News Topics
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August 4, 2022
Adidas’ Operating Profit Plummets 28%, Faces Legal Battles
Adidas reported a 28% decline in second-quarter operating profit to $398.4 million due to suspending its business in Russia, pandemic-related lockdowns in China and Vietnam, and higher supply chain costs. The company was able to lock in a 4% increase in currency-neutral revenue. Net income fell to roughly $366.8 million...
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August 3, 2022
E-bikes Changing the Channels
The recent Eurobike event, held live in July in Frankfurt Germany, all but confirmed things: e-bikes are still booming and remain an opportunity. “This year you’d have been forgiven for thinking Eurobike was an e-bike show,” reported Will Jones for Cyclingnews. Inside Outdoor
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August 3, 2022
Tour De France Femmes Proves TV Hit As Viewing Figures Released
The eight stages captured, on average, a quarter of the French television audience, a total of 2.25 million viewers across the channels France 2 and France 3 and a total of 20 million people watching across the entire race. The peak was 5.1 million viewers, a 45.6% audience share, for...
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August 3, 2022
Driver who killed two cyclists during charity ride “didn’t understand severity” of incident, says prosecutor
A motorist who crashed into a group of cyclists taking part in a charity ride in Michigan, killing two and seriously injuring three others, failed to understand the severity of what had happened, a prosecutor has said. The five cyclists were taking part in the 35th edition of the Make-A-Wish...
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August 3, 2022
World Triathlon Executive Board approves Transgender Policy
World Triathlon’s Executive Board has approved the Transgender Policy, following a period of consultation with the Medical Committee, Athletes Committee, Coaches Committee, Legal & Constitution Committee, Women’s Committee and the Equality, Diversion & Inclusion Commission, as well as multiple experts in the field and the transgender community. Triathlon.org
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August 3, 2022
Under Armour cuts profit outlook for the full year as promotions eat into margins
Under Armour on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year to come in between 61 cents and 67 cents, down from earlier guidance of between 79...
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August 2, 2022
‘Team Molly’ Parents Sue E-Bike Company Over Daughter’s Death
The parents of a girl who died after an e-bike accident filed a wrongful-death lawsuit Monday against the Seattle e-bike company Rad Power Bikes. In the suit, Kaye and Jonathan Steinsapir, the parents of Molly Steinsapir, who died last year at age 12, claim that flaws in the bike’s design...
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August 2, 2022
The Great Cooling Revolution in Endurance Sports
Studies show that reducing body temperature may improve performance even in relatively temperate conditions. We’ve known that physiology for a long time, but it wasn’t until recently that athletes started making cooling techniques a top priority. All around the world, in all different sports, there is something big happening. We...
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August 2, 2022
McLaren Steps into Sports Apparel with $450 Sneakers
McLaren is tapping into the fashion market with the debut of its first athletic footwear line, HySpeed. The British luxury carmaker is entering the $3 trillion fashion market to expand its reach and attract more consumers behind the growing popularity of its Formula 1 racing team. FOS
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August 2, 2022
Porsche eBike Performance GmbH launches into cycling market
If there were any remaining doubt about how serious performance vehicle manufacturer Porsche is about eMobility, that has been officially ended with the launch of Porsche eBike Performance GmbH. The car maker announced it, “wants to increase its activities in the eBike segment. To this end, two joint ventures founded...
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