News Topics
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August 1, 2024
Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth
Life Time Group Holdings, Inc. reported second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue, and driven by an increase in average dues, membership growth in its new and ramping centers, and higher member use of its in-center offerings. Center...
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July 31, 2024
Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight
Running brand On made its latest move in the supershoe race on the eve of the Paris Olympics, unveiling a marathon shoe produced by a robotic arm spraying material onto a mold to create a sock-like upper, with no laces. While most running shoe innovations focus on the midsole, like...
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July 31, 2024
Paris Olympics: Swimmers return to the Seine for the first time in a century
After six years, $1.5 billion, innumerable tests, cascades of protests, political grandstanding, countless prayers and hopes, multiple delays, and a thunderstorm just hours before the start … swimmers are finally in the Seine once again. The competitors in the women’s triathlon at the 2024 Olympics went into the water at...
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July 31, 2024
EXEC: Adidas Group Doubles Q2 Profits on Double-Digit Sales Growth X-Yeezy
Adidas Group CEO Bjørn Gulden reported that the second quarter was another that confirmed the company’s improvement and progress toward becoming healthy again. Gulden noted that consumers and retailers continue showing strong and increased interest in the Adidas brand and products. He said this was “clearly reflected” in the 16 percent growth for the underlying Adidas...
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July 30, 2024
EXEC: Shimano Sees Continued Headwinds Drive H1 Sales and Profits Lower
Shimano Inc. is reporting that the pace of global economic recovery was moderate during the first half of fiscal year despite some factors that continued to exert downward pressure on the current economic climate, including tight monetary policies adopted mainly in Europe and the U.S., geopolitical risks caused by rising...
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July 30, 2024
Men’s triathlon race postponed to Wednesday due to Seine pollution levels
Organisers will decide on Wednesday at 4am (0200 GMT) if Paris Olympics' triathlon competitions can go ahead later in the day after the men's event was postponed on Tuesday due to pollution levels in the Seine. France has invested heavily to make the Seine swimmable as a key legacy of...
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July 30, 2024
Cycling has a weight problem: a call for the industry to be more transparent about its weight limits
Cycling has a weight problem. No, I’m not talking about the pressures on the pro peloton to be as light as possible to improve their power-to-weight ratio. I’m not even talking about the rampant diet culture that assumes people ride bikes predominantly for weight loss. The weight problem I’m referring to...
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July 30, 2024
Brooks Running Continues 2024 Surge with All-time Record in Quarterly Revenue
Brooks Running reached a new record in global quarterly revenue in the second quarter of 2024, up 15% year over year driven by double-digit growth in its wholesale and direct-to-consumer channels. In North America, Q2 revenue increased 19% year over year with continued success of the brand’s Glycerin 21 super franchise,...
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July 27, 2024
American cyclist Taylor Knibb falls off her bike FOUR times and her mechanic also takes a tumble as wet weather causes CHAOS in Paris Olympics time trials
A flurry of cyclists have fallen off their bikes on the first morning of the Paris Olympics as participants struggled to cope with the wet conditions. US athlete Taylor Knibb skidded off four times during the women's road cycling time trials as the rain cascaded down in the French capital. And she...
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July 26, 2024
After the bike industry’s pandemic boom and bust, what’s next?
Investment bank Houlihan Lokey, with management consulting firm Kearney, recently released a research report [PDF] attempting to predict what the next few years look like for the bike industry, and it’s overall a rosy picture: supply chains stabilizing, inventory overhang dissipating, and gradually rising sales. But the most interesting prediction was a...
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