News Topics
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October 30, 2023
Pan American Games race walk course found to be 3 km short
The first day of athletics was off to a rocky start at the 2023 Pan American Games in Santiago, Chile when the women’s 20 km race walk course was found to be three kilometres shorter than the prescribed distance. This unexpected lack of accurate course measurement led to officials quashing...
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October 30, 2023
Kaitlin Armstrong trial starts today: here’s what we know
The criminal trial for the murder of cyclist Moriah Wilson that has gripped the nation and cycling world alike gets underway in Austin, Texas, today. Defendant Kaitlin Armstrong faces a first-degree murder charge along with two felony charges for 'Unlawfully Flight to Avoid Prosecution' when she fled to Costa Rica for 43...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 27, 2023
Ousted Planet Fitness CEO Created Toxic Culture, Per Report
Recently ousted Planet Fitness CEO Chris Rondeau is facing some out-of-this-world allegations from former employees who portray a “fitness employees gone wild” atmosphere that includes on-the-job drinking and weekend getaways bankrolled by a proverbial suitcase filled with thousands of dollars. Rondeau was shocked by being shown the door by the...
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent. The footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09 billion, compared to $875.6 million the same time last year. Deckers also saw a bump in its direct-to-consumer channel, reporting an increase of 38.8 percent to...
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October 26, 2023
Skechers Beats Profit Expectations in Q3, Nets Record Sales Over $2B
Skechers reported record quarterly sales of $2.02 billion, which were up 7.8 percent from the prior year and ahead of the company’s previously outlined projection of between $1.95 billion and $2 billion. Net earnings were $145.4 million and diluted earnings per share were up 69.1 percent to $0.93. Skechers had been aiming...
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October 26, 2023
FloBikes Got Caught Sneaking Subscriber Data to Facebook. That Means You’re Owed Money.
If you woke up to an email about a class action lawsuit against FloSport, it was about their subscribers being notified that FloSports disclosed its subscribers’ personal information to Facebook via the Facebook Tracking Pixel, without its subscribers’ consent, in violation of the Video Privacy Protection Act (the “VPPA”). This...
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October 25, 2023
Life Time Group Holdings Inc (LTH) Reports Strong Revenue Growth in Q3 2023
Life Time Group Holdings Inc (NYSE:LTH) released its Q3 2023 earnings report on October 25, 2023, revealing a significant increase in total revenue and adjusted EBITDA. Despite a decrease in net income, the company's adjusted net income showed a remarkable improvement, turning from a loss in Q3 2022 to a...
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October 25, 2023
The Tour De France Faces Major Disruption Due To Paris Olympics
Next summer’s Paris Olympics will cost organizers at least $4.5 billion — but the Games will also severely upend one of the most storied international events on the sporting calendar. On Wednesday, the Tour de France released its official route for the 111th edition of the cycling race in 2024, with...
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October 24, 2023
Shimano’s Sales Tumble 20 Percent In Nine Months On Cycling Weakness
Shimano Inc.’s sales tumbled 19.8 percent in the nine months as sales in its Bicycle Components segment dropped 24.8 percent with the decline tied to high inventories in the IBD channel. The Japanese-based company nonetheless slightly raised its outlook for the year as orders in the back half weren’t as...
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