All Fitness articles – Page 9
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News briefsWattbike appoints Stephen Loftus as new CEO
As previously reported, Wattbike recently appointed Greg Nieuwenhuys as its new chairman. The U.K.-based specialist in indoor bikes has now announced another leadership change, with Richard Baker stepping down as the company’s CEO. Baker will remain involved with the brand as a special advisor to the board. Stephen Loftus, most ...
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News briefsKettler expands home fitness equipment rental service
Kettler Sport now offers its “Rent a Kettler” service in Switzerland and Liechtenstein. The service was first introduced in Germany in November of last year. For Switzerland and Liechtenstein, the fitness company is cooperating with RNTL, which has specialized in the logistics and organization of similar rental services since 2020. ...
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News briefsKane Footwear turns used shoes into yoga mats
Kane Footwear has launched Project Renew, a new upcycling program where customers can return used Revive slip-ons and have them transformed into yoga and changing mats. Kane is partnering with Lavarubber for the program. Customers in the U.S. request a prepaid shipping label on Kane’s website, and the shoes are ...
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News briefsTechnogym announces partnership with Paris 2024
Technogym has become Official and Exclusive Supporter of cardio, strength and functional training equipment for the athletic preparation of the athletes who will compete in the Paris 2024 Olympic and Paralympic Games. The Italian fitness equipment brand will equip 29 training centers in Paris for the athletes to train prior ...
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News briefsRouvy and Challenge Family athletes raise $30,000 for Turkey and Syria
In the wake of the devastating earthquakes in Turkey and Syria, more than 8,700 Rouvy and Challenge Family athletes helped raise $30,000 for the Red Cross to support those affected. The cyclists had two weeks to complete the virtual ride on Rouvy’s indoor cycling platform, with the amount raised depending ...
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News briefsSpeedo teams up with Chinese fitness club
Speedo has teamed up with China’s premium fitness club, Wills, to help inspire its 1.5 million members to take up swimming. The one-year partnership will see 900 of Wills’ swimming trainers teaching exclusively in Speedo x Wills co-branded swimwear products. The customized collection, a redesign of Speedo’s classics, consists of ...
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SponsoredWearable Technologies Conference to take place in Munich
The focus of the 43rd Wearable Technologies Conference Europe, to be held in Munich, has been announced. This year’s event focus will be on three topics: “Augmentation of Humans,” “Deep Tech and Innovation,” and “Enabling the Future of Healthcare.” As part of the latter, conference goers from the sporting goods ...
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News briefsAdidas partners with Rheon for new high-tech workout apparel
Source: Adidas Adidas Techfit Control with Rheon super polymer For Spring/Summer 23, Adidas is launching the new Adidas Techfit Control apparel line in collaboration with Rheon Labs, the company behind Rheon, an energy-absorbing “super polymer.” The latest high-tech collection combines Adidas’ material constructions with the intelligent polymer ...
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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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News briefsAthleta brand now available in the U.K. on next.co.uk
Sports and activewear brand Athleta is now shoppable in the U.K. and Ireland via Gap Inc.’s joint venture with Next. Athleta offers 100 styles ranging from joggers and sweat tops to shorts, sports bras, leggings, tank tops and waterproof outerwear on next.co.uk. Gap acquired Athleta in 2008. The joint venture ...
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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 briefsPolar shares fitness algorithms with partners, first collab with Casio
Polar announced a groundbreaking move in the wearables industry, with the Finnish fitness software and product provider making its fitness algorithms available to partners. Polar has led the industry for nearly 50 years, maintaining a gold standard in heart rate measurement technology. Polar’s current professional solutions offered to partners provide ...
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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 briefsNational Cycling League enters strategic partnership with Wahoo Fitness
The U.S. National Cycling League (NCL) announced a two-year strategic partnership with endurance athlete fitness technology company Wahoo Fitness. The NCL’s two mixed professional cycling teams – the Denver Disruptors and the Miami Nights – will train and compete exclusively with Wahoo products and software. In addition, Wahoo will sponsor ...
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ArticleGarmin operating income dips in Q4, eyes $5 billion in FY23 sales
Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...
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News briefsSuunto with new head of brand
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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ArticleNautilus sees lower retail order trend continuing
The fitness company, which has reduced its workforce by 15 percent and is lowering its annual expenses by $30 million, expects lower levels of retail re-orders that hampered Q3 revenues to continue through the first half of 2023.
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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 ...
