All Fitness articles – Page 15
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Article
Nautilus reaches record profits thanks to home fitness
As numerous gyms temporarily closed due to Covid-19, Nautilus experienced strong year-over-year sales increases in the third quarter with customers shifting to home equipment. New customer acquisition was up seven times during the quarter, leading the demand for many of the company’s home fitness products to continue to outpace the ...
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Under Armour divests MyFitnessPal, will discontinue Endomondo
Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become a stand-alone company. ...
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ArticleTechnogym wants home fitness to generate half of €1 bn in sales
In reporting a 53 percent increase to €98 million in its home fitness segment for the first nine months of this year, Technogym said that its board of directors has approved a new three-year business plan, called Technogym At-Home, that calls for a doubling in the segment’s revenues from a ...
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ArticleMarine, Fitness, Outdoor products drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
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Nautilus sells Octane Fitness
True Fitness Technology acquired Octane Fitness from Nautilus for $25 million on Oct. 14, assuming $3 million in warranty liabilities and $0.5 million in vendor recourse lease obligations. The chief executive of Nautilus, Jim Barr, says in the company’s press release that the sale should “streamline our operations and accelerate ...
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ArticleFunding round values Icon Health & Fitness at $7bn
Icon Health & Fitness got a valuation of more than $7 billion in a new $200 million round of financing which, according to Bloomberg, may be followed by a public offering of its shares in 2021. Founded 43 years ago in Utah with Mormon capital, Icon is the parent company ...
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Defying Apple, Peloton sees itself as the fitness industry’s Netflix
At an investor day held after the release of exceptionally strong financial results, Peloton Interactive said it felt that it could hold its own against competitors like Apple with its subscription-based model and its vertical integration to deliver a total fitness experience, creating a global community of consumers who want ...
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Horizon Fitness to release new treadmill line
Horizon Fitness, a subsidiary of Johnson Health Tech of Taiwan, has announced its 2020 Studio Series of treadmills: the 7.0AT, 7.4AT and 7.8AT. All three models can connect by Bluetooth to any of the major subscription streaming services and apps for exercise, among them Peloton and Zwift. In the summation ...
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ArticleTechnogym prioritizes DTC and home fitness
The big Italian-based fitness equipment supplier is shifting its focus from the gyms to the consumer after booking a 50 percent sales increase in its relatively small Home & Consumer segment for the first half of this year, as more and more people performed their workouts at home rather than ...
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ArticleGarmin thrives thanks to home fitness and cycling boom
Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...
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Under Armour reportedly puts up a fitness app for sale
Under Armour is reportedly looking for an investor to take over MyFitnessPal (MFP), a food consumption and exercising app and website that it bought for $475 million in 2015, at around the same time as Adidas’ $220 million acquisition of Runtastic and Asics’ $85 million buy of Runkeeper. MFP offers ...
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Nautilus to focus on home fitness
Nautilus has hired an investment banker, William Blair, as an adviser to find a buyer for its commercial Octane Fitness business. It bought Octane for $115 million in 2015 to broaden its range of fitness equipment for the clubs, while adding a line of higher-end elliptical machines for the home. ...
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Technogym supports fitness clubs’ re-opening
Technogym’s Mywellness platform will be offering additional features to assist fitness clubs in their re-opening phase. During the lockdown, fitness facilities were able to connect with their members via the Mywellness platform, which allowed them to offer digital coaching and remote support services. Members of the Mywellness community will now ...
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ArticleCoronavirus slows Technogym’s sales, but home fitness rockets
Lockdowns and store closures hit Technogym’s sales in the first quarter, although this was partly offset by higher sales of home fitness equipment, as more people exercised indoors. The Italian company’s total revenues dropped by 11.2 percent from the year-ago quarter to €116.8 million, or by 11.9 percent in constant ...
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An excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
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Decathlon sells fitness gear in supermarkets
Sporting goods stores are locked down in France and other countries, but supermarkets are not. While keeping warehouses open to service online orders in France and other countries, Decathlon has joined forces with Franprix, a French grocery store chain, in a test that can help people stay fit at home ...
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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Peloton, the U.S. fitness brand, has launched a pop-up store...
Peloton, the U.S. fitness brand, has launched a pop-up store concept with Sport Schuster, the big Munich-based sports retailer. Since Nov. 20, the fitness brand has been presenting new indoor bikes with fixed screens in Sport Schuster's store in the center of Munich. Peloton is producing training content for the ...
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Article
Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to $243.1 ...
