News Topics
February 13, 2022
Exercising right after vaccination can boost immune response
New research from Iowa State University has found a long bout of moderately intense exercise following COVID-19 or influenza vaccination can amplify the body’s immune response. The study showed 90 minutes of exercise immediately after vaccination increased antibody responses four weeks later. New Atlas
February 13, 2022
Peloton’s Ride to Greatness Is Now an Uphill Battle
Blackwells, which owns a collective 5% of Peloton, has been outspoken about its misgivings regarding Peloton’s management. Over the past year, Peloton has seen its share price erode roughly 76% amidst myriad issues ranging from the supply chain to pricing to safety. The cumulative mishaps seemingly came to a head...
February 11, 2022
Under Armour Reports $1.53B In Q4 Revenue
With a net income of $109.7 million, Under Armour saw revenue increases across the globe during the quarter, with help from higher prices of hoodies and leggings. North American revenue jumped 15% to $1.1 billion, with international revenue growing 3% to $461 million. Despite accessories sales falling 27% to $107 million, apparel grew...
February 10, 2022
Porsche acquires minority interest in Fazua e-bike drive system brand
Porsche announced Thursday plans to acquire a 20% stake in the German e-bike drive system manufacturer Fazua GmbH and also will partner with Pon Holdings' Ponooc Investment B.V. Bicycle Retailer
February 10, 2022
PTO price drop: Age-group entry fees cut by 50% after athlete feedback
The PTO (Professional Triathletes Organisation) has reacted swiftly to athlete feedback by slashing age-group entry fees for its marquee 2022 races. After only a few short weeks though the PTO Athlete Board has voted unanimously to reduce those prices. And on Thursday a statement confirmed they will be cut by...
February 10, 2022
Asics’ Revenues Climb 23 Percent In 2021
Asics reported that despite the effects of COVID-19, net sales increased 22.9 percent in its year ended December 31 due to strong sales in all regions, mainly driven by the Performance Running category and the Core Performance Sports category. The biggest regional gains were seen in North America, up 31.8...
February 9, 2022
Thule Q4 net sales up 15%, full-year 33%
Thule Group's fourth-quarter net sales increased 15% year-over-year, with 2021 net sales rising 32.7%, despite rising costs for raw materials, freight prices, and COVID-19 employee absenteeism. Bicycle Retailer
February 9, 2022
Daniel Benson appointed as new Editor-In-Chief of VeloNews
VeloNews, a leader in cycling news, race results and bike reviews, and owned by Outside Interactive, has confirmed the appointment of Daniel Benson as the media title’s new Editor-In-Chief. In his new role, Benson will be responsible for running the global editorial team, commissioning content, enhancing WorldTour coverage, and expanding...
February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...