Fitness – Page 3
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ArticleAdidas to close offices of sports app developer Runtastic in Austria
The closure affects 170 employees as part of the German company’s strategic shift to centralize digital operations.
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Case StudyDecathlon: The ugly duckling becomes a swan?
There is hardly a company in the sports retail sector that is met with such mixed feelings as the French sporting goods manufacturer Decathlon.
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News briefsSian Keane joins Gymshark as CPO
The new Chief People Officer joins from Farfetch, where she most recently held the same role.
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News briefsPacSun appoints new CFO to drive growth
The US retail clothing brand named Jimmy Buenrostro as new CFO, aiming to leverage his extensive retail finance experience to enhance strategic growth initiatives.
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ArticlePeloton won’t chase unprofitable subscribers as CEO search continues
In Q4 ended June 30, the group reported flat year-over-year revenues at $643.6 million versus $642.1 million.
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News briefsPeloton partners with Fitbit
The partnership boosted Peloton’s share price by 12 percent.
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ArticleDeckers divests Sanuk
Canadian athleisure brand Lolë bought the footwear brand for an undisclosed sum and announced Katie Pruitt as its new GM.
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ArticleFitness, automotive segments drive Q2 sales at Garmin
Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2.
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ArticleSexual harassment and social beauty norms keep women from exercising
A representative study by the Munich-based fitness company shows that almost half of all women are sexually harassed while working out.
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ArticleColumbia reports Q2 loss, but brand awareness rises in Europe
Columbia Sportswear’s guidance for the full year remains unchanged despite a loss in the second quarter.
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News briefsIrina Shayk celebrates ‘Parisian lifestyle’ with H&M activewear
H&M’s activewear label Move has launched a new women’s collection, inspired by a sporty Parisian lifestyle and fronted by a supermodel.
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News briefsLululemon accused of greenwashing
Lululemon is being sued over its Be Planet marketing campaign in a proposed class action lawsuit.
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News briefsGymshark open up new London flagship store
British multinational sports apparel retailer Gymshark has opened its second flagship store in Stratford.
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News briefsLululemon victorious in court against Nike
Once again, The United States Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) sided with Lululemon and canceled claims in two Nike patents that cover methods for calculating fitness scores from sensor data. The board ruled five claims of patent number 10,188,930 and eight claims of patent number ...
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News briefsGarmin promotes two executives to newly created COO role
Garmin announced today that Patrick Desbois and Brad Trenkle have both been appointed to the newly created role of co-Chief Operating Officer, effective July 1, 2024. Source: Garmin Patrick Desbois Desbois will provide executive oversight for Garmin’s aviation and auto OEM segments, global supply chain and operations, ...
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ArticleTaiwan’s fitness equipment giant Dyaco opens e-bike factory
Around two years ago, Taiwanese fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its own young e-bike business, including the newly created e-bike brand Cikada. Because the Iuvo factory was located on ...
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News briefsGymshark launches “We Do Gym” marketing platform
British athletic apparel retailer Gymshark has launched a new brand platform, dubbed “We Do Gym,” which is meant to reiterate its position as a gym brand first - not an athleisure or sports brand, the company explained. The We Do Gym webpage clearly states: “We’re not good at everything, we’re ...
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News briefsEchelon acquires ThriveX
Echelon, which produces connected fitness machines and sells subscriptions for on-demand classes, has acquired ThriveX, a producer of app-controlled compression boots, sauna blankets and cold-immersion products. ThriveX serves both the B2C and the B2B markets, with gyms, hotels and other such businesses among its customers. According to Echelon’s CEO, Lou ...
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News briefsMark King is the new CEO of Xponential Fitness
Xponential Fitness, the global franchisor of boutique health and wellness brands, has announced that its Board of Directors has unanimously appointed Mark King as the new Chief Executive, effective June 17, 2024. He takes over the role from Interim CEO Brenda Morris, who will continue to serve as a member ...
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News briefsPlanet Fitness secures $800m for strategic refinancing
Planet Fitness, Inc. announced that it has completed its previously announced refinancing transaction. The new series of securitized notes consists of $800 million of Class A-2 senior secured notes issued in two tranches: Class A-2-I senior secured notes with an expected redemption date of five years, a principal amount of ...
