News Topics
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October 28, 2021
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year. Skechers achieved a new third quarter sales...
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October 28, 2021
Facebook Rebrands to Meta, Rolls Out VR Fitness Apps
Facebook is looking to become a different type of company, starting with its name: The social networking giant is rebranding its parent company to Meta. Meta will oversee Facebook, Instagram, WhatsApp, and Oculus, the latter of which is of growing importance to Facebook’s ambitions in the metaverse — hence the name. The rebrand was revealed by...
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October 28, 2021
Investors Double Down on Rad Power Bikes with $154 Million Investment, Making it the Most Funded Electric Bike Company in the World
SEATTLE, Oct. 28, 2021 /ENDURANCE SPORTSWIRE/— Rad Power Bikes™, North America’s largest ebike company, today announced $154 million in funding from existing investors to supercharge its global efforts to get more people out of cars and onto electric bikes. This round is led by Fidelity Management & Research Company LLC,...
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October 28, 2021
CERO Bikes Launches Partnership with LODEN to distribute the Award-Winning CERO One Compact Electric Cargo Bike in Europe
LOS ANGELES, CA /ENDURANCE SPORTSWIRE/ - CERO launches a partnership with LODEN to distribute its EUROBIKE Gold Award winning e-cargo bike throughout Europe and Australia; CERO has re-branded under the LODEN name in both European & Australian markets. CERO went through an extensive modification process to register its e-cargo bike as...
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October 28, 2021
Olympics Draws $1.8 Billion in Revenue, But Comcast Mum on Profit
The long-delayed Tokyo Olympics paid off handsomely for NBCUniversal, as the company booked $1.76 billion in revenue over the course of the 17-day event. That marked a 9% increase compared to the $1.62 billion NBCU generated during the 2016 Summer Games in Rio. However, Comcast did not confirm that it had made a...
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October 28, 2021
GFNY announces GFNY Ann Arbor
/ENDURANCE SPORTSWIRE/ - GFNY Ann Arbor is the latest addition to the GFNY Endurance Sports Series, making it the third GFNY cycling race in the United States. Scheduled for June 12, 2022, riders will get to ride a flat and fast 100-mile course through beautiful midsummer countryside. Located in the...
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October 28, 2021
First ever GFNY Marathon was held at birthplace of endurance sports in America
/ENDURANCE SPORTSWIRE/ - Last Sunday, October 24 marked the inaugural running event from GFNY Endurance Sports Series with GFNY Marathon Florida Sebring. The race couldn’t have started on more symbolic grounds than on the historic Sebring International Raceway, the “birthplace of endurance sports in America”. The illuminated race track just...
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October 27, 2021
Fitness Segment Boosts Garmin’s Revenue to $1.19B
Garmin reported $1.19 billion in third-quarter revenue Wednesday — with net sales for its fitness segment growing 4% to more than $342 million. During the first three quarters of 2021, the company’s net fitness sales increased 26% from the same period last year. Known for its GPS devices, Garmin is making strides...
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October 27, 2021
Shimano sales up 54% through first 9 months
Sales in Shimano's bicycle division were up 54% in the first three quarters of the company's fiscal year, compared to the same period last year. "Strong demand for bicycles remained at high levels in all markets, against a backdrop of the global cycling boom, triggered by the spread of COVID-19,"...
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October 27, 2021
Oblivious spectator run over in scary caught-on-camera cycling crash
Police are investigating a collision that occurred near the end of the Cicloturista Condaca Salmor Bike Race, which takes place in the Canary Islands, between an unnamed cyclist and a spectator who inexplicably crossed into the road. Video of the incident shows the woman looking down on her phone as...
