All fitness & wearables articles – Page 6
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News briefsAmazon winds down its line of Halo health and fitness devices
Amazon has announced that it will stop supporting Halo, effective July 31, 2023. In practical terms, it means that beginning on Aug. 1, 2023, Halo devices and the Halo app will no longer function. The decision was due to “significant headwinds, including an increasingly crowded segment and an uncertain economic ...
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ArticleGymshark FY results impacted by discounting, restructuring costs
U.K.-based sportswear company Gymshark realized a 38 percent decline in annual profit to £22,529,000 (€25.5m) versus £36,497,000 for the FY ended July 31, 2022. Ebit slid by 39 percent to £27,837,000 (€31.5m), and annual operating profit was down by 37 percent to £29,561,000. The company generated lower profitability despite ...
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News briefsH&M Move partners with LanzaTech for capsule made from captured carbon
H&M Move has collaborated with carbon capture company LanzaTech to create a clothing line made in part from captured emissions. In three simple steps, Illinois-based LanzaTech captures carbon emissions from steel mills, traps them in bioreactors and converts them into the same components used to make conventional polyester. This revolutionary ...
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News briefsTonal raises fresh money and appoints new CEO
Source: Tonal Krystal Zell, new Tonal CEO Tonal, a celebrity-backed home fitness startup, has raised $130 million in a new round of funding. The struggling connected home exercise equipment company plans to use the new capital to strengthen its balance sheet and boost sales growth in the ...
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News briefsWattbike appoints Stephen Loftus as new CEO
As previously reported, Wattbike recently appointed Greg Nieuwenhuys as its new chairman. The U.K.-based specialist in indoor bikes has now announced another leadership change, with Richard Baker stepping down as the company’s CEO. Baker will remain involved with the brand as a special advisor to the board. Stephen Loftus, most ...
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News briefsKettler expands home fitness equipment rental service
Kettler Sport now offers its “Rent a Kettler” service in Switzerland and Liechtenstein. The service was first introduced in Germany in November of last year. For Switzerland and Liechtenstein, the fitness company is cooperating with RNTL, which has specialized in the logistics and organization of similar rental services since 2020. ...
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News briefsKane Footwear turns used shoes into yoga mats
Kane Footwear has launched Project Renew, a new upcycling program where customers can return used Revive slip-ons and have them transformed into yoga and changing mats. Kane is partnering with Lavarubber for the program. Customers in the U.S. request a prepaid shipping label on Kane’s website, and the shoes are ...
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News briefsTechnogym announces partnership with Paris 2024
Technogym has become Official and Exclusive Supporter of cardio, strength and functional training equipment for the athletic preparation of the athletes who will compete in the Paris 2024 Olympic and Paralympic Games. The Italian fitness equipment brand will equip 29 training centers in Paris for the athletes to train prior ...
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News briefsRouvy and Challenge Family athletes raise $30,000 for Turkey and Syria
In the wake of the devastating earthquakes in Turkey and Syria, more than 8,700 Rouvy and Challenge Family athletes helped raise $30,000 for the Red Cross to support those affected. The cyclists had two weeks to complete the virtual ride on Rouvy’s indoor cycling platform, with the amount raised depending ...
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SponsoredWearable Technologies Conference to take place in Munich
The focus of the 43rd Wearable Technologies Conference Europe, to be held in Munich, has been announced. This year’s event focus will be on three topics: “Augmentation of Humans,” “Deep Tech and Innovation,” and “Enabling the Future of Healthcare.” As part of the latter, conference goers from the sporting goods ...
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News briefsAdidas partners with Rheon for new high-tech workout apparel
Source: Adidas Adidas Techfit Control with Rheon super polymer For Spring/Summer 23, Adidas is launching the new Adidas Techfit Control apparel line in collaboration with Rheon Labs, the company behind Rheon, an energy-absorbing “super polymer.” The latest high-tech collection combines Adidas’ material constructions with the intelligent polymer ...
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News briefsAthleta brand now available in the U.K. on next.co.uk
Sports and activewear brand Athleta is now shoppable in the U.K. and Ireland via Gap Inc.’s joint venture with Next. Athleta offers 100 styles ranging from joggers and sweat tops to shorts, sports bras, leggings, tank tops and waterproof outerwear on next.co.uk. Gap acquired Athleta in 2008. The joint venture ...
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News briefsPolar shares fitness algorithms with partners, first collab with Casio
Polar announced a groundbreaking move in the wearables industry, with the Finnish fitness software and product provider making its fitness algorithms available to partners. Polar has led the industry for nearly 50 years, maintaining a gold standard in heart rate measurement technology. Polar’s current professional solutions offered to partners provide ...
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News briefsWeSports completes acquisition of Kraftmark
Stockholm-based group WeSports, through its subsidiary Vartex – a Nordic provider of fitness equipment and services – announced today that it has completed the full acquisition of the Swedish fitness and sporting goods company Kraftmark. WeSports acquired the Kraftmark brand and its trademarks in October 2022. When Kraftmark’s Swedish distribution ...
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News briefsNational Cycling League enters strategic partnership with Wahoo Fitness
The U.S. National Cycling League (NCL) announced a two-year strategic partnership with endurance athlete fitness technology company Wahoo Fitness. The NCL’s two mixed professional cycling teams – the Denver Disruptors and the Miami Nights – will train and compete exclusively with Wahoo products and software. In addition, Wahoo will sponsor ...
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ArticleGarmin operating income dips in Q4, eyes $5 billion in FY23 sales
Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...
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News briefsSuunto with new head of brand
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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ArticleNautilus sees lower retail order trend continuing
The fitness company, which has reduced its workforce by 15 percent and is lowering its annual expenses by $30 million, expects lower levels of retail re-orders that hampered Q3 revenues to continue through the first half of 2023.
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News briefsZwift raises $620 million from backers
Zwift has raised $620 million from backers including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings. According to Bloomberg, Zwift expects these investments to enable it to increase subscription prices, reach the milestone of ten million subscriptions (from roughly one million), take the company public and eventually invest in ...
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News briefsWhat the Adidas and Les Mills partnership is about
Adidas and Les Mills have joined forces to shape the future of training. The collaboration aims to offer adiClub’s 300 million plus members a personalized approach to fitness, both live and digital, as well as exclusive benefits and immersive experiences. The latest high-performance training apparel, footwear and accessories from Adidas ...
