News Topics
November 5, 2021
Peloton freezes hiring after it slashes its forecast and shares drop 35%
Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned. The news comes a day after after Peloton slashed its full-year outlook amid slowing momentum for its fitness products. Peloton dropped 35% on Friday, wiping off more than $9 billion off its market value....
November 5, 2021
Fleet Feet Snaps Up JackRabbit, Sprints Ahead in Specialty Run
Fleet Feet has agreed to acquire JackRabbit from affiliates of CriticalPoint Capital. The acquisition was announced today, and Fleet Feet said via statement the transaction is expected to close in early December. The transaction, according to Fleet Feet, includes all JackRabbit brick-and-mortar locations, which spans 15 states, as well as...
November 4, 2021
Father breaks world record for longest triathlon in undisturbed 30 hours
A dad has broken the world record for the longest triathlon in a staggering 30 hours of swimming, running, and cycling in one go without breaks. Dad of two Ian Lambert ran, swam and cycled a combined to an epic 220 miles, beating the previous Guinness World Record of 180 miles....
November 3, 2021
Strava Appoints Lily Yang as Chief Financial Officer
ang will be responsible for overseeing the finance and legal organizations to support Strava's continued growth and business in over 195 countries worldwide. Prior to joining Strava, Lily served as Chief Accounting Officer at Pinterest, where she drove performance and profitability initiatives, partnering with key stakeholders to launch in 30...
November 3, 2021
Tuck Bike literally reinvents the wheel w/ full size folding bike AND folding wheels!
File this under things I didn’t expect to be writing about today—a full-size folding bike that also includes folding wheels. That’s right, the new Tuck Bike has wheels (and tires) that fold up into thirds. That makes it possible to create a full-size bike that folds down into the size of...
November 3, 2021
Cardio Before Weight Lifting May Help Boost Muscle
Riding or running before you lift weights could amplify the effects of the lifting, according to a helpful new study of the molecular impacts of combining endurance and resistance exercise in a single workout. Scientifics Reports
November 2, 2021
Nike Trademark Hints at Metaverse Sneakers
More than one major company is going meta: Nike appears to be gearing up to offer its branded sneakers and apparel in virtual environments. The company filed a trademark application for its signature swoosh logo and “Just Do It” slogan in “downloadable virtual goods, namely, computer programs featuring footwear, clothing, headwear, eyewear, bags …...
November 2, 2021
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter. Sales of $1.5 billion were just ahead of Wall Street’s consensus target of $1.48 billion. Adjusted earnings of 31 cents...
November 2, 2021
Industry leaders co-sign pledge to reduce and report on climate impact
Industry leaders from some of the cycling world’s largest brands have signed a Shift Cycling Culture climate pledge to reduce and report on the impact of operations as part of a drive to bring about more sustainable business practices. Among the signatories you’ll find the CEOs of Dorel Sports, Schwalbe,...
November 2, 2021
Does the future of US racing include jerseys with rider names and numbers?
Into the Lion's Den provided a regional-teams blueprint of what promoters say is the way forward for criterium racing. Velo News