All Fitness articles – Page 16
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News briefs
Echelon Fitness contemplates financial options
Echelon Fitness, a direct competitor of Peloton Interactive in the connected home fitness market, is evaluating new options to raise its valuation, according to Bloomberg, as its revenues are expected to more than double this year after rising by about 500 percent in 2020 to around $100 million. The options ...
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ArticleHow can home fitness and commercial fitness coexist?
Severely impacted by the Covid pandemic, which has led to their closure and to a boom in home fitness all over the world, fitness studios and other types of membership-based gyms are being led to establish new connections with the home fitness industry while looking for new sources of revenues. ...
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ArticleIFIT acquires the Sweat fitness platform
iFIT Health & Fitness, the leading American fitness equipment supplier formerly called Icon Health & Fitness, has acquired Sweat, an Australian-based online fitness training platform for women. According to the Wall Street Journal, which cites “people familiar with the matter,” the acquisition is preparatory to plans for an initial public ...
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Article
Fitness companies attract new investments
The strong trend in home fitness training, particularly in its internet-connected format, has continued to attract interest from investors in start-ups and other innovative companies that seem to deserve funding to sustain their growth. In the last few days alone, we got news on financial investments in three American companies: ...
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Short stops
June 30 Short Stops: Champion - Ecco – Life Fitness – Nike - Silva – Skechers - Sport England - Timberland
Corporate: +++ Silva, the Swedish brand of compasses, headlimps and other sports equipment, has been acquired by a private equity fund, Vardane, with offices all over Northern Europe (more in The Outdoor Industry Compass) +++ Ecco, the Danish leather and footwear supplier, has acquired a 30% stake in ...
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News briefsIcon Health & Fitness becomes iFit
Icon Health & Fitness has changed its corporate name to iFit Health & Fitness to assert the value of its proprietary connected fitness platform. In the words of the U.S. company’s founder, chairman and CEO, Scott Watterson, “we are elevating the name of our operating system.” This system channels live ...
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News briefs
WIT Fitness collaborates with CrossFit
WIT Fitness, a six-year-old online and offline multi-brand retailer based in London, has signed a global multi-year e-commerce and retail partnership with CrossFit. WIT will operate an online CrossFit store and support CrossFit with in-house products in the future. WIT has only two physical stores in London for the moment, ...
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News briefs
BH Fitness is expanding its football business
According to a report in CMDsport, BH Fitness hopes over the coming months to raise the number of its contracts with Spanish football clubs from five to nine. At present, the brand fits out the clubs of Atlético de Madrid, Athletic Club, Leganés, Eibar and Alavés-Baskonia. It has deals in ...
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News briefs
China Sport Show places fitness at center stage
This year’s China Sport Show, scheduled to take place at the National Exhibition and Convention Center in Shanghai on May 19-22, will have fitness equipment as its “main character.” The products for this segment will occupy more than 80,000 square meters out of a total exhibition area of 150,000 square ...
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News briefs
Technogym grows by 10.2%, with B2C home fitness up by 129.2%
Technogym reported a revenue increase of 10.2 percent to €128.7 million in the first quarter of 2021, with a growth of 13.1 percent in constant currencies. In terms of euros, they rose by 26.0 percent in Italy, by 1.3 percent in the rest of Europe, by 29.1 percent in Asia/Pacific ...
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Article
Home fitness momentum boosts Nautilus' results strongly
Nautilus, which is changing its financial year-end from Dec. 31 to March 31, reported a massive increase in net income to $20.4 million for the three months ended in March from just $2.2 million in the year-ago period, as revenues more than doubled to $206.1 million from $93.7 million. The ...
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News briefs
Jay-Z invests in at-home fitness company
Shawn Carter, the 51-year-old American rapper and business mogul globally known as Jay-Z, has invested in LIT Method, a fitness company specializing in at-home fitness training, through his venture capital firm Marcy Venture Partners. The financial details of the investment have not been disclosed. LIT Method is a Los Angeles-based ...
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Article
Fitness and Outdoor raise Garmin’s results
The current popularity of cycling and home fitness has proven to be an engine of growth for Garmin, which posted another strong quarter. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported a 25 percent sales gain to $1,072.3 million for the three months to ...
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News briefs
The Vaha fitness mirror enters the U.K. market
Vaha, a German start-up that launched an interactive mirror for home fitness in 2019, has announced its launch in the U.K. It is the first fitness mirror of the kind to be launched in the U.K., according to the company, referring to the competing systems by Lululemon and others. The ...
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News briefs
Macron gets involved in digital fitness
Macron has announced a three-year apparel partnership with Fitbook, a virtual community for fitness trainers to promote and manage activities, information and events related to the world of fitness. While Macron specializes in the development and sale of team sports jerseys, it is based in the Italian city of Bologna ...
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News briefs
Dish sues Peloton, Lululemon and Icon Health & Fitness over streaming technology
Connected fitness remains a hot issue in terms of intellectual property rights. Dish Network Corp. and its Sling TV division are suing Peloton Interactive, Lululemon Athletica and Icon Health & Fitness for allegedly infringing five patents for technology that improves the quality of video content on the internet through multi-bitrate ...
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News briefs
Unrest, a new French brand of sustainable fitness clothing
Unrest is the name of a new French brand of fitness apparel made with 100 percent natural and biodegradable materials that is set for a launch in September, after nearly three years of development. Founded by Lucile Trouette, the brand is working with a Portuguese textile supplier while the manufacturing ...
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Article
Technogym’s overall revenues drop by 24%, but home fitness jumps by 71%
Technogym reported revenues of €510 million for 2020, representing a decline of 23.8 percent from 2019. The home fitness segment, strongly driven by stay-at-home measures during the Covid-19 pandemic, saw revenues jump by 71 percent to €154 million. The strong performance of the home fitness segment, which accounted for 30 ...
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News briefs
The German fitness industry suffers a 24% decline in turnover
After more than 30 years of ongoing growth, the German fitness industry registered a 24.5 percent decline in turnover to €4.16 billion in 2020 as the Covid-19 pandemic heavily impacted gyms. The figures come from a report titled Eckdaten der deutschen Fitness-Wirtschaft 2021 [Tr.: Key data from the German Fitness ...
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ArticleISPO works on a B2B fitness show for Nov. 18-20
The ISPO Group is organizing a new international B2B event for the fitness sector at its Munich fairgrounds, to be held on Nov. 18-20. While it will feature exhibition stands, limited to 250 square meters in size, it is shaping up more and more as a high-level international convention with ...
