All Fitness articles – Page 17
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News briefs
Echelon Fitness expands into France and Germany
Echelon Fitness, the American producer of connected bikes, treadmills, rowers and fitness mirrors, is launching Echelon Fit France and Echelon Fit Germany this month. Patterning them after its business in the U.S., the new entities will be producing live and on-demand coaching programs in each country’s language and at studios ...
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Garmin’s fitness and outdoor sales surge
Robust demand for advanced wearables and cycling products helped Garmin to post record results for the fourth quarter of 2020. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent to $1,351 million for the 13 weeks to ...
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Jeff Veldhuizen to lead Expresso Fitness
Jeff Veldhuizen, a former Zwift and Nike executive, has been chosen as the new CEO of Expresso Fitness, an immersive and fun American fitness platform, mounted on special stationary bikes, that claims to be “the most advance gamified cardio for your home.” . Veldhuizen, 44, previously served as vice-president of ...
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Stride introduces a “multi-use connected fitness machine”
A Taiwanese start-up, Stride, has introduced a machine for the “space-constrained” and “motivationally challenged.” Its Transformer is described as a “multi-use connected fitness machine” that provides biking, running and rowing modes as well as strength cables, but takes up no more room than a treadmill. Sensors in the Transformer feed ...
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Matrix Fitness will use the iFit platform
Matrix Fitness, the commercial fitness equipment brand owned by Johnson Health Tech (JHT), will equip the touchscreen consoles of its new machines with the iFit connected fitness platform of Icon Health & Fitness. The partnership will give the users of Matrix’ machines access to the iFit library of workouts and ...
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Under Armour completes the sale of MyFitnessPal
Under Armour has announced that it has completed the sale of the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses and headquartered in San Francisco. As previously announced by Under Armour in a news release on Oct. 30, the sale has a transaction value of ...
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Apple is releasing its Fitness+ app
Apple has announced that its Fitness+ app is set for release on Dec. 14 in a limited number of countries around the world, including the U.K. and Ireland in Europe. The new app incorporates metrics from the Apple Watch (from monitoring the user’s heart rate, to personalize workouts), and brings ...
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Technogym partners with Saudi Arabia’s largest fitness chain
Technogym has agreed a five-year agreement with Fitness Time, the largest network of sports and fitness clubs in Saudi Arabia, with a staff of over 2,600. The contract makes the Italian fitness company Fitness Time’s exclusive supplier for all its 138 existing clubs and future ones across the Kingdom of ...
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Nautilus reaches record profits thanks to home fitness
As numerous gyms temporarily closed due to Covid-19, Nautilus experienced strong year-over-year sales increases in the third quarter with customers shifting to home equipment. New customer acquisition was up seven times during the quarter, leading the demand for many of the company’s home fitness products to continue to outpace the ...
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Under Armour divests MyFitnessPal, will discontinue Endomondo
Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become a stand-alone company. ...
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ArticleTechnogym wants home fitness to generate half of €1 bn in sales
In reporting a 53 percent increase to €98 million in its home fitness segment for the first nine months of this year, Technogym said that its board of directors has approved a new three-year business plan, called Technogym At-Home, that calls for a doubling in the segment’s revenues from a ...
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ArticleMarine, Fitness, Outdoor products drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
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Nautilus sells Octane Fitness
True Fitness Technology acquired Octane Fitness from Nautilus for $25 million on Oct. 14, assuming $3 million in warranty liabilities and $0.5 million in vendor recourse lease obligations. The chief executive of Nautilus, Jim Barr, says in the company’s press release that the sale should “streamline our operations and accelerate ...
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ArticleFunding round values Icon Health & Fitness at $7bn
Icon Health & Fitness got a valuation of more than $7 billion in a new $200 million round of financing which, according to Bloomberg, may be followed by a public offering of its shares in 2021. Founded 43 years ago in Utah with Mormon capital, Icon is the parent company ...
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Defying Apple, Peloton sees itself as the fitness industry’s Netflix
At an investor day held after the release of exceptionally strong financial results, Peloton Interactive said it felt that it could hold its own against competitors like Apple with its subscription-based model and its vertical integration to deliver a total fitness experience, creating a global community of consumers who want ...
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Horizon Fitness to release new treadmill line
Horizon Fitness, a subsidiary of Johnson Health Tech of Taiwan, has announced its 2020 Studio Series of treadmills: the 7.0AT, 7.4AT and 7.8AT. All three models can connect by Bluetooth to any of the major subscription streaming services and apps for exercise, among them Peloton and Zwift. In the summation ...
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ArticleTechnogym prioritizes DTC and home fitness
The big Italian-based fitness equipment supplier is shifting its focus from the gyms to the consumer after booking a 50 percent sales increase in its relatively small Home & Consumer segment for the first half of this year, as more and more people performed their workouts at home rather than ...
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ArticleGarmin thrives thanks to home fitness and cycling boom
Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...
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Under Armour reportedly puts up a fitness app for sale
Under Armour is reportedly looking for an investor to take over MyFitnessPal (MFP), a food consumption and exercising app and website that it bought for $475 million in 2015, at around the same time as Adidas’ $220 million acquisition of Runtastic and Asics’ $85 million buy of Runkeeper. MFP offers ...
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Nautilus to focus on home fitness
Nautilus has hired an investment banker, William Blair, as an adviser to find a buyer for its commercial Octane Fitness business. It bought Octane for $115 million in 2015 to broaden its range of fitness equipment for the clubs, while adding a line of higher-end elliptical machines for the home. ...
