News Topics
March 13, 2024
Adidas North America Revenue Falls 25% In Q4
Adidas reported fourth quarter financial results on Wednesday that showcase the challenges the German sportswear giant continues to face amid the fallout from discontinuing its Yeezy line. Revenue for the three months ending Dec. 31 fell 8% to €4.8 billion ($5.2 billion based on current exchange rates) with a net loss of €359 million ($393...
March 13, 2024
On’s Co-CEO Says Paris Olympics Will Help Grow Brand Awareness
Despite a surprising loss in Q4, On Holding is looking towards the future, with a special focus on the Olympic Games in Paris this summer. In the fourth quarter, the Swiss running shoe brand posted a net sales increase in Q4 of 21.9 percent to 447.1 million Swiss francs. Sales came in around 1.5 percent...
March 12, 2024
Firearms to protect athletes in the Olympic Village?
Security is crucial to the organisation of the Games. At least 35,000 police officers will be deployed on the opening day, but there will also be the need to secure the various host cities, the various venues where the competitions will take place and any potential targets for terrorist attacks....
March 12, 2024
She’s 12. She runs an under-3-hour marathon. And she’s prepping for the 2028 Olympics
The 5-foot-tall sixth-grader placed second among all girls and women at the Ventura Marathon in February when she ran the 26.2-mile course in 2 hours 58 minutes, averaging less than 7 minutes per mile. Her goal this year is to run the fastest recorded marathon for a 12-year-old of either gender — she's...
March 12, 2024
ClassPass Expands Into Food & Beverage in Holistic Wellness Play
ClassPass has unveiled its latest innovation: the integration of food and beverage options into its bookable experiences. With tens of thousands of studios, gyms and spas already on the platform, ClassPass is now introducing ways for its members to refuel after workouts or wellness visits. ClassPass was acquired by Mindbody...
March 11, 2024
Lance Armstrong’s Next Ventures targets $100M 2nd fund
Famed cyclist-turned-GP Lance Armstrong is targeting $100 million for Next Ventures’ second fund. The new fund is San Francisco-based Next Ventures’ first raise in nearly five years. Its predecessor, a 2019 vintage fund that had targeted $75 million, closed on $50 million with an additional $10 million in special purpose vehicles....
March 11, 2024
Giant Group’s February Revenue Decline Worsens Sequentially
The Giant Group reported monthly revenues for February 2024 declined 27.2 percent to NT$4.14 billion, representing a return to deeper declines after a three month trend in improving performance. January sales were down 17.7 percent and the year-to-date results were down 22.4 percent to NT$8.94 billion. The February decline is...
March 11, 2024
‘We’re thinking about it’ – drone filming might be used at the Tour de France this year
The broadcast directors of the Tour de France are considering using drones to capture the race for television audiences this summer. The technology was used for the first time in a WorldTour event at Paris-Nice last week, where remote-controlled cameras followed the riders at over 60km/h in the team time...
March 8, 2024
Marathon cheat smears made my life hell, says editor of running magazine
An editor at a leading running magazine who was accused of cheating at the London Marathon has been cleared, saying she has “been through hell”. Kate Carter, the acting commissioning editor of Runner’s World UK, was accused of “unethical” behaviour after anomalies were spotted in her performances at two major events last...
March 8, 2024
Freeletics Closes $45 Million Funding Round with Superstar Investors
Digital fitness company Freeletics closed on a $45 million Series A funding round led by FitLab, Causeway Media Partners and Jazz Venture Partners, with participation from Courtside Ventures, Elysian Park Ventures, ward.ventures, and business strategist Tony Robbins. The investor group is affiliated with several professional sports franchises, including the San...