News Topics
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October 11, 2021
Nike, Adidas Face Supply Chain Threats
The world’s biggest athletic shoe manufacturer — which works with Nike and adidas — is facing massive labor shortages in Vietnam related to the pandemic. Around 40,000 workers did not return to a Ho Chi Minh City facility owned by Taiwanese company Pou Chen Corp. when it reopened on Wednesday. The facility...
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October 11, 2021
Dorel Sports bought by Pon Holdings in $810 million deal
Dorel Industries has offloaded its Dorel Sports division in an $810 million cash deal with Pon Holdings. Marking a coming together of two goliaths in the bike business, the joining of portfolios is yet to be detailed in full, but would more than likely merge the likes of Cannondale, GT,...
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October 10, 2021
Miles into a Utah ultramarathon, ‘near whiteout’ conditions forced a rescue of more than 80 runners
Stray snowflakes lashed at participants of Saturday’s DC Peaks 50 race with winds of up to 40 miles per hour and erasing the path through the desolate terrain. 87 runners were caught and rescued from the rugged mountains of northern Utah and organizers of the ultramarathon called off the event....
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October 10, 2021
Marion Rousse appointed race director of Tour de France Femmes
Race organizers ASO confirmed Sunday that the French former rider and current television analyst Marion Rousse will head up the organization of next summer’s inaugural Tour de France Femmes avec Zwift. The women’s Tour de France will return July 24-31 after various previous incarnations of the race came to a...
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October 9, 2021
NYC cycling surge: 530K daily bike trips represents 26% increase in recent years
On Thursday, the Department of Transportation released its annual Cycling in the City report, detailing the steady increase in daily cycling in New York City in recent years. NYC saw approximately 530,000 daily bike trips in 2019, a 3.9% increase from the 510,000 daily trips in last year’s report. The...
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October 8, 2021
Asics Ventures Invests In Bisu
Asics Corp. announced that its investment subsidiary, Asics Ventures Corporation, has invested in Bisu, Inc., a startup developing “Bisu Body Coach,” a home health lab. Bisu Body Coach is currently in beta and will launch with a nutrition test, consisting of a disposable microfluidic test stick, a reader to use...
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October 8, 2021
Strava announces surface types and personal heat maps have now been added to mobile app
Strava has announced it has released personal heat maps and surface type maps to the mobile app. The new features went live on Thursday, October 7 and can now be used world-wide by Strava users. These new features can be used by the paid subscribers and free app users. With...
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October 7, 2021
Study finds Nike and Asics models are the top performance shoes
A recent study by researchers at Stephen F. Austin State University in Nacogdoches, Tex., compared a number of popular carbon-plated running shoes to determine which models had the biggest effect on running economy (defined as how far and how fast you can run, given the energy available), compared to a traditional...
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October 7, 2021
iFIT Delays IPO After Planning to Raise $646M
iFIT postponed its IPO on Thursday, citing adverse market conditions after planning to raise $646 million. iFIT joins Life Time Group Inc. as another fitness company recently impacted by market volatility. Life Time, which is backed by private equity firm TPG, decreased its IPO size to $702 million on Wednesday, down from $966...
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October 7, 2021
Adidas Launches Resale Program Powered by ThredUp
The company today launched “Choose to Give Back,” a custom resale solution powered ThredUp’s resale-as-a-service (RaaS) program. Via Adidas’ Creator’s Club app, customers will now have the option to send in used Adidas apparel, accessories and footwear to be resold. FN
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