News Topics
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September 1, 2021
iFIT Files for IPO, Could Raise Estimated $800M
Formerly known as Icon Health Fitness, iFIT offers interactive workouts, training programs, and instruction from world-class trainers. The company owns various fitness brands including FreeMotion and NordicTrack, and has more than 6.1 million members in over 120 counties — including 1.5 million paying subscribers. The company generated $1.7 billion in revenue in fiscal...
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September 1, 2021
Bosch unveils new ‘smart system’ for e-bikes, including mobile app and remote
Bosch has unveiled an array of product updates for the coming seasons, including a new mobile app and a wireless remote control that increase the "digitalization" of bikes using the company's drivetrain system. BRAIN Bosch's new "smart system" includes the eBike Flow app for smartphones. Bosch sees the app as the...
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August 31, 2021
At least six female Afghan cyclists reach Italy, professional cyclists group announces
The Italian Professional Cyclists Association has announced that six female Afgan cyclists, along with a male athlete and some family members, arrived in Rome on Italian Air Force plane on Aug. 27. American activist Shannon Galpin has been working to help female Afghan cyclists get out of the country. She told...
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August 31, 2021
Runners: gulp, don’t sip, your carbs on race day
New research shows that taking in larger amounts of carbohydrates less frequently is the better way to fuel during a race. Canadian Running t’s undeniable that carbohydrate intake during a long race improves performance, but exactly how much, what type and when you need it is less certain. Recently, researchers at Loughborough...
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August 30, 2021
BAA Apologizes For Holding Marathon On Indigenous Peoples Day
The Boston Athletic Association has issued a formal apology for scheduling the 2021 Boston Marathon on Indigenous Peoples Day, which will be recognized in local communities including Brookline and Newton on Oct. 11. The BAA said it has met with representatives from the Federal and State Recognized Tribes to come...
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August 30, 2021
Peloton’s full-year revenues exceed $4 billion, but growth slows and losses mount
Peloton Interactive's fourth-quarter revenue grew 54% over last year's final quarter, to $937 million, as the company's fiscal year revenues topped $4 billion for the first time. However, although the quarterly sales total was ahead of estimates, the company lost $313 million in the quarter and the growth rate declined from...
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August 30, 2021
WHOOP Looks to Acquire Tech Companies After $200M Raise
Fitness wearable company WHOOP raised $200 million at a $3.6 billion valuation, roughly doubling its previous fundraising total and tripling its valuation from a round in October 2020. The Series F round, announced on Monday, was led by Softbank Vision Fund 2. FOS
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August 27, 2021
Tour of the Gila cancelled due to rising COVID-19 cases across New Mexico
Organizers of the Tour of the Gila announced the cancellation of their stage race that was scheduled to be held from September 29 to October 3 in New Mexico. The race will return next year from April 27 to May 1, 2022. Tour of the Gila would have been only the...
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August 26, 2021
Lululemon Raises Minimum Base Pay
Effective Sept. 27, 2021, lululemon will raise the minimum base pay for the majority of its store and Guest Education Centre) employees in North America. As part of the additional investments, people who are currently employed, and individuals who are hired from this point forward, will receive a new minimum...
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August 26, 2021
Earning Announcements
Peloton shares fall after cycle maker posts disappointing earnings and outlook, cuts Bike price More Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year More
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