All Fitness articles – Page 7
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News briefsTonal offers trade-in program after Lululemon discontinues Mirror
Tonal, an intelligent home gym with a personalized approach to strength training, announced “Mirror Trade-In,” a trade-in program that offers customers of Lululemon Studio Mirror hardware the opportunity to replace their discontinued Mirror device with a Tonal device. Lululemon stopped selling Mirror hardware and announced it would stop producing new ...
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News briefsBODi announces $5.3m registered direct offering
California-based subscription health and wellness company The Beachbody Company (BODi) has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 543,590 shares of the company’s common stock (or common stock equivalents) at a purchase price of $9.75 per share of common stock ...
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ArticleLululemon eyes men’s, footwear as key growth opportunities
Lululemon, which last week called its early holiday sales “strong” and forecasted total Q4 revenues of $3.14 to $3.17 billion, intends to put extra attention on the men’s business and launch footwear for him in 2024. While the brand’s Q3 men’s sales increased by 15 percent, the group admitted men’s ...
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News briefsUnder Armour opens two new stores in Italy with Oberalp
Oberalp Group, the exclusive distributor of Under Armour in Italy, has recently opened two new Under Armour stores in the country. There’s a new Under Armour Brand House at the new Merlata Bloom shopping mall near Milan since Nov. 15, with 140 sqm focusing on training, running and sportstyle. In ...
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News briefsHyosung partners with Santoni and Tefron on seamless apparel
Sustainable textile solutions provider Hyosung is collaborating with two of the leading global seamless companies, Tefron and Santoni, to introduce a new generation of sustainable sportswear and seamless apparel made with its certified and multi-functional yarns. The three companies unveiled their collaborative product at ISPO Munich 2023. Santoni introduced its ...
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News briefsXponential acquires metabolic health brand, partners with fitness and dance platform
Xponential Fitness has agreed to acquire the metabolic health brand Lindora. Under the terms of the transaction, Lindora’s 31 clinics will become Xponential franchise locations, and Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally. The transaction is expected to close in early 2024. Founded ...
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ArticleSports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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News briefsUnited Sports Brands acquired by private equity firm
California-based United Sports Brands (USB), the parent of Pearl Izumi, Shock Doctor, McDavid, Cutters, Nathan and Glukos, has been acquired by US private equity firm Norwest Equity Partners. The transaction closed on Nov. 20, 2023, and financial terms were not disclosed. Norwest’s history with USB brands dates ...
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News briefsActive Brands promotes Øystein Bråta to new CEO
Source: Active Brands via Norsk Sportsbransjeforening Øystein Bråta Active Brands, the parent company of brands such as Kari Traa, Sweet Protection, Dæhlie, Johaug and Bula, has promoted Øystein Bråta to the role of CEO. He succeeds Christophe Merkel, who has been appointed Chairman of the Board after ...
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News briefsOn presents apparel collection made from carbon emissions
Source: On Pace Tank The release of the new Pace Collection is a significant moment in Swiss sportswear brand On’s journey to move away from petroleum-based resources after creating a new material called CleanCloud, made using carbon emissions as a raw material. With CleanCloud, On aims to ...
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News briefsNew sustainable Lycra fiber
The Lycra Company announced the launch of the new Lycra FiT400 fiber for knits, which helps set the stage for circularity, a key priority for the company. Lycra’s latest EcoMade offering is a bicomponent fiber engineered to optimize the performance and comfort of knits. According to the company, it delivers ...
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News briefsZwift introduces new e-sports competition
After losing the hosting of the Esports World Championships to competitor MyWhoosh, Zwift has announced that it will host the “largest cycling e-sports event ever held”: the “Zwift Games,” a new multi-format competition open to the entire cycling esports community. The Zwift Games are designed to give every cyclist the ...
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News briefsReebok adds world champ boxer to its roster
As part of its strategy to reclaim its position in sports culture, Reebok has announced a new sponsorship deal with world champion boxer Shakur Stevenson. The partnership centers around “Move Like Shakur”, a collection of footwear, apparel and accessories for the gym, home and more. The custom boxing boots for ...
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News briefsAthleta introduces new experiential fitness series for women in the US
Athleta, a brand of Gap Inc., announced a new experiential fitness series for women, Move with Athleta, beginning Nov. 16 in New York City and continuing through 2024 in cities across North America, including Los Angeles, Miami, Boston and San Francisco. The series is rooted in Athleta’s ...
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ArticleUnder Armour drops FY sales outlook on continued US woes
Under Armour is now forecasting annual revenues to decline by 2 to 4 percent, down from prior guidance of “flat to up slightly,” but gross margin to improve by 100 to 125 basis points instead of a 25- to 75-basis-point increase. The group’s outlook on FY operating income remains in ...
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News briefsXponential Fitness appoints President of International, scores global multi-brand deals
Xponential Fitness, Inc. a global franchisor of boutique fitness brands, announced several milestones in the company’s international expansion initiatives. In the first instance, Bob Kaufman was named President of International to lead Xponential’s international expansion plans for all of its brands. Kaufman has more than 25 years of industry experience ...
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News briefs65 years of Lycra fiber: The Lycra Company and Mare Di Moda together again
Source: The Lycra Company Lycra Adaptiv Black The Lycra Company returns once again as an official partner of the Mare di Moda trade show in Cannes (Nov. 7-9, 2023) in the 65th Anniversary Year of its Lycra fiber. The Lycra Lounge will be the place to discover ...
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ArticlePeloton Interactive aims to spin in right direction, but share price dips
After reporting solid Q1 results at or above expectations, Peloton Interactive has set its sights on revenue growth acceleration and substantial positive free cash flow in H2, bolstered by the anticipated relaunch of its Tread+ treadmill, continued expansion of its bike rental program and higher sales contribution from international markets. ...
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AnalysisMarket Analysis: The sports equipment market 2022
Our annual summary compares the 2022 and 2021 global revenue and market-share development of 39 companies and brings you a breakdown via sector.
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ArticleGarmin with strong Q3 results
Bolstered by double-digit percentage growth in revenue, operating income and net income and record Q3 sales in four of five segments, Garmin reported a 12.9 percent increase in operating income to $270.4 million for the period ended Sept. 30 as net income came in 22.0 percent higher at $257.2 million ...
