Latest Sports Breaking News
February 17, 2023
Shimano forecasts 21% sales drop in 2023
In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with...
February 17, 2023
Strava’s trying to make route planning easier by crowdsourcing photos from users
You can find route photos for any sport featured in the Routes section of the app, including running, trail running, walking, hikes, rides, mountain bike rides, and gravel rides. According to Strava, the platform has roughly 2.3 million photos from 200 million user-uploaded public activities in the past year to...
February 16, 2023
Three Perspectives on Ironman’s Controversial New Open Category and Transgender Policy
In a larger press release sent out on February 6, Ironman announced the creation of a new Open participatory division, with the hopes of “[providing] a welcoming and inclusive field for able-bodied athletes that cannot or do not wish to race in a competitive age or gender group.” The press...
February 15, 2023
NBC Sports, Peacock secure US media rights for the Tour de France on six-year extension
NBC Sports and Peacock will retain the exclusive U.S. broadcast rights for the Tour de France on a six-year extension, officials confirmed Wednesday. As part of its previous agreement, NBC Sports and Peacock will present full live coverage of 110th Tour de France this summer July 1-23, 2023. The extension means NBC Sports...
February 14, 2023
Shimano’s Sales Climb 15 Percent In Year, Topping Guidance
Shimano reported that net income rose 10.6 percent on a 15.1 percent revenue gain in its year ended December 31. Both earnings and sales easily topped the company’s guidance. Sales are expected to decline 20 percent in the current year. Sales increased 15.1 percent from the previous year to ¥628,909...
February 10, 2023
Mark Sutton to depart CyclingIndustry.News, Jonathon Harker moves to Editor role
Mark leaves the role having established the brand in 2016 as a trade-focused website that has since drawn monthly audiences of up to 100,000 unique users through a combination of daily news, recruitment and podcasts with industry leaders. With the online presence established the title grew with the addition of...
February 10, 2023
Adidas Expects Breakup With Yeezy to Cost Over $1B
Adidas’ separation from Yeezy, formerly known as Kanye West, may have a bigger fallout than initially anticipated. The sportswear company revealed Thursday it’s expected to lose $1.3 billion in revenue and nearly $534 million in operating profit this year after ending the relationship with the rapper in October over his...
February 9, 2023
Parlee Cycles files for Chapter 11 bankruptcy protection
Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January. BRAIN
February 9, 2023
Fox Racing Enters MTB Footwear Category
Fox Racing, the global leader in motorcycle and mountain bike safety equipment and apparel, has entered the mountain bike shoe category. With the launch of the Union shoe series, Fox now offers both mountain bike and motocross riders head-to-toe protection and apparel. Shop Eat Surf
February 8, 2023
Adidas Unveils 2023 Boston Marathon Celebration Jacket
With just over two months until the 127th Boston Marathon on April 15, Adidas unveils this year’s version of the jacket, with a design focused on sustainability and minimal environmental impact. However, not all runners are pleased with the announcement. Believe in the Run