All Fitness articles – Page 16
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Article
Fitness weigh on Garmin’s gross margin
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
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Article
Brunswick sells Life Fitness to a PE firm
Unlike VF Corp., which has spun off its jeans business into a new company owned by its shareholders, Brunwick Corp. has chosen the alternative of a straight sale of its fitness division to a New York-based private equity firm, KPS Capital Partners, for about $490 million in cash, following the ...
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News briefs
Life Fitness has launched a digital advertising platform called Life...
Life Fitness has launched a digital advertising platform called Life Fitness Media. The system will enable the supplier of commercial fitness equipment to channel advertising through machines – notably cardio equipment – that it has already been sold to gyms, universities, hotels, corporations and other clients. The American company has ...
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Article
The European fitness boom continues
The European health and fitness market continued to grow strongly in 2018, according to an annual study conducted by EuropeActive, the European association that represents the sector in Brussels, in cooperation with Deloitte. The total number of fitness club members increased by 3.5 percent to 62.2 million. Throughout Europe, 9.4 ...
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Article
Ball sports and fitness performed less well
In terms of local currencies, quarterly sales increased by one percent in Amer’s Ball Sports division, led by Wilson, and by 9 percent in the Fitness division, led by Precor. In reported euros, the Ball Sports segment grew by just 3 percent to €167.7 million in the fourth quarter. It ...
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News briefs
Matrix Fitness generated worldwide revenues of €466 million in 2018,...
Matrix Fitness generated worldwide revenues of €466 million in 2018, an increase of 21 percent from the previous year. The company's sales in the U.S. were particularly strong, growing by 26 percent for the year and by 40 percent in the fourth quarter. Matrix Fitness is the commercial brand of ...
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News briefs
The fitness division of Brunswick Corp., which includes Life Fitness,...
The fitness division of Brunswick Corp., which includes Life Fitness, Cybex, Hammer Strength, Indoor Cycling and SciFit, reported flat sales of $1,038.3 million for the 2018 financial year, just as the group is gearing up to spin it off by the end of the present quarter, or soon thereafter. In ...
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Short stops
Wolverine Worldwide has upgraded its campus, adding a new fitness...
Wolverine Worldwide has upgraded its campus, adding a new fitness facility as well as day care and dog care services
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Short stops
The second Fibo Global Fitness Africa fair, held in Johannesburg...
The second Fibo Global Fitness Africa fair, held in Johannesburg on Oct. 26-27, hosted more than 100 exhibitors and welcomed about 5,600 visitors
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News briefs
Runtastic, the mobile fitness company owned by Adidas, has announced...
Runtastic, the mobile fitness company owned by Adidas, has announced that its co-founder and chief executive, Florian Gschwandtner, will withdraw from operational management and leave the company, effective Dec. 31, 2018. He has been with the start-up for nearly ten years. Alfred Luger and Christian Kaar, respectively chief financial officer ...
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Article
Garmin’s fitness segment sees sales rocket
Garmin's fitness segment had a stellar second quarter, with a 24 percent increase from the year-ago quarter to $225.1 million In contrast, sales in Garmin's so-called outdoor segment improved by 4 percent to $201.6 million with all product categories contributing to the growth. The gross margin in this segment declined ...
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News briefs
Heinz Kettler, the leading German manufacturer of home fitness equipment...
Heinz Kettler, the leading German manufacturer of home fitness equipment and other products, filed for self-managed insolvency in mid-July after the company's foundation declined to endorse a sale of the company to an investment firm, Altera Capital. According to German press reports, the foundation disagrees with certain clauses in the ...
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Article
Brunswick sees fitness margins shrink to 5.7%
Brunswick Corporation continued to focus on stabilizing the operating performance of its fitness segment, which it wants to divest. It is also developing new initiatives in the digital space that are receiving growing acceptance, such as its recently announced technology-enhanced partnerships with Apple, Retro Fitness and Orangetheory Fitness.Mentioning steady market ...
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News briefs
DW Fitness First has launched a summer campaign to promote...
DW Fitness First has launched a summer campaign to promote family fitness in the U.K., called The School Run. The initiative is to encourage parents to get active with their kids. The company has also launched a new family fitness guide, with exercise routines specifically designed to keep children entertained ...
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News briefs
Spofact assumed the distribution of Nautilus' lines of Bowflex fitness...
Spofact assumed the distribution of Nautilus' lines of Bowflex fitness equipment in Germany, starting on July 1, completing the range of Nautilus products in its portfolio. Previously, Nautilus was using a Swiss-based company, Trisport, for the distribution of the Bowflex Max Trainer in Germany, Austria and Switzerland. It will work with ...
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News briefs
Intersport opened its first fitness park in Germany on June,...
Intersport opened its first fitness park in Germany on June, 28. The German voluntary group opened it in Kiel in cooperation with Intersport Knudsen, the group's local retail partner, and with Puma and the city of Kiel. Other sponsors and partners are AOK NordWest, the German insurance company, and Kompan, ...
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Article
Garmin performs well in outdoor and fitness
Driven by growth in the outdoor, fitness, aviation and marine segments, Garmin's sales for the first quarter were up by 11 percent from the year-ago quarter to $711 million. In particular, the outdoor and fitness segments delivered double-digit revenue growth, driven by their wearables.Sales in Garmin's so-called outdoor segment jumped ...
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News briefs
Life Fitness has appointed Judith Toland as vice president and...
Life Fitness has appointed Judith Toland as vice president and chief marketing officer, and Alla K. Woodson as vice president of global customer experience and service. The company has also hired Royal Simmons to lead the planned spin-off of Brunswick Corporation's fitness division.
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Article
Brunswick’s fitness segment is boosted by international sales
A few weeks after announcing its planned spin-off, which could take place early next year, Brunswick Corporation reported that its fitness division reached record sales of $244.4 million in the first quarter, an increase of 4 percent from the first quarter of 2017. The management said the segment's revenues ...
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Article
Falling profits in Brunswick's fitness segment
Well before announcing its spin-off, Brunswick Corporation had reported that its fitness division had an operating loss of $33.4 million for the fourth quarter, compared with operating earnings of $26.9 million in the year-ago period.The company blamed the loss on restructuring, exit, integration, and impairment charges of $16.7 million, primarily ...
