All Fitness articles – Page 3
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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 ...
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News briefsPeloton hires new CMO
Source: Peloton Leslie Berland Connected fitness company Peloton has hired Leslie Berland, the former CMO of Twitter, as its new chief marketing officer. She reports to CEO Barry McCarthy and joins the senior leadership team. Berland ended her six-year stint at Twitter in November, shortly after the ...
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News briefsLululemon creates chief merchandising officer position
Lululemon has named Elizabeth Binder its first chief merchandising officer. Most recently, Binder was chief product officer at Boden, a U.K.-based apparel company, which she joined in October 2020. Prior to that, she spent 12 years at Burberry and also held merchandising positions at J. Crew, Club Monaco and Ann ...
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News briefsAdidas launches new sportswear for women, backed by research
Adidas has expanded its women’s sportswear portfolio with new high-performance bras and leggings to offer women more purposeful and better performing sports underwear. The new collection was developed in collaboration with professor of sports science and physiological advisor to elite athletes, Jason White, and professor Joanna Wakefield-Scurr, head of the ...
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News briefsPeloton extends cooperation with Amazon to Germany
Peloton Interactive announced on Dec. 29 that select Peloton products are now available on the German Amazon store. The company had already announced the expansion of its deal with Amazon to Germany in November. Peloton products are also available in Amazon stores in the U.S. and U.K. As part of ...
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News briefsErgatta begins expansion into the German-speaking market
Ergatta, a U.S.-based gaming-based home fitness brand, announced that it began selling its networked rowing machine in Germany, Austria and Switzerland. Sales are live now, and orders will ship within 1-2 weeks of purchase. This announcement follows Ergatta’s recent expansion into the U.K., announced in October. Ergatta has an exclusive ...
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News briefsPeloton offers refurbished bikes in North America
As of Dec. 26, Peloton Interactive began offering refurbished bicycles in the U.S. and Canada at a discount of up to $500 over new bicycles. The program, called Peloton Certified Refurbished, offers models priced from $1,145 (refurbished Peloton Bike) and $1,995 (refurbished Peloton Bike+). According to the company, each refurbished ...
