News Topics
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July 6, 2022
Finally, Women’s Running Shoes Are Being Made for Women’s Feet
With so many women on the roads, tracks, and trails, female athletes no longer want to compromise on footwear, forcing their feet into running shoes designed for the geometry of a different gender’s foot, then simply sized down to accommodate their own feet. And with more female designers working for...
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July 6, 2022
2022 London Marathon to stage the richest wheelchair race in history
This year, organizers are setting records before the race has even begun, announcing on Wednesday that the 2022 London Marathon will host the richest wheelchair races in history. The total prize pot across both races has increased by $57,800 from $141,700 in 2021 to $199,500 in 2022. CNN
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July 6, 2022
Kaitlin Armstrong formally charged in murder of Moriah Wilson
Kaitlin Armstrong has been officially charged with the first-degree murder of professional cyclist Moriah Wilson. Armstrong, 34, was apprehended in Costa Rica on June 29 after spending 43 days on the lam. A warrant was issued for her arrest on May 17, six days after Wilson, 25, was found shot...
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July 6, 2022
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance. SGB Media
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July 6, 2022
Peloton sweetens employee pay incentives as it fights to boost morale and stage a turnaround
Peloton sweetened incentives for its workers with one-time cash bonuses and changes to its stock compensation plan as it fights to hold onto employees and fix its struggling business, according to internal memos seen by CNBC. The changes come a little more than five months into Barry McCarthy, a former...
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July 5, 2022
LeMond Bicycles Names New CEO
LeMond Bicycles appointed Rick Adams as CEO. He replaces Dean Hendrickson, who will transition to CEO of LeMond Carbon. Adams joins Lemond Bicycles following 11 years at the United States Olympic & Paralympic Committee, most recently as chief of sport performance. Adams joined the USOPC after a 15-year career in professional sports,...
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July 5, 2022
Lululemon Sets Sights on Spain as It Continues to Expand Internationally
Lululemon is moving into Spain, its first new market in Europe since 2019. According to the Canadian athletic company, it plans to open two new stores in the country as well as a local e-commerce site as part of its “Power of Three ×2” growth plan, which includes a quadrupling...
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July 1, 2022
Platform Media launch Stelvio magazine and digital platform
A new print and digital offering for the road cycling market has launched under the Stelvio banner, as fronted by cycling journalist and author, Jeremy Whittle. The first issue landed earlier this month, delivering 132-pages with an emphasis on the 2022 Tour de France that just kicked off. Published by...
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July 1, 2022
Too much inventory and debt forcing owners of Saris Cycling Group to sell the company
Saris Cycling Group has filed an alternative to bankruptcy that consolidates its debt, keeps its 132 employees in place but which will likely lead to the sale of the company in the next two months, according to Michael S. Polsky, a Milwaukee lawyer, who is acting as the court-appointed receiver...
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July 1, 2022
Passport of Kaitlin Armstrong’s Sister Found at Costa Rica Lodge After Fugitive Yoga Teacher’s Arrest: Witness
U.S. Marshals previously said that Kailtin Armstrong used someone else's passport in order to enter Costa Rica, where she was arrested after multiple weeks on the run. Armstrong is suspected of killing professional cyclist Moriah Wilson. Inside Edition