News Topics
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October 31, 2022
Layoffs Occur at Mindbody, ClassPass
For the second time in two years, Mindbody has implemented staff layoffs at Mindbody, and this time it also included employees at ClassPass, which Mindbody acquired in October 2021. The software and experience technology platform company did not share how many people were laid off, but those who were laid...
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October 31, 2022
Kitzuma temporarily suspends delivery service
Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its driver network in reaction to slowing demand for its door-to-door bike shipping business. Bicycle Retailer
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October 27, 2022
Fitness Drives Apple to Record Quarter
Apple reported record fourth-quarter revenue of $90.1 billion — an 8% increase year-over-year — for the period ending Sept. 24. The tech giant’s wearables segment, which includes its fitness watches, posted $9.6 billion in revenue compared to Wall Street estimates of $8.8 billion. FOS
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October 27, 2022
Tech startup Body Rocket seeking US investment following £430,000 UK and EU raise
Tech startup Body Rocket is seeking US investment following a successful £430,000 UK and EU raise. Body Rocket is creating the ‘world’s first’ device to provide real-time aerodynamic drag force measurement for cyclists and triathletes, with the accuracy of a wind tunnel. The patented technology (UK only and USA applied-for)...
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October 27, 2022
The Difference Between Zero-Sugar and Electrolyte Sports Drinks
Sugar-free sports drinks are made with artificial sweeteners, such as sucralose, and are generally lower in calories and carbohydrates than regular sports drinks. However, this doesn’t mean they’re completely void of electrolytes. Outside Online
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October 27, 2022
Track Bicycle Racing to Enter the Metaverse
A new partnership between Warner Bros. Discovery Sports and Infinite Reality will bring an immersive metaverse experience to the Union Cycliste Internationale (UCI) Track Champions event in London on Dec. 2-3, 2022. Visitors get the opportunity to preview “an immersive experience to engage fans,” a press release said. Gear Junkie
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October 26, 2022
Life Time Is Biggest Operator of Pickleball Courts in the Country
Life Time, Chanhassen, Minnesota, now has more than 350 permanent pickleball courts in the United States with plans to have 600 open by the end of 2023, the company said on Oct. 25. Since August 2021, Life Time has built indoor and outdoor pickleball courts at a rate of five...
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October 26, 2022
Kanye West was kicked out of Skechers’ offices after he showed up ‘uninvited,’ the company says
Ye, formerly known as Kanye West, was booted from Skechers’ corporate offices in Los Angeles on Wednesday after he showed up uninvited and unannounced, the company said. In a statement, the shoemaker said two executives escorted Ye and others from the company’s offices following a brief conversation and after he...
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October 26, 2022
NPD Reports Q3 Footwear Revenues Flat
In the third quarter of 2022, U.S. footwear industry sales revenue was flat at $10.8 billion, versus Q3 2021, according to global marketing group The NPD Group. While sneakers continued to capture the largest piece of the footwear business, fashion shoes and sandals were the top growth categories in Q3, based on...
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October 26, 2022
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin, Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook. SGB Media
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