Latest Sports Breaking News
August 14, 2024
Bike Matrix compatibility index bags $2 million industry investment
Following a successful showing at Eurobike 2024 where it picked up an award, B2B parts compatibility solution Bike Matrix has secured NZ$2 million seed investment from within the industry. The Bike Matrix compatibility index allows users to “select a bike and see what fits” and is designed to simplify life for...
August 14, 2024
Asics Is Growing its Presence in the Crucial Run Specialty Channel in North America
Asics reported results for the first half of the year that showed solid growth across several regions and channels, including in the crucial North American run specialty channel. According to the Japan-based athletic brand, net sales for the first six months of 2024 increased 18 percent to 342 billion yen driven by...
August 13, 2024
Infographic – Tour de France Femmes avec Zwift 2024
Now underway, the third edition of the Tour de France Femmes avec Zwift runs from August 12-18, 2024, and event organiser A.S.O., has released an infographic showcasing the elite women’s race. This year’s Tour de France Femmes avec Zwift will be more accessible, with enhanced TV coverage and more than 22 hours...
August 13, 2024
Federer’s On Brand Continues Surge, Challenging Sportswear Giants
On, the upstart sportswear company backed by Roger Federer, posted another strong quarter of sales, further solidifying its place as a threat to legacy brands. The Swiss brand founded in 2010 announced Q2 sales of $657 million on Tuesday, a 27.8% increase over last year, and saw a slight gross profit margin uptick to...
August 12, 2024
Giant Group revenue down 13% in half
Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year. The company said that due to profit growth in China, its gross margin rate fore the period was 21.3% and net profit after tax was NT$1.67 billion, a decrease...
August 10, 2024
First Look: Action Bronson and New Balance Are Making Performance Running Sneakers Together
Action Bronson and New Balance have already had a big year together; the duo have released three different collaborative styles of the 1906R sneaker, and the rapper in June began teasing another upcoming drop. Now, we’re getting another look at the soon-to-be-released Action Bronson x New Balance Minimus Trail collab along with a first look at a performance running sneaker. Previewed Friday...
August 5, 2024
Kristen Faulkner Wins Gold in Major Cycling Upset, Making History as First American to Medal in 40 Years
Kristen Faulkner has made history after winning gold at the 2024 Olympic Games! The racing cyclist, 31, earned her first gold medal at the women’s road race on Sunday, Aug. 4 — becoming the first American to secure a medal in the event in 40 years. People
August 5, 2024
More layoffs at Rad Power Bikes as Seattle e-bike maker aims to ensure ‘brand’s longevity’
Seattle-based Rad Power Bikes made more cuts to its workforce in July, the latest in a wave of layoffs that have impacted the well-funded electric-bike startup. A spokesperson for the company declined to share how many positions were impacted and which departments were part of the reduction. TechCrunch first reported...
August 1, 2024
Hoka Continues to Expand Wholesale Reach, Plans Apparel Push in Future
Hoka continues to post blockbuster results for parent company Deckers Brands, with double-digit growth in both wholesale and DTC channels in the quarter ended March 31. Hoka’s revenue increased 30% to $545 million during the quarter. DTC revenue jumped 33%, while wholesale rose 28%. The Daily Outdoor
August 1, 2024
Bike product sales down almost 40% at Fox Factory in the first half
Fox Factory says "ongoing channel inventory recalibration and, to a lesser extent, lower-end consumer demand" contributed to a decline in sales of bicycle products in its fiscal first half and second quarter, announced Thursday. Fox said sales of its bike products in the half were down $87.9 million — or...