Latest Sports Breaking News
November 17, 2021
Peloton Sues Rivals Over Alleged Patent Infringement
Peloton has filed lawsuits against rivals Echelon and iFit over alleged patent infringement related to the company’s on-demand fitness classes. Known for its at-home bikes and treadmills, Peloton is seeking compensation and a court order that would prevent Echelon and iFit from selling their alleged patent-violating products until the patents...
November 16, 2021
Peloton Soars After Stock Offering Attracts Major Investors
Peloton Interactive Inc. jumped as much as 15% after a $1 billion stock offering drew the interest of major investors, a sign Wall Street is ready to look past a grim forecast earlier this month. The shares rose as high as $54.45, marking the biggest intraday gain since March. The...
November 16, 2021
Inside The Call: Beachbody’s Q3 Misses Plan On Weakening At-Home Fitness Demand
The Beachbody Company, which recently went public in an IPO, reported sales dropped 17 percent in the third quarter in part because new subscribers to its fitness content weakened amid a softening in at-home fitness demand. Looking ahead, Beachbody lowered its expectations for sales for 2021 to a range between...
November 15, 2021
New Balances’ CEO Eyes Strong Bounce Back In 2021
At SFIA’s Trends & Insights conference, Joe Preston, New Balance’s CEO and president, said his company’s sales are on a path to climb “about 30 percent this year” and move past 2019 levels as it strongly recovers from the pandemic. The brand also continues to pack momentum in the future....
November 12, 2021
Saucony Appoints Sr. VP
Saucony, a division of Wolverine Worldwide Inc., and global performance running and lifestyle brand, announced the appointment of industry veteran Brian Moore to senior vice president of global product. Moore began his athletic footwear career at Saucony 25 years ago where he served as vice president of product marketing and...
November 11, 2021
Shanghai Marathon postponed indefinitely due to COVID-19
China is battling a fresh Delta-driven outbreak that has spread across the country and sparked tough new measures to stamp out the virus before the Beijing Winter Olympics in February. Organizers of the Beijing and Wuhan marathons both announced last month that those races were also postponed due to the...
November 11, 2021
Richard Branson, 71, shows off gruesome injuries from ‘colossal cycling crash’ and reveals his helmet saved his life after his brakes failed during British Virgin Islands charity bike ride
Sir Richard Branson has suffered a 'colossal' bicycle crash after his brakes failed while taking part in an endurance charity race across the British Virgin Islands this week. The 71-year-old billionaire feared he had broken his back after colliding with another rider during day two of the Strive BVI event...
November 10, 2021
World Triathlon and RaceRanger team-up on anti-drafting tech
World Triathlon has teamed up with RaceRanger, an electronic sensor system designed to improve fairness around the issue of drafting on the bike section of non-drafting triathlons, which make up approximately 85% of triathlon competitions globally. Endurance.Biz
November 10, 2021
Black Employees at Peloton Are Voicing Concerns Over Pay Disparity
Insider published an investigation detailing some Black employees' concerns over pay disparity at Peloton. The report, published on Nov. 3, was based on interviews with four Black current and former Peloton employees speaking under the condition of anonymity, as well as Insider's access to inside communications (screenshots of Slack conversations,...
November 9, 2021
Peloton Introduces Peloton Guide, First Connected Strength Product
NEW YORK, Nov. 9, 2021 -- Peloton (NASDAQ: PTON) today announced its first connected strength product, Peloton Guide. The AI-enabled device easily connects to televisions, providing Members instant access to a suite of expert Instructors and the well-loved Peloton content library. Peloton Guide is Peloton's most accessibly-priced hardware product yet and will include the new Peloton...