2022/23 produced by the sponsorship data and advertising services firm found that the number of...
June 27, 2023
The Vents in Nike’s New Jacket Open Automatically When You Sweat
The new Nike Aerogami Jacket is meant to both warm and cool an athlete by automatically opening vents for added breathability when they start to sweat and then closing in the absence of moisture. Gizmondo
January 27, 2023
Giant Group buys minority share in Stages Cycling in $20 million deal
Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange. According to the announcement in Taiwan, on Jan. 20 Giant's board approved the purchase of 32.5% of Stages Cycling Inc. common stock for...
January 5, 2023
Peloton fined $19 million for dropping the ball on Tread Plus safety issues
Peloton is starting off 2023 with a $19 million fine. According to the US Consumer Product Safety Commission, the company has agreed to pay the civil penalty to settle charges that the company knowingly failed to immediately report safety issues with its recalled Tread Plus. Peloton continued to sell 38 Tread...
November 15, 2022
Amazon gets back into the virtual care space with the launch of Amazon Clinic
Amazon announced the launch of Amazon Clinic, which it calls, "a virtual health storefront, bringing together clinical offerings from national, award-winning telehealth providers." With Amazon Clinic, customers are able to select the third-party telehealth provider that best meets their timeline and budget, then connect directly with a licensed clinician. Vator