News Topics
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February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
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February 5, 2022
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid
Peloton Interactive Inc (PTON.O) has drawn interest from potential buyers including e-commerce giant Amazon.com Inc , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist...
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February 3, 2022
Withings Acquires 8fit
Withings announced the acquisition of 8fit, the health, fitness and wellness app. Available in six languages, its offerings include workouts, customized meal plans and self-care to users. This news follows last month’s announcement of Withings’ acquisition of Impeto Medical, a specialist in R&D, manufacturing, and distribution of medical devices for...
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February 3, 2022
Hoka and Ugg Help Deckers Deliver Its Largest Quarter Ever
Deckers Brands delivered its largest quarter in history for the third quarter of 2022 despite ongoing supply chain issues and a slowdown in its Sanuk and Koolaburra brands. The footwear conglomerate – which also owns Hoka, Ugg, and Teva – reported a revenue increase of 10.2% to $1.188 billion in...
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February 3, 2022
Skechers Just Had Its Best Year Yet, Thanks to DTC Sales and a Strong Supply Chain
The fast-growing comfort focused footwear brand managed to break four quarterly sales records throughout the year and set a new record for full year sales in 2021 at $6.29 billion. In the fourth quarter, Skechers unveiled sales of $1.65 billion, marking a year over year increase of 24.4%. Net earnings...
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February 3, 2022
ASICS Ventures Invests In RUN. EDGE. Limited, A Provider Of Video Search And Real-Time Analytics Services In Sports And Enterprise Field
RUN. EDGE is a startup company, which was carved out of Fujitsu Limited in June 2018. With the mission of "Creating new experiences through video and technology”, RUN. EDGE provides video search and real-time analysis platforms in the sports and enterprise fields including education. ASICS
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February 3, 2022
Peloton’s Bikes Spur Effort by NordicTrack Maker to Bar Imports
NordicTrack maker iFit Health & Fitness Inc. filed a U.S. trade complaint seeking to block imports of Peloton Interactive Inc.’s stationary bikes, escalating a dispute over home-fitness equipment and adding to Peloton’s woes. Bloomberg
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February 2, 2022
Walmart named title sponsor of 2022 Joe Martin Stage Race
The northwest Arkansas Joe Martin Stage Race celebrates its 45th anniversary and is on the calendar for May 19-22. Walmart has signed on as title sponsor for the 2022 edition. VeloNews
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February 2, 2022
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China. SGB Media
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February 1, 2022
NYT reports Alberto Salazar’s lifetime Safe Sport ban is for sexual assault
In July 2021, former Nike Oregon Project head coach Alberto Salazar, who had been banned from coaching in 2019 for doping violations, received a permanent, lifetime coaching ban from the U.S. Center for SafeSport for sexual misconduct, and his attempt to appeal the decision was denied. It was previously understood...
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