News Topics
-
October 29, 2024
Shimano sales down 12% in 2024, but cycling components giant points to “signs of progress”
Shimano's sales and income from bicycle components are significantly down on 2023, according to its latest financial results. The figures are for the first nine months of 2024, with sales in its bicycle components division down 12 per cent to 253,861 million yen (£1.27 billion), while the segment's income has...
-
October 29, 2024
Rapha Posted Losses—Are Road and Gravel Cycling Dying?
Digging deeper into Rapha's financials paints a more nuanced picture of the state of the apparel brand — but what does that say about the state of cycling? Velo
-
October 28, 2024
Italian man cramps up during finish-line proposal at Venice Marathon
On Sunday, Vittorio Vedovelli of Lombardy, Italy, planned the perfect proposal at the finish line of the 2024 Venice Marathon. But one detail he hadn’t accounted for: the state his body would be in after running 42.2 kilometres. As the 29-year-old finished the race, he was greeted by his girlfriend, who was...
-
October 25, 2024
Hoka Sends Sales Surging at Deckers Brands in Second Quarter
Deckers Brands raised its 2025 guidance after net sales skyrocketed in the second quarter ending Sept. 30, helped by impressive results from Hoka and growth in both wholesale and direct-to-consumer sales. Net sales at the parent company of Hoka, Ugg and Teva grew by 20% to $1.311 billion compared to...
-
October 24, 2024
Rapha sales fell 7% in 2023
Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that. The company’s operating loss was 21 million pounds, up...
-
October 24, 2024
Life Time Posts Double-Digit Revenue Gain in Q3 as Dues and In-Center Sales Grow
Life Time Group Holdings, Inc. reported a third-quarter revenue increase of 18.5 percent to $693.2 million, which was driven by continued growth in membership dues and in-center revenue. This revenue resulted from increased average member dues, membership growth in new and ramped-up centers, and higher member use of its in-center...
-
October 23, 2024
Can running cure your hangover?
any of us have been there: a fun night out turns into a rough morning, complete with a pounding headache, nausea and overwhelming fatigue. While there are countless supposed remedies, from greasy breakfasts to the infamous “hair of the dog,” a recent study suggests that regular exercise—especially vigorous activities like running—could...
-
October 23, 2024
Gamified Fitness App Scores Deal on ABC’s “Shark Tank”
With an emphasis on community, Card.io allows people to come together and form teams to engage in outdoor fitness and competitive social games such as Turf Wars, where they claim an area of town and defend it from others as they walk, run, and cycle. Athletech News
-
October 23, 2024
Decathlon innovation hub invests in leading second-hand e-bike company
Global sports business Decathlon has invested in Rebike Mobility GmbH, described as “Central Europe’s leading second-hand e-bike company”, via its own innovation hub, Decathlon Pulse. BikeBiz
-
October 23, 2024
EXEC: Thule Group Posts DD Profit Growth on Weaker Sales Growth
Thule Group President and CEO Mattias Ankarberg reported the company had a “good” third quarter of the year, with sales increasing, good profitability and cash flow reached a record high level. SGB Media
Follow us on
