All Fitness articles – Page 18
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News briefs
Technogym supports fitness clubs’ re-opening
Technogym’s Mywellness platform will be offering additional features to assist fitness clubs in their re-opening phase. During the lockdown, fitness facilities were able to connect with their members via the Mywellness platform, which allowed them to offer digital coaching and remote support services. Members of the Mywellness community will now ...
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ArticleCoronavirus slows Technogym’s sales, but home fitness rockets
Lockdowns and store closures hit Technogym’s sales in the first quarter, although this was partly offset by higher sales of home fitness equipment, as more people exercised indoors. The Italian company’s total revenues dropped by 11.2 percent from the year-ago quarter to €116.8 million, or by 11.9 percent in constant ...
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Article
An excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
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News briefs
Decathlon sells fitness gear in supermarkets
Sporting goods stores are locked down in France and other countries, but supermarkets are not. While keeping warehouses open to service online orders in France and other countries, Decathlon has joined forces with Franprix, a French grocery store chain, in a test that can help people stay fit at home ...
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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News briefs
Peloton, the U.S. fitness brand, has launched a pop-up store...
Peloton, the U.S. fitness brand, has launched a pop-up store concept with Sport Schuster, the big Munich-based sports retailer. Since Nov. 20, the fitness brand has been presenting new indoor bikes with fixed screens in Sport Schuster's store in the center of Munich. Peloton is producing training content for the ...
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Article
Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to $243.1 ...
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Short stops
Wahoo Fitness has acquired Speedplay, a maker of high-performance bicycle...
Wahoo Fitness has acquired Speedplay, a maker of high-performance bicycle pedals based in San Diego, California
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News briefs
Frank van Ven has returned to Life Fitness, after a...
Frank van Ven has returned to Life Fitness, after a brief stint at Asics, to become vice president of international sales. He had been with Life Fitness for 23 years, running its international business. Tim McCarthy has also come back to Life Fitness, which was recently spun off by Brunswick ...
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News briefs
Fibo, the leading European trade fair for the fitness sector,...
Fibo, the leading European trade fair for the fitness sector, will continue to be held in the German city of Cologne through the year 2032. Reed Exhibitions Deutschland, the show's organizer, and Koelnmesse Ausstellungen, the venue, have agreed to an early, 10-year extension of their current agreement. The forthcoming edition ...
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News briefs
Fitbit, the San Francisco-based purveyor of fitness trackers, says it...
Fitbit, the San Francisco-based purveyor of fitness trackers, says it has struck a deal with the Health Promotion Board (HPB) of Singapore to use its products to realize the national health agency's aspirations for public health. The project, Live Healthy SG, fits within the government's Smart Nation initiative. Although Singapore's ...
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News briefs
Life Fitness has made a number of executive appointments. Chris...
Life Fitness has made a number of executive appointments. Chris Clawson has succeeded Jason Worthy as chief executive. Clawson was originally hired by the American gym-equipment brand in 1994 as an executive in product development. He worked there for ten years before departing for Matrix Fitness Systems, where he served ...
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Short stops
Life Fitness is the official fitness equipment partner for the...
Life Fitness is the official fitness equipment partner for the Wimbledon tennis tournament, which will come to an end on July 14
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News briefs
Go Sport has sold Tool Fitness to Netquattro, a French...
Go Sport has sold Tool Fitness to Netquattro, a French company specializing in the design and marketing of fitness equipment, training apparel and food supplements. Tool Fitness is a B2B and B2C online retailer of fitness equipment. Go Sport had acquired it in 2015.
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News briefs
Adidas and Ikea are collaborating to develop new home fitness...
Adidas and Ikea are collaborating to develop new home fitness solutions, with the purpose of increasing the number of “active homes” in which people can work out. Designers and product developers from both companies paid a visit to the homes of people in London, New York, Chicago and Shanghai in ...
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News briefs
Life Fitness has launched a digital advertising platform called Life...
Life Fitness has launched a digital advertising platform called Life Fitness Media. The system will enable the supplier of commercial fitness equipment to channel advertising through machines – notably cardio equipment – that it has already been sold to gyms, universities, hotels, corporations and other clients. The American company has ...
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Article
Brunswick sells Life Fitness to a PE firm
Unlike VF Corp., which has spun off its jeans business into a new company owned by its shareholders, Brunwick Corp. has chosen the alternative of a straight sale of its fitness division to a New York-based private equity firm, KPS Capital Partners, for about $490 million in cash, following the ...
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Article
Fitness weigh on Garmin’s gross margin
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
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Article
The European fitness boom continues
The European health and fitness market continued to grow strongly in 2018, according to an annual study conducted by EuropeActive, the European association that represents the sector in Brussels, in cooperation with Deloitte. The total number of fitness club members increased by 3.5 percent to 62.2 million. Throughout Europe, 9.4 ...
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News briefs
Matrix Fitness generated worldwide revenues of €466 million in 2018,...
Matrix Fitness generated worldwide revenues of €466 million in 2018, an increase of 21 percent from the previous year. The company's sales in the U.S. were particularly strong, growing by 26 percent for the year and by 40 percent in the fourth quarter. Matrix Fitness is the commercial brand of ...
