All Fitness articles – Page 7
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ArticleNautilus reports Q4 loss as retail re-orders drop
Nautilus recorded an operating loss of $21.9 million against an operating profit of $39.7 million in the fourth quarter as retail re-orders were depressed. Gross margin slid to 17.5 percent from 38.3 percent, a factor that the company blamed on higher product costs, logistics, increased discounting, and additional investments in ...
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News briefsPlanet Fitness expands into New Zealand
Planet Fitness, an American franchisor and fitness center operator based in Hampton, New Hampshire, signed a territory development agreement with Castle Point Fitness NZ Ltd. to expand the brand into New Zealand. Castle Point is a joint venture between the founder of The Fresnel Companies, a U.S. investment firm with ...
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News briefs
Technogym partners with artist Elena Salmistraro
Technogym has partnered with Elena Salmistraro, a Milan-based product designer and artist, on a unique version of the Technogym Bench. The creative interpretation of the brand’s product for home workouts was unveiled as part of the Technogym Design Conversation event on April 27. The Italian artist designed the special bench ...
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ArticleXponential Fitness signs multi-brand master franchise agreement for Mexico
Xponential Fitness, Inc., the world’s largest franchisor of boutique fitness brands headquartered in California, announced the signing of a master franchise agreement in Mexico for its StretchLab, Rumble and AKT brands. The agreement provides the master franchisee with the ability to license at least 60 studios of the three brands ...
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ArticleBeachbody with losses in Q1, but above forecasts
The Beachbody Company, a U.S.-based subscription health and wellness company, reported total revenue of $198.9 million for the first quarter ended March 31, down 12 percent from 2021 and down 6 percent from 2019. Digital revenue was $81.7 million, down 14 percent from 2021; digital subscriptions were 2.46 million, down ...
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ArticlePeloton Interactive working to get wheels aligned as losses mount
Peloton Interactive’s bumpy ride to a turnaround that includes generating positive free cash flow in financial year 2023 is underway, but many paths remain to be taken before any destination is reached. CEO Barry McCarthy, a former Netflix CFO, has been on the job for exactly three months, and he’s ...
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News briefsCasall hires new CMO
According to Sportfack, Casall, the Swedish fitness and yoga apparel brand, has seen a 21 percent increase in sales in 2020/2021. Now the company is continuing its growth and announced that it is heading for another record year, with key growth markets said to be Norway, Spain and the DACH ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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News briefsWahoo acquires RGT Cycling and launches Wahoo X subscription service
U.S. company Wahoo Fitness has added the virtual cycling platform RGT Cycling (now Wahoo RGT) to its ecosystem of training and community connection solutions. Wahoo RGT is a virtual cycling simulator platform using detailed virtual roads, to be cycled alone or with others. Routes can be picked either from a ...
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ArticleFIBO is back and the fitness industry is moving again
51,270 visitors attended the world’s largest fitness trade show, FIBO in Cologne, from April 7 to 10, according to the organizers. Internationally, the show was able to attract experts from 109 countries, including Italy, Spain, France, the U.K. and Poland, South Africa, Australia and Brazil, and from Israel and the ...
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News briefsNew Wave Group expects to beat Q1 market expectations
Sweden-based New Wave Group, which owns brands such as Craft and Cutter & Back and distributes several others, said in a press release that it is forecasting higher sales and earnings than the market expectations for the first quarter. On April 12, New Wave said its operating profit for the ...
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News briefsFIBO presents winners of the Innovation & Trend Awards 2022
Six categories, seven winners: for the first time, there was a tie in one category at the FIBO Innovation & Trend Awards 2022. The winners were announced during the European Health and Fitness Forum, which saw a high face-to-face attendance after two years of absence due to the pandemic. Here ...
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News briefsGymshark plans global restructuring in preparation for expansion
According to various media reports, Gymshark is restructuring its business, a move that most probably will lead to the loss of jobs globally. The brand is reportedly undergoing the restructuring process to improve cross-functional working, guarantee localized accountability, remove duplication and ensure efficiency in teams, processes and systems. As a ...
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News briefs
iFit formally withdraws initial public offering
iFit Health & Fitness, the U.S. connected fitness company, has formally withdrawn its registration statement for an initial public offering, a plan it suspended last fall, citing difficult market conditions. The company applied to the U.S. Securities and Exchange Commission (SEC) for a credit for registration fees paid. A month ...
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News briefs
Peloton heads to ITC in dispute versus iFit
Peloton, like iFit, has extended the legal battle between the two fitness companies to the International Trade Commission (ITC), which has agreed to investigate allegations that iFit and its brands infringe Peloton’s intellectual property. iFit filed its own ITC complaint against Peloton in February; that investigation is still ongoing. Peloton ...
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News briefsUYN opens first flagship in Germany
The Italian brand UYN (Unleash your Nature) has opened a brand shop inside Germany’s renowned KaDeWe in Berlin, a 60,000-sqm department store. UYN’s 200-sqm brand space is located on the fourth floor in the sports brand environment, featuring its shoe collection and its running, fitness and outdoor lines. UYN is ...
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News briefs
Centr, Inspire Fitness merger has Hollywood, Amazon components
The Aussie actor who plays Thor and the brother of Amazon founder Jeff Bezos have teamed up to create a new health and wellness platform with global aspirations. HighPost Capital, a private equity firm led by David Moross and Mark Bezos, has acquired Centr, a digital fitness platform founded by ...
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ArticleU.S. activewear brand Vuori expands into Europe, Australia and Canada
California-based activewear brand Vuori is launching in the U.K., France, Germany, Ireland, the Netherlands, Australia and Canada, marking the first steps in a global rollout announced in late 2021. Consumers in these countries will be able to purchase the brand’s products from country-specific brand web stores. In select markets, Vuori ...
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News briefsFitnessConnected, therapie München and ISPO Munich cooperate
In November, FitnessConnected and therapie München will coincide at the same time as ISPO Munich. The cooperation of the three trade shows includes clear focal points: FitnessConnected will concentrate on the topic of “commercial fitness” in a dedicated trade show hall, ISPO Munich will feature the topic of “home fitness” ...
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News briefsiFIT launches iFIT Adventures, offering real-life excursions to iFIT workout destinations
iFIT, a specialist in connected fitness software, content and equipment, has announced the launch of iFIT Adventures, a new series of in-person travel fitness experiences that allow members to explore destinations around the globe. iFIT Adventures, led by iFIT’s in-demand trainers, are all-inclusive travel experiences that enable members to move ...
