All Fitness articles – Page 2
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News briefsNautilus sells namesake trademark, pays down debt
Nautilus, Inc. has completed the sale of non-core assets, including the Nautilus brand trademark assets and related licenses, for approximately $13 million. The connected home fitness solution company used the net proceeds from the divestiture to pay down part of its term loan. Additionally, the Bowflex parent has improved the ...
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News briefsRussian market lost nearly 20% of fitness equipment suppliers
Since March 2022, almost every fifth fitness equipment supplier from Europe and the U.S. has curtailed operations in the Russian market. Currently, a large share of fitness equipment is imported to the Russian market through parallel import schemes, a study conducted by the Russian National Fitness Community (NFS) showed. For ...
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News briefsTechnogym results driven by B2B, North America
Annual operating income increased by 4.9 percent to €82.8 million from €78.9 million for Technogym as the Italian company realized 14.9 percent constant-currency revenue growth to €721.5 million, driven by expansion in the business-to-business sector. Sales to consumers declined by 9.0 percent year-over-year to €165.4 million from €181.7 million but ...
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News briefsWattbike appoints Greg Nieuwenhuys as new chairman
Wattbike, the U.K.-based specialist in indoor bikes, has announced the appointment of Greg Nieuwenhuys as its new chairman, effective immediately. Nieuwenhuys is currently chairman of Mammut Sports Group. He was previously CEO of U.K. retailers Cotswold Outdoors, Snow+Rock and Runners Need. He also led Bever, the largest outdoor retailer in ...
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News briefsAdidas to discontinue Runtastic App
Adidas is discontinuing its training app Runtastic, according to German online magazine Business Insider. Adidas acquired the Austrian startup, which launched in 2009, in 2015. Scott Dunlap, CEO at Runtastic & VP mobile at Adidas, who was appointed to succeed co-founder and CEO Florian Gschwandtner at Runtastic in 2019, has ...
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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 briefsBeachbody’s connected fitness sales tumble
U.S.-based subscription health and wellness company Beachbody’s connected fitness sales fell 87 percent in Q4 to just $4.75 million, down from $36.80 million a year ago. For the full year, revenue fell 11 percent from $42.74 million to $38.19 million. The cost of sales still far exceeds revenue, with $10.54 ...
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ArticleXponential Fitness posts operating profit in Q4, FY22
Xponential Fitness, the global franchisor of boutique fitness brands, reported Q4 operating income of $2.6 million against an operating loss of $26.9 million for the period ended Dec. 31. The Q4 net loss was $367,000 against a loss of $29.8 million. Total revenues rose by 44 percent to $71.3 million ...
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News briefsXponential Fitness appoints first chief legal officer
Xponential Fitness, Inc., the world’s largest franchisor of boutique fitness brands, announced the appointment of Andrew Hagopian as the company’s first chief legal officer, effective March 1, 2023. Hagopian began his career as a staff attorney at Gibson, Dunn & Crutcher. He then served in various internal roles at MGM ...
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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 briefsFitnessBoutique introduces an exercise bike made in France
FitnessBoutique is introducing an exercise bike manufactured in France, Sport Guide has reported. French-based FitnessBoutique, part of N4Brands, is a retail company specializing in fitness equipment and food supplements that sells both online and offline. The new home bike, which will start retailing in March, is dubbed André Martin after ...
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News briefsMP Activewear premiers HIIT-collection with Polygiene
U.K. company MP Activewear is launching a new high-intensity interval training (HIIT) collection featuring the Polygiene Stayfresh technology. The gym apparel range called Tempo Ultra aims at customers looking for high-performance fabrics, a bold look and the bonus of skipping washes due to the anti-odor treatment by Polygiene. ...
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News briefsTechnogym introduces indoor bike for several connected training apps
Technogym has announced the launch of Technogym Ride in the U.S. market. The Technogym Ride is the first bike with a 22-inch screen that allows users to easily access their favorite training apps and content with a single login, including Zwift, Strava, Rouvy, Training Peaks, and entertainment apps such as ...
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News briefsTonal is reportedly looking for fresh funds or possibly a buyer
According to an exclusive report by The Information, Tonal, a celebrity-backed home fitness start-up, has explored options, including a sale. According to the report, the company spent heavily last year on new brick-and-mortar showrooms, new hires and marketing, including a commercial featuring Serena Williams, and has been trying to cut ...
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ArticleGrosz appointed CEO of Precor
Peloton’s board of directors has appointed Dustin Grosz as chief executive officer of Precor, a wholly owned subsidiary of Peloton, effective immediately. Grosz had served as interim CEO since Dec. 12, 2022. He brings more than 30 years of experience in the fitness industry. He will report to Dion Camp ...
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News briefsUnder Armour announces three new brand stores in Britain
After reporting 33 percent growth in the EMEA region earlier this week, U.S. brand Under Armour (UA) has announced the opening of three new brand-owned stores in the U.K. over the next few months: Liverpool ONE, Liverpool: February Battersea Power Station, London: February Stratford Westfield, London: March ...
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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 ...
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News briefsSportmaster launches winter gear rental service
Sportmaster, Russia’s largest sporting goods retailer, has launched a new winter equipment rental service. Available items include snowboards, cross-country skis, skates and field hockey equipment. For example, a Termit Fastlane snowboard with Stream bindings can be rented for 310 rubles (€4.20) per day or 5,850 rubles (€78.70) per month. Nordway ...
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News briefsGymshark taps CSCO from Lacoste
British fitness community and activewear brand Gymshark has announced the appointment of Laurent Madelaine as its new chief supply chain officer (CSCO), a new position within the company. Madelaine joins Gymshark after more than five years at Lacoste, where he was EVP of operations for the last three years, responsible ...
