News Topics
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August 14, 2022
Owners sells American Cycle & Fitness to Trek Bicycle
Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle. The transition will be complete by mid-October and Trek reps are already present and planning for the future with the staff. Bicycle Retailer
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August 14, 2022
‘Ultramarathon man’ Dean Karnazes attacked by coyote during 150-mile race
Acclaimed ultrarunner and author Dean Karnazes can boast some of the wildest accomplishments in endurance sports, but a coyote attack mid-race was a first for him. Karnazes was running Headlands 150-mile Endurance Run, a race held in Sausalito, Cali. Canadian Running Magazine
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August 14, 2022
Xponential Fitness Generates $60M in Q2 Revenue
Xponential Fitness - the largest boutique fitness franchiser in the U.S. with 2,357 studios - generated $59.6 million in revenue in Q2 — a 66% increase year-over-year. Net income reached $31.5 million in Q2, compared to a net loss of $8 million. The company sold 251 franchise licenses and opened...
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August 13, 2022
SoulCycle to hit brakes on nearly 25% of its locations
The once-hot exercise chain is closing 20 of its 82 studio locations nationwide within the next few weeks. The privately-run company, owned by Equinox Group, will shutter four New York City locations – in Midtown, Soho, West 92nd St. and Park Slope, Brooklyn — along with a Hamptons outpost in Water...
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August 12, 2022
Peloton to cut nearly 800 jobs, raise prices amid declining sales
Peloton will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike Plus and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. The changes, which the company disclosed Friday in a memo to employees, also includes gradually...
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August 12, 2022
Peloton must face lawsuit claiming it misled over “ever-growing” classes, judge rules
The class-action lawsuit was filed on behalf of customers who were angered by the company's decision to cut its number of exercise classes while continuing to market its service as offering an "ever-growing" library of classes. The lawsuit was filed in 2019 by the National Music Publishers Association over its alleged...
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August 12, 2022
Why Nike Is Closing Offices Around the World Next Week
Nike is again closing its global offices next week to encourage employee well-being, a move the company first announced in May. To encourage employees to enjoy some R&R and sunshine with their families, the global offices will be closed for Well-Being Week, so teammates could unplug — without worrying about...
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August 12, 2022
Cadence Performance acquires Evernden Cycles, soon to be a Giant brand store
Cadence Performance has announced the acquisition of Evernden Cycles in Kent, taking the firm’s retail portfolio to six branches. With Evernden Cycles’ owner retiring, the third-generation family business passes the torch after more than 70 years trading. Trading as Cadence initially, the store will transition to a Giant Brand Store by...
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August 11, 2022
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent year-over-year in the second quarter. The Seattle-based running brand said that for the second consecutive quarter, it held the top spot in the U.S. adult performance running footwear market with a 21 percent market share based on revenue, according to The NPD Group. Brooks...
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August 11, 2022
Science Shows You Can Go Farther and Faster with Music
A new study in the Journal of Human Kinetics showed that listening to music during a running time trial led to a 10% increase in total distance covered, as well as a 14% increase in speed. There was also evidence of 8% lower blood lactate concentration in those who listened to...
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