News Topics
December 7, 2023
Pierer announces agreements to sell its Felt Bicycle and Raymon brands
Pierer Mobility AG said it has agreements to sell Felt Bicycle, which it acquired in 2021, to a consortium led by a current manager. The Austrian motorcycle and e-bike company also has agreed to sell its Raymon e-bike brand to its founders, Susanne and Felix Puello, and focus on its KTM,...
December 7, 2023
Shimano bike parts ‘made by modern slaves’ sold to commuters
Shimano, a bicycle-parts manufacturer that supplies commuters and Tour de France competitors, has allegedly sold gears produced by ‘modern slaves,’ the Telegraph can reveal. The multi-billion pound Japanese company sources the components from a Malaysian supplier that has been accused of exploiting migrant workers from Nepal. The biking giant provides...
December 6, 2023
The ‘Super Shoe’ Will Thrive in 2024 — How Nike, Puma, New Balance and Other Running Brands Will Capitalize
The “super shoe” has been a dominant topic in run market conversations in recent years, and leading brands showcasing 2024 footwear at The Running Event (TRE) proved the best has yet to come. Last week at TRE, the annual trade show held in Austin, Texas, seemingly every company competing in...
December 6, 2023
Cyclists Race Up America’s Steepest Street
The Dirty Dozen is a very cool race format. Rather than being a mass start race, There are waves of riders who softly pedal between the hills and race on the climbs. It is sort of like a reverse enduro! The course is intense. Twelve hard efforts like that are...
December 6, 2023
Nike and Lululemon Post Epic Retail Traffic Surges on Black Friday
Lululemon will report fiscal third-quarter results after the market closes on December 7 and Nike will report fiscal second-quarter results after the market closes on December 21. Today, LULU shares are up 27x from its adjusted IPO price on July 1, 2007, while NKE shares are up 7.9x over the...
December 5, 2023
BowFlex Risks NYSE Delisting Over Low Market Cap
BowFlex, the Washington-based fitness equipment maker formerly known as Nautilus, has received notice from the New York Stock Exchange (NYSE) warning the company that it isn’t in compliance with continued listing standards, which requires it to maintain an average global market capitalization of at least $50 million over a 30-day...
December 5, 2023
Valencia Marathon to offer one million dollars for a world record
It’s no secret that the Trinidad Alfonso Valencia Marathon in Spain boasts one of the fastest courses and deepest marathon fields in the world. For the second consecutive year, the men’s and women’s winner in Valencia has recorded a time under 2:01 and 2:16. While Valencia isn’t part of the...
December 4, 2023
Xponential Fitness Acquires Lindora Weight Loss Clinics
Focused on weight management and metabolic health, Lindora clinics offer GLP-1s like Ozempic, IV drips, hormone replacement therapy, and cold laser therapy, among other treatments. Expanding its empire beyond exercise, XPOF will acquire Lindora’s intellectual property and take over 31 existing clinics, with plans to franchise the brand globally. Fitt...
December 4, 2023
Strava introduces messaging feature
As of Monday, the messaging feature will be available for all Strava users (on mobile only). Look for the speech bubble icon in the top right corner of the Strava home screen and group tabs. If you can’t find it, restart your Strava app and make sure you have version...
December 4, 2023
Brooks CEO Jim Weber and President Dan Sheridan on Fueling Growth in China and Europe, Tapping into the Retro Running Boom + More
Late last week, CEO Jim Weber and president Dan Sheridan spoke with FN on the final day of The Running Event (TRE), the annual running industry trade show held in Austin, Texas. During the event, Brooks revealed several products it expects to impress all types of running consumers throughout 2024,...