News Topics
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April 26, 2024
What millennials are doing to confront the ‘quarter-life crisis’
We’ve all heard of a midlife crisis, but how about a quarter-life crisis? It’s now happening to people in their 20s. Whether it's harder, taking longer to find a career path that is meaningful to them or taking longer to find a partner, or moving to a new city, and...
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April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...
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April 26, 2024
Gamification, Financial Rewards Drive Workout Motivation, Study Shows
Gamified, point-earning strategies and small financial incentives can encourage increased physical activity, especially when the two are combined, according to new research. An 18-month study presented this month at the American College of Cardiology’s Annual Scientific Session examined the effect that earning points or small amounts of money had on the...
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April 26, 2024
Bike-carrier demand helps propel Thule’s 9% Q1 net sales gain
Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year. Sales of Sports & Cargo Carriers, including the largest sub-category bike carriers, jumped 16% compared with the same time last year. Overall net sales of SEK 2,420 ($222 million) for the quarter topped the SEK 2,226...
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April 25, 2024
Why REI Co-op Is Doubling Down on Running Shoes and Exiting Its Branded Footwear Business
REI Co-op confirmed that it is exiting its REI-branded footwear business after 2024, four years after the company said that it would begin producing its own shoes. In the time since its initial launch, REI has delivered eco-friendly hiking boots, trail runners and more. As the retailer exits one business,...
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April 25, 2024
Cancellation of 2024 Zuma Beach Triathlon in Malibu
Early this year, Malibu City Council awarded a race permit and contract to the Zuma Foundation – with a new event, the Zuma Beach Triathlon, replacing the Malibu Triathlon and scheduled for September 14-15, 2024. However, the Zuma Foundation has requested that the City of Malibu postpone The Zuma Beach Triathlon...
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April 24, 2024
Stages Cycling executives join Giant after suit and apparent shutdown
At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices. AIPS Technology, a Giant Manufacturing subsidiary, filed suit...
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April 23, 2024
Shimano first-quarter sales down 20% from last year
Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year. Shimano did...
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April 23, 2024
British man runs 4-hour marathon while drinking 25 glasses of wine
A British man and TikToker combined two of his favourite things–running and wine–at this year’s London Marathon to complete an epic challenge for charity. Instead of opting for a flashy costume or a Guinness World Record, Tom Gilbey of London, an Internet wine connoisseur, took on the challenge of blind tasting a...
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April 23, 2024
Stages Cycling lays off entire workforce
Stages Cycling is seemingly the latest casualty of the ongoing industry crisis with sources close to the company indicating it laid off all its staff last week, as the company appears to edge closer to ceasing operations. The company is synonymous with power meters and had a hugely successful range...
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