June 17, 2026, American sportswear company Under Armour has confirmed plans to close its Portland corporate office and relocate key functions, including parts of its footwear development operations, to Baltimore and other locations such as New York. The company described the move as part of a broader organizational restructuring aimed at improving collaboration and aligning teams more closely with its headquarters. While the Portland office will be closed in its current form, Under Armour stated that it will continue to maintain a presence in the city and retain some innovation-related activities there.

PARIS, FRANCE – June 18, 2026 — Kinomap, the leading interactive indoor training platform, today announced a strategic global partnership with world-renowned group fitness brand Les Mills. Starting September 2026, the collaboration will introduce a unique bundled subscription plan, creating a comprehensive fitness ecosystem within a single solution. Through this new offering, users can subscribe to both platforms directly via Kinomap at a highly competitive price point. The bundle seamlessly merges Kinomap’s immersive, real-world geolocated video routes for cycling, running, and rowing with Les Mills’ globally recognized non-cardio programs, including strength training, HIIT, and yoga. Leadership Perspectives "By combining Kinomap’s…

On June 15, Pon.Bike, one of the world's largest bicycle manufacturers, announced that it will close its Cannondale European assembly plant in Almelo, Netherlands, by the end of 2027. This move is part of the group's new "multi-brand integrated production" strategy. Production capacity will gradually transition to existing European hubs in Germany and Lithuania. The company emphasized that this relocation will not disrupt bike deliveries to dealers or consumers. The facility currently employs approximately 120 staff members and specializes in single-brand assembly for Cannondale. Because the plant cannot accommodate the group's future vision for "one-stop" multi-brand production, Pon.Bike decided on…

Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF. Les Mills has already raised more than US$2 million for the charity which helps children in areas impacted by wars or sudden natural disasters, providing clean water, medicine, nutrition, and psychological support.

Fishing gear manufacturer Evolution Outdoor has hired Steve Self as vice president of sales. Most recently, he served as vice president of sales for St. Croix Rods.  Throughout his over 40-year career, Self has also held key sales leadership positions at Maurice Sporting Goods and Zebco, including serving as national sales manager.  In his new role, Self will work closely with the Evolution Outdoor leadership team, with primary responsibilities focused on Buying Groups, Distributor relationships, and continued growth of the company’s international business. 

American professional outdoor gear retailer Outdoors, Inc., a local landmark with 52 years of history, announced in May 2026 that it would cease operations and held a closing clearance sale at its last store on Poplar Ave in Memphis and online. Founded in 1974 by Joe Royer and Lawrence Migliara, Outdoors, Inc. had four locations as recently as 2019, according to its website. The retailer offers hiking, camping, paddling, climbing, cycling, and skiing gear and is known for organizing and sponsoring major community sporting events, including the Outdoors, Inc. Canoe and Kayak Race on the Mississippi River and the Cyclocross…

Chicago-based bike parts manufacturer SRAM reported plans to build a new, full‑product manufacturing facility in Coimbra, Portugal, expanding the company’s global manufacturing footprint and deepening its long‑term commitment to Europe. SRAM said the 25,000-square-meter factory, slated to open in 2028 and be fully operational by 2032, will “bring SRAM’s full manufacturing capability to Europe, including assembly, testing and comprehensive quality operations, enabling local production of SRAM’s component portfolio, covering over 7,500 parts”.

Frasers Group, the U.K.-based parent of Sports Direct, launched a €2 billion ($2.31 billion) takeover offer for German fashion brand Hugo Boss AG. Frasers, the biggest shareholder in Hugo Boss, is offering €38 per share in cash for the remaining shares, representing a 4.3 percent premium to the €36.44 closing price of Hugo Boss stock on Wednesday, June 10, bringing the deal’s valuation to €1.978 billion. Including shares Frasers already owns, the offer prices Hugo Boss’ total company valuation at roughly €2.7 billion ($3.1 billion). Hugo Boss has been struggling with declining sales and set out a new strategy six months…

Australia’s budget-friendly gym chain Revo Fitness is steadily growing its footprint down under, surpassing 75 locations nationwide with the opening of three new locations across Western Australia, South Australia and New South Wales. As Australia’s low-cost gym market heats up, this budget gym is becoming more ambitious. It plans to expand its number of gyms to 100 by 2027 and further advance its mission of making fitness more accessible to more Australians.  

Global bicycle manufacturer Giant Group’s shipments in May 2026 increased 5.8% year over year to NT$5.36 billion, marking the first monthly year-over-year growth since February 2025 and the second positive-growth month since August 2024. The company had previously experienced a continuous decline: sales in Q1 2026 fell 20.3% year over year to NT$16.06 billion, full-year 2025 sales fell 15.4%, and 2024 sales fell 7.4%. The decline in April sales had already narrowed to 1.8%, and May turned positive, widely viewed as a turning-point signal that the industry’s inventory destocking is nearing its end and demand is recovering.

Chinese fitness equipment manufacturing giant Impulse announced that its wholly-owned subsidiary Hainan Impulse has successfully acquired the land use rights for a 66,700-square-meter state-owned land parcel in Haikou through an auction, with a total transaction value of CNY 44.75 million. The acquired land will be used for the construction of the Hainan Impulse Smart Sports Industrial Park project. The initiative aims to align with relevant industrial policy directions, strengthen the company’s competitiveness in the field of intelligent fitness and wellness equipment, better meet market demand, and develop new sources of profit growth.

On June 9, 2026, wearable fitness brand Pepper officially launched its dry EMS (electrical muscle stimulation) fitness suit, which has received FDA certification in the United States, and announced its entry into the U.S. market. Unlike traditional EMS devices that require moist skin to conduct electrical impulses, Pepper’s dry solution significantly lowers the barrier to use. The product activates up to 90% of muscle fibers simultaneously through electrical impulses (about three times that of traditional training), allowing 20 minutes to achieve the effect of one hour of strength training. The hardware is equipped with 20 integrated electrodes and a central…