Article From：SGB Media In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group. Among segments, Leisure sales were down 11 percent to $4.8 bi...

Article From：SGB Media U.S. judge on Thursday ruled that Peloton Interactive, Inc. must face a proposed class action lawsuit accusing the bike and treadmill maker of misleading customers about the ever-growing size of its library of on-de...

Article From：Front Office Sports Peloton CEO Barry McCarthy wrote in a letter to employees Friday that the interactive fitness company is making the hard choices that will lead to the elimination of 784 jobs, a major reduction of its reta...

Article From：Front Office Sports The worlds second-largest economy has seen a major cycling boom as pandemic-related gym closures continue and people avoid crowds. Chinas cycling market is expected to reach $16.5 billion by 2026, accordin...

Article From：Front Office Sports Puma will discuss solutions for some of the fashion industrys most pressing sustainability challenges such as waste, materials and climate change at a global event on September 6. Ahead of the event, Puma...

Article From：SGI Europe The international fitness industry is male-dominated, and leadership positions are mainly held by men. This is the conclusion of a study conducted by Sport Alliance and Women in Fitness Association (WIFA). A total...

Article From：SGI Europe Tennis is apparently becoming increasingly popular in South Korea. This is reported by Korea Jong daily. The market in Korea reached approximately 250 billion won (190 million) last year, with around 500,000 people...

Article From：Front Office Sports The womens European Championship that ended on July 31 set attendance and viewership records for womens soccer but those arent the only historic figures the game produced. Fanatics, which sold official mer...

Article From：SGB Media Kampgrounds of America (KOA) believes camping will continue to be popular even during volatile economic times. In the July edition of KOAs Monthly Research Report, the camping industry giant forecasted that 15.93 mi...

Article From：SGB Media PepsiCo announced a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal. With PepsiCo as its preferred distribution partner, Celsius expects to gain more shelf spa...

Article From：Fibre2Fashion American sports brand Columbia Sportswear Company has released its 2021 Environmental, Social, and Governance (ESG) Report, which includes performance highlights and progress made throughout 2021 in the three pi...

Article From：Fibre2Fashion While the global economy is expected to avert a recession, business conditions will be increasingly difficult in the year ahead as financial markets tighten, SP Global Market Intelligence said. The risk of reces...

Article From：SGB Media In its first in-person event since 2019, IHRSAs 41st International Convention Trade Show drew over 6,000 fitness industry professionals, spanning 75 countries. The show, held in Miami Beach, FL, featured nearly 300...

Article From：SGB Media A survey conducted by Elevent found that runners are more sponsorship savvy than the general public, including having a more positive perception of sponsors and a willingness to work with them. Elevent, a provider o...

Article From：SGB Media Despite supply chain constraints, shipments from golf equipment manufacturers in 2022 has remained strong, matching last years growth, according to the National Golf Foundation (NGF). Through June, golf club dollar...

Article From：FESI According to recent results of the annual ski market report conducted by the Federation of the European Sporting Goods Industry (FESI), skis and ski equipments sales of the 2021-22 season have slightly increased compared...

Article From：SGB Media Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will...

Article From：SGB Media Nike opened its first Nike Style store in the South Korean capitals Hongdae neighborhood to serve a distinct sport lifestyle audience through the lens of style, featuring gender-agnostic zones for fleece, tops, foot...

Article From：SGB Media Saks released its Luxury Pulse survey. The data shows that higher-income consumers who shop luxury retail have continued spending, including indulging themselves through fashion and vacation purchases. Additionally,...

Article From：SGI Europe Puma has signed the worlds fastest woman alive, Elaine Thompson-Herah. The Jamaican sprinter and five-time Olympic champion is thus leaving Nike, with whom she had been associated her entire career. Thompson-Herah...