Latest news with #JohnReed
Yahoo
07-08-2025
- Business
- Yahoo
Arhaus Reports Second Quarter 2025 Financial Results
BOSTON HEIGHTS, Ohio, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Arhaus, Inc. ('Arhaus' or the 'Company') (NASDAQ: ARHS), a growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported second quarter 2025 results for the period ended June 30, 2025. Second Quarter 2025 Highlights Net revenue increased 15.7% to $358 million, compared to the second quarter of 2024 Gross margin increased 19.1% to $148 million, compared to the second quarter of 2024 Selling, general and administrative expenses increased 6.8% to $101 million, compared to the second quarter of 2024 Net and comprehensive income increased 57.7% to $35 million, compared to the second quarter of 2024 Adjusted EBITDA increased 51.2% to $60 million, compared to the second quarter of 2024 Comparable growth(1) of 10.5% Total Showroom Projects(2) of 3 locations, inclusive of 2 relocations and 1 renovation John Reed, Co-Founder and Chief Executive Officer, said: 'We achieved the highest quarterly net revenue in Arhaus' history, exceeding $358 million, reflecting an increase of 15.7%. This record reflects the strength of our brand, the loyalty of our clients, and the exceptional execution of teams across the business. During the quarter, we successfully brought operations of our Dallas Distribution Center in-house which ramped ahead of schedule. This transition enabled us to convert strong first quarter demand into net revenue more efficiently, and at a higher volume, than expected. As a result, Comparable growth(1) was 10.5%. While second-quarter Demand comparable growth(3) was (3.6)%, due to macro headwinds, July rebounded sharply, with Demand comparable growth(3) up an impressive 15.7%, highlighting strong client engagement and the enduring appeal of our products. Year-to-date, including July, Demand comparable growth(3) was up 2.2%. Additionally, I'm proud to announce the launch of our Arhaus Bath Collection. This thoughtful expansion into a deeply personal space in the home reflects our commitment to timeless design, artisan craftsmanship, and functional beauty. With a resilient high-end client base, debt-free balance sheet, and a clear strategic plan, we are navigating the current environment from a position of strength, focused on what we can control: disciplined execution, intentional growth, and continued investment in the systems, products, and talent that will drive our next phase. Thank you to our teams, your creativity, care, and commitment make moments like this possible. Your passion is what brings Arhaus to life.' Business Highlights Arhaus delivered strong second-quarter results, with net revenue exceeding $358 million, up 15.7% and setting a new record for the highest quarterly net revenue in Company history. In the second quarter, Comparable growth(1) was 10.5%, driven by the successful conversion of strong first-quarter demand, while Demand comparable growth(3) was (3.6)%, reflecting macroeconomic volatility and external headwinds. Looking ahead, Demand comparable growth(3) in July was up 15.7%, reflecting strong client engagement and the strength of the Arhaus product assortment. Year-to-date, including July, Demand comparable growth(3) was 2.2%. Showroom Highlights At the end of the second quarter of 2025, Arhaus operated 103 Showrooms across 30 states and all four geographic regions. During the quarter, the Company completed 3 Total Showroom Projects(2), including 2 relocations and 1 renovation. Notable updates include: Wexford, Pennsylvania – A relocated showroom opened in Wexford Plaza, a premium open-air retail destination. The expansive, newly designed space features a dedicated design room and extensive fabric library, serving a key affluent suburb of Pittsburgh and reinforcing Arhaus' luxury positioning. Scottsdale, Arizona – A fully renovated showroom at Kierland Commons. Originally opened in 2015, this renovated space more closely reflects the Arhaus aesthetic, blending international design elements with American craftsmanship to create an eclectic, elevated experience. Year-to-date through the second quarter, Arhaus has completed 8 showroom projects, including 1 new opening, 6 relocations, and 1 renovation. The Company continues to expect the completion of approximately 12 to 15 Total Showroom Projects(2) in 2025, consisting of 4 to 6 new openings and 8 to 9 relocations, renovations, or expansions. Balance Sheet and Liquidity As of June 30, 2025, the Company reported the following: No long-term debt. Cash and cash equivalents totaled $235 million. Net merchandise inventory of $311 million, a 4.7% increase from December 31, 2024 to June 30, 2025. Client deposits of $233 million, a 5.5% increase from December 31, 2024 to June 30, 2025. Net cash provided by operating activities totaled $81 million for the six months ended June 30, 2025. Net cash used in investing activities was approximately $42 million for the six months ended June 30, 2025. Company-funded capital expenditures(4) were approximately $31 million and landlord contributions were approximately $11 million. Outlook The table below reaffirms Arhaus' previously provided expectations for selected full-year 2025 financial and operating metrics. This outlook reflects currently implemented tariff actions as of the date of this release. The Company has also modestly reduced its full-year capital expenditures outlook by $10 million to reflect updated timing on select investments. In addition, Arhaus is introducing third-quarter 2025 guidance for select financial metrics, as detailed below. Full-Year 2025 Q3 2025 Net revenue $1.29 billion to $1.38 billion $320 million to $350 million Net revenue growth 1.5% to 8.6% 0.3% to 9.7% Comparable growth(1) (5)% to 1.5% (4)% to 5% Net income(5) $48 million to $68 million $7 million to $17 million Adjusted EBITDA(6) $123 million to $145 million $23 million to $33 million Company-funded capital expenditures(4) $80 million to $100 million Depreciation & amortization $47 million to $52 million Fully diluted shares ~ 141 million Effective tax rate ~ 26% Showroom openings 4 to 6 new showrooms Total Showroom Projects(2) 12 to 15 showroom projects (1) Comparable growth is a key performance indicator and is defined as the year-over-year percentage change of the dollar value of orders delivered (based on purchase price), net of the dollar value of returns (based on amount credited to client), from our comparable Showrooms and eCommerce, including through our catalogs and other mailings.(2) Total Showroom Projects is defined as the number of showroom projects completed during the period, including new showroom openings, strategic relocations, remodels, and expansions. The Company considers all showroom projects integral to its long-term growth strategy, with each evaluated based on strategic relevance and expected return on investment.(3) Demand comparable growth is a key performance indicator and is defined as the year-over-year percentage change of demand from our comparable Showrooms and eCommerce, including through our catalogs and other mailings.(4) Company-funded capital expenditures is defined as total net cash used in investing activities less landlord contributions.(5) U.S. GAAP net income (loss).(6) We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because we do not provide guidance for the various reconciling items. These items include, but are not limited to, future share-based compensation expense, income taxes, interest income, and transaction costs. We are unable to provide guidance for these reconciling items because we cannot determine their probable significance, as certain items are outside of our control and cannot be reasonably predicted due to the fact that these items could vary significantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measure is not available without unreasonable effort. Conference Call You are invited to listen to Arhaus' conference call to discuss the second quarter 2025 financial results scheduled for today, August 7, 2025, at 8:30 a.m. Eastern Time. The call will be available over the Internet on our website ( or by dialing (877) 407-3982 within the U.S., or 1 (201) 493-6780, outside the U.S. The conference ID number is 13748992. A recorded replay of the conference call will be available within approximately three hours of the conclusion of the call and can be accessed online at for approximately twelve months. About Arhaus Founded in 1986, Arhaus is a growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With more than 100 showroom and design studio locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and eCommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and client-first service. For more information, please visit Investor Contact: Tara Louise AtwoodVice President, Investor Relations(440) 439-7700 invest@ Non-GAAP Financial Measures In addition to the results provided in accordance with U.S. GAAP, this press release and related tables include adjusted EBITDA and adjusted EBITDA as a percentage of net revenue, which present operating results on an adjusted basis. We use non-GAAP measures to help assess the performance of our business, identify trends affecting our business, formulate business plans and make strategic decisions. In addition to our results determined in accordance with U.S. GAAP, we believe that providing these non-GAAP financial measures is useful to our investors as they present an informative supplemental view of our results from period to period by removing the effect of non-recurring items. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. These non-U.S. GAAP measures are not a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. Because not all companies use identical calculations, the presentations of these measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company. These measures should only be read together with the corresponding U.S. GAAP measures. Please refer to the reconciliations of adjusted EBITDA to the most directly comparable financial measures prepared in accordance with U.S. GAAP below. Forward-Looking Statements Certain statements contained herein, including statements under the heading 'Outlook' are not based on historical fact and are 'forward-looking statements' within the meaning of applicable securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology, including, but not limited to, 'may,' 'could,' 'seek,' 'guidance,' 'predict,' 'potential,' 'likely,' 'believe,' 'will,' 'expect,' 'anticipate,' 'estimate,' 'plan,' 'intend,' 'forecast,' or variations of these terms and similar expressions, or the negative of these terms or similar expressions. Past performance is not a guarantee of future results or returns and no representation or warranty is made regarding future performance. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond our control that could cause our actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to manage and maintain the growth rate of our business; our ability to obtain quality merchandise in sufficient quantities; disruption in our receiving and distribution system, including delays in the integration of our distribution centers and the possibility that we may not realize the anticipated benefits of multiple distribution centers; effects of new or proposed tariffs and changes to international trade policies and agreements; the possibility of cyberattacks and our ability to maintain adequate cybersecurity systems and procedures; loss, corruption and misappropriation of data and information relating to clients and employees; changes in and compliance with applicable data privacy rules and regulations; risks as a result of constraints in our supply chain or disruptions due to geopolitical events such as acts of war and/or terrorism or other hostilities; a failure of our vendors to meet our quality standards; declines in general economic conditions that affect consumer confidence and consumer spending that could adversely affect our revenue; our ability to anticipate changes in consumer preferences; risks related to maintaining and increasing Showroom traffic and sales; our ability to compete in our market; our ability to adequately protect our intellectual property; compliance with applicable governmental regulations; effectively managing our eCommerce sales channel and digital marketing efforts; our reliance on third-party transportation carriers and risks associated with freight and transportation costs; and compliance with SEC rules and regulations as a public reporting company. These factors should not be construed as exhaustive. Further information on potential factors that could affect the financial results of the Company and its forward-looking statements is included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement. Arhaus, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands, except share and per share data) June 30,2025 December 31,2024 Assets Current assets Cash and cash equivalents $ 234,797 $ 197,511 Restricted cash 3,622 3,418 Accounts receivable, net 970 1,252 Merchandise inventory, net 311,117 297,010 Prepaid and other current assets 27,063 31,852 Total current assets 577,569 531,043 Operating right-of-use assets 367,524 322,302 Financing right-of-use assets 34,208 36,105 Property, furniture and equipment, net 303,425 282,520 Deferred tax assets 22,620 21,091 Goodwill 10,961 10,961 Other noncurrent assets 2,069 2,294 Total assets $ 1,318,376 $ 1,206,316 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 70,542 $ 68,621 Accrued taxes 15,602 10,480 Accrued wages 16,413 11,538 Accrued other expenses 43,353 47,668 Client deposits 233,070 220,873 Current portion of operating lease liabilities 55,096 42,247 Current portion of financing lease liabilities 647 1,024 Total current liabilities 434,723 402,451 Operating lease liabilities, long-term 441,945 402,916 Financing lease liabilities, long-term 52,590 53,312 Other long-term liabilities 3,505 3,892 Total liabilities $ 932,763 $ 862,571 Commitments and contingencies Stockholders' equity Class A shares, par value $0.001 per share (600,000,000 shares authorized, 54,400,128 shares issued and 53,859,215 outstanding as of June 30, 2025; 53,788,036 shares issued and 53,514,062 outstanding as of December 31, 2024) 54 53 Class B shares, par value $0.001 per share (100,000,000 shares authorized, 87,115,600 shares issued and outstanding as of June 30, 2025; 87,115,600 shares issued and outstanding as of December 31, 2024) 87 87 Retained earnings 183,047 142,898 Additional paid-in capital 202,425 200,707 Total stockholders' equity 385,613 343,745 Total liabilities and stockholders' equity $ 1,318,376 $ 1,206,316Arhaus, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (Unaudited, amounts in thousands, except share and per share data) Six months ended Three months ended June 30, June 30, 2025 2024 2025 2024 Net revenue $ 669,807 $ 604,963 $ 358,435 $ 309,801 Cost of goods sold 405,993 365,537 210,208 185,429 Gross margin 263,814 239,426 148,227 124,372 Selling, general and administrative expenses 211,520 191,684 101,462 94,991 Loss on disposal of assets 108 — — — Income from operations $ 52,186 $ 47,742 $ 46,765 $ 29,381 Interest income, net (1,317 ) (2,038 ) (744 ) (606 ) Other income (236 ) (197 ) (150 ) (75 ) Income before taxes 53,739 49,977 47,659 30,062 Income tax expense 13,791 12,644 12,593 7,828 Net and comprehensive income $ 39,948 $ 37,333 $ 35,066 $ 22,234 Net and comprehensive income per share, basic Weighted-average number of common shares outstanding, basic 140,536,663 139,901,319 140,709,814 139,985,846 Net and comprehensive income per share, basic $ 0.28 $ 0.27 $ 0.25 $ 0.16 Net and comprehensive income per share, diluted Weighted-average number of common shares outstanding, diluted 141,126,879 140,736,096 141,162,310 140,916,161 Net and comprehensive income per share, diluted $ 0.28 $ 0.27 $ 0.25 $ 0.16 Arhaus, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows (Unaudited, amounts in thousands) Six months ended June 30, 2025 2024 Cash flows from operating activities Net income $ 39,948 $ 37,333 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 22,959 17,709 Amortization of operating lease right-of-use asset 20,335 17,942 Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases 14,156 13,008 Equity based compensation 3,390 3,351 Deferred tax assets (1,529 ) 4,870 Amortization of cloud computing arrangements 853 762 Loss on disposal of property, furniture and equipment 108 — Amortization and write-off of lease incentives — (80 ) Changes in operating assets and liabilities Accounts receivable 282 850 Merchandise inventory (14,107 ) (19,265 ) Prepaid and other assets 4,398 (11,545 ) Other noncurrent liabilities (172 ) 332 Accounts payable 1,816 4,571 Accrued expenses 4,746 (11,254 ) Operating lease liabilities (27,952 ) (10,740 ) Client deposits 12,197 36,460 Net cash provided by operating activities 81,428 84,304 Cash flows from investing activities Purchases of property, furniture and equipment (41,622 ) (62,158 ) Net cash used in investing activities (41,622 ) (62,158 ) Cash flows from financing activities Principal payments under finance leases (365 ) (448 ) Repurchase of shares for payment of withholding taxes for equity based compensation (1,675 ) (548 ) Cash dividend payments (276 ) (70,056 ) Net cash used in financing activities (2,316 ) (71,052 ) Net increase (decrease) in cash, cash equivalents and restricted cash 37,490 (48,906 ) Cash, cash equivalents and restricted cash Beginning of period 200,929 226,305 End of period $ 238,419 $ 177,399 Supplemental disclosure of cash flow information Interest paid in cash $ 2,513 $ 2,143 Interest received in cash 4,040 5,155 Income taxes paid in cash 13,030 15,815 Noncash investing activities: Purchase of property, furniture and equipment in current liabilities 7,190 12,672 Arhaus, Inc. and SubsidiariesReconciliation of Net Income to Adjusted EBITDA (Unaudited, amounts in thousands) Six months ended Three months ended June 30, June 30, 2025 2024 2025 2024 Net and comprehensive income $ 39,948 $ 37,333 $ 35,066 $ 22,234 Interest income, net (1,317 ) (2,038 ) (744 ) (606 ) Income tax expense 13,791 12,644 12,593 7,828 Depreciation and amortization 22,959 17,709 11,597 9,106 EBITDA 75,381 65,648 58,512 38,562 Equity based compensation 3,390 3,351 1,795 1,327 Other expenses (1) 108 — — — Adjusted EBITDA $ 78,879 $ 68,999 $ 60,307 $ 39,889 Net revenue $ 669,807 $ 604,963 $ 358,435 $ 309,801 Net and comprehensive income as a % of net revenue 6.0 % 6.2 % 9.8 % 7.2 % Adjusted EBITDA as a % of net revenue 11.8 % 11.4 % 16.8 % 12.9 % ___________________________________________________________(1)Other expenses represent costs and investments not indicative of ongoing business performance, such as loss on disposal of in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
07-08-2025
- Business
- Business Upturn
Arhaus Debuts First-Ever Bath Collection, Extending Its Signature Craftsmanship to a New Room in the Home
BOSTON HEIGHTS, Ohio, Aug. 06, 2025 (GLOBE NEWSWIRE) — Arhaus, a leader in artisan-crafted, globally inspired home furnishings, announces the launch of its inaugural Arhaus Bath collection—an expansion into the bathroom space that reflects the brand's longstanding dedication to quality, craftsmanship and timeless design. Available beginning today, the 190-piece collection includes vanities, étagères, faucets, lighting, mounted hardware, Turkish cotton textiles and decorative accessories—marking one of Arhaus' most comprehensive category expansions to date. From sculptural vanities crowned in honed marble to beautifully detailed faucets and soft, luxurious bath textiles, Arhaus Bath was created to elevate everyday rituals through intentional design and enduring materials. 'We're always looking for ways to inspire and help our customers create a home they truly love—one that reflects their style and supports the way they live,' said John Reed, Arhaus CEO and co-founder. 'The introduction of Arhaus Bath is an organic extension of our assortment—bringing our signature craftsmanship, natural materials, and timeless sensibility into one of the most personal spaces in the home. It's a thoughtfully designed expansion that complements the collections our customers already know and love to reimagine the bath as a place of beauty and intention.' Expanded Offerings from Signature Collections Arhaus Bath introduces new styles and reimagines some of the brand's most beloved designs from its bedroom, dining and living categories—now tailored for bath with a range of vanity styles and coordinating étagères: Chelsea : An airy, stainless steel washstand silhouette with antique-inspired detailing. Available with Carrara or Brown Espresso marble tops. An airy, stainless steel washstand silhouette with antique-inspired detailing. Available with Carrara or Brown Espresso marble tops. Provo : Defined by arched detailing and minimalist hardware-free design, Provo delivers sculptural simplicity in oak with either Carrara or Calacatta Viola marble. Defined by arched detailing and minimalist hardware-free design, Provo delivers sculptural simplicity in oak with either Carrara or Calacatta Viola marble. Calista : Modern and refined, with subtle curves and soft-close drawers. Topped with honed Carrara or Calacatta Viola marble. : Modern and refined, with subtle curves and soft-close drawers. Topped with honed Carrara or Calacatta Viola marble. Danny : A timeless Arhaus favorite with gently curved silhouettes and richly grained oak, now offered for bath in Ebony or Fawn wood finishes. Topped with Carrara or Royal Cream marble. A timeless Arhaus favorite with gently curved silhouettes and richly grained oak, now offered for bath in Ebony or Fawn wood finishes. Topped with Carrara or Royal Cream marble. Finnley : Signature reeded wood design, offered in ebony or honey oak with Carrara or bluestone tops for a warm, textural statement. Vanities are available in powder, single, single wide and double configurations, with matching etageres and customizable hardware finished in Antique Brass or Polished Nickel. Pieces with wood detail are crafted with marine-grade plywood and all pieces feature soft-close functionality, pre-drilled countertops and French cleat wall mounts for secure installation. Hardware, Faucets and Lighting Arhaus Bath offers a full suite of solid brass hardware and faucets in Antique Brass and Polished Nickel finishes. The Crewe Faucet Collection features smooth or knurled textures, while the Lomas Faucet Collection brings a clean, cross-handle silhouette. Knurled detailing—a signature design element—is also echoed in the Liam Mounted Hardware Collection, creating a cohesive visual language across bath elements. Three coordinating mounted hardware collections—Fulton, Liam and Logan—offer towel bars, robe hooks, rings and paper holders designed to match seamlessly with each vanity style. Damp-rated lighting pieces including the Chayla Sconce, Ghiaccio Sconce and Monroe Flush Mount bring layered ambiance to the bath space through natural stone, metal and glass materials. Turkish Bath Textiles The Arhaus Turkish Bath Collection is crafted from 100% organic long-staple Turkish cotton loomed in Turkey's Aegean region. Offered in a serene palette of nature-inspired hues including white, ivory, moss, indigo and clay, the collection includes three towel weights—Classic (500 GSM), Ribbed (550 GSM) and Premium (735 GSM)—as well as luxe bathmats loomed to 1,200 grams per square meter for spa-like plushness. Every piece is Global Organic Textile Standard (GOTS) certified and carries an OEKO-TEX® Standard 100 label, all thoughtfully designed for softness, absorbency and long-lasting performance that grows more luxurious over time. To explore the full Arhaus Bath collection, visit Design professionals can apply for exclusive perks through the Arhaus Trade Program, while all customers are invited to find their nearest showroom at For personalized guidance, connect with a complimentary Arhaus interior designer at About Arhaus Founded in 1986, Arhaus is a growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With more than 100 showroom and design studio locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and eCommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and client-first service. For more information, please visit A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
CBC
29-06-2025
- Sport
- CBC
Canada's Tyler Mislawchuk earns silver at World Triathlon Cup in Morocco
Social Sharing Canada's Tyler Mislawchuk earned the silver medal at the World Triathlon Cup in Saidia, Morocco, on Sunday. The 30-year-old Mislawchuck finished in one hour 45 minutes 58 seconds in the Olympic distance test for his first World Cup podium in three years. Great Britain's Oliver Conway won in 1:45:53 and John Reed of the United States finished third at 1:46:11. It was the seventh World Cup podium of the Oak Bluff, Man., resident's storied career. A three-time Olympian, Mislawchuck came out of the unique 1.5-kilometre swim in sixth spot — just eight seconds back of the frontrunner. After a best-ever ninth place finish at the 2024 Olympics where he was battling for the podium until the final two kilometres. Mislawchuck opened this season with a sixth-place finish at the World Triathlon Championship Series in Yokohama, Japan. On Sunday, Mislawchuck appeared composed and comfortable while settling in for the eight-lap pedal with 24 riders through Morocco's northeastern coastal town known as the Blue Pearl. Thriving in the heat, the lone Canadian in the field followed his game plan, steadily working his way through the pack in the first of five laps on the 10-kilometre run. One of seven athletes out front at the end of the second lap, Mislawchuk made his move and pulled away from the field with Reed and Conway, who was making his first World Cup start, going with him. The trio matched strides over the next lap with the veteran Mislawchuk and rookie Conway controlling the pace. As the intensity and pace picked up in the final loop, Reed dropped back, leaving a head-to-head battle between the Canadian and the Brit until the last 100-metres where the 20-year-old Conway snuck ahead in the last corner and into the finishing stretch.
Yahoo
29-06-2025
- Sport
- Yahoo
Canada's Tyler Mislawchuk earns silver at World Triathlon Cup
SAIDIA — Canada's Tyler Mislawchuk earned the silver medal at the World Triathlon Cup in Saidia, Morocco, on Sunday. The 30-year-old Mislawchuck finished in one hour 45 minutes 58 seconds in the Olympic distance test for his first World Cup podium in three years. Advertisement Great Britain's Oliver Conway won in 1:45:53 and John Reed of the United States finished third at 1:46:11. It was the seventh World Cup podium of the Oak Bluff, Man., resident's storied career. A three-time Olympian, Mislawchuck came out of the unique 1.5-kilometre swim in sixth spot – just eight seconds back of the frontrunner. After a best-ever ninth place finish at the 2024 Olympics where he was battling for the podium until the final two kilometres. Mislawchuck opened this season with a sixth-place finish at the World Triathlon Championship Series in Yokohama, Japan. On Sunday, Mislawchuck appeared composed and comfortable while settling in for the eight-lap pedal with 24 riders through Morocco's northeastern coastal town known as the Blue Pearl. Advertisement Thriving in the heat, the lone Canadian in the field followed his game plan, steadily working his way through the pack in the first of five laps on the 10-kilometre run. One of seven athletes out front at the end of the second lap, Mislawchuk made his move and pulled away from the field with Reed and Conway, who was making his first World Cup start, going with him. The trio matched strides over the next lap with the veteran Mislawchuk and rookie Conway controlling the pace. As the intensity and pace picked up in the final loop, Reed dropped back, leaving a head-to-head battle between the Canadian and the Brit until the last 100-metres where the 20-year-old Conway snuck ahead in the last corner and into the finishing stretch. This report by The Canadian Press was first published June 29, 2025. The Canadian Press
The Guardian
27-06-2025
- Politics
- The Guardian
Three Revolutions by Simon Hall review – how Russia, China and Cuba changed forever
If the word 'revolution' implies, etymologically, a world turned around, then what unfolded in Russia in 1917 was just that. Everything changed. Old-school deference was dead; the proletariat was in power. The communist American journalist John Reed witnessed a contretemps that captured the suddenness of the change. In simpler times, sailors would have yielded to senior ministers, but on the day of the storming of the Winter Palace in St Petersburg, they weren't having it. When, in a last-ditch effort to save the Provisional Government, two liberal grandees demanded that they be let in, one of the sailors replied, 'We will spank you! And if necessary we will shoot you too. Go home now, and leave us in peace!' Here was an anecdote confirming Trotsky's lofty pronouncement that the revolution marked the 'forcible entrance of the masses into the realm of rulership'. Where Trotsky was coolly detached in his bird's-eye The History of the Russian Revolution, Reed was breathless in his wide-eyed, worm's-eye memoir, Ten Days that Shook the World. Reed had the zeal of the convert. Born into a pig-iron fortune in Oregon, he rebelled against his preppy upbringing by embracing the bohemia of Greenwich Village: 'delicatessens, bookshops, art studios and saloons, its long-haired men and short-haired women.' Thereafter, he was fired up by the silk weavers' strike in New Jersey in 1913. Four years later, a sense of adventure and a folie à deux with his socialist wife Louise Bryant took them to Saint Petersburg (then Petrograd), where they witnessed the revolution's great set pieces first-hand. Warren Beatty's portrayal of him as a true believer in the biopic Reds, leafleting and dodging bullets, got him down to a tee. So it was hardly surprising that he was faced with sedition charges on his return. He was indicted for violating the Espionage Act for inveighing against American entry into the First World War. Hounded out of his homeland, he fled to Russia and died of typhus, aged 32; no medicines were available on account of the Western blockade of the Russian Civil War. Reed's is one of six lives served up by historian Simon Hall in his new book. Three of them are revolutionaries – Vladimir Lenin, Mao Zedong and Fidel Castro – and three are American journalists who filed stories from the frontlines of the Russian, Chinese, and Cuban revolutions, respectively: Reed, Edgar Snow and Herbert Matthews. These are unexpected pairings, chosen, one presumes, for their convenience in enabling Hall to reconstruct his three very foreign societies with the help of a largely monoglot bibliography. The conceit is to chronicle the journeys that represented turning points in 20th-century history. In Lenin's case, it was his return to Russia from Swiss exile in April 1917. Something of a party pooper, he maintained that the February Revolution that overthrew the tsar wasn't the real deal. In good time, his comrades came around, and that's how we got the Russian Revolution. In China, meanwhile, the Long March of 1934-5 was a desperate retreat. It was also a lesson in geography and endurance. On the run from the nationalist Kuomintang party's Chiang Kai-shek, who was working with Hitler's general Hans von Seeckt, some 90,000 troops and persecuted communists made the 9,000km trek from the Jiangxi Soviet in the south to Yan'an in the north. Only about 6,000 survived, and Mao emerged as their leader. For his part, Castro returned to Cuba from Mexico in 1956 aboard the Granma, 'a creaking, leaking leisure yacht'. As one compañero put it, it was not so much a landing as a shipwreck. Not all of them managed to negotiate the mangrove thickets of Playa Las Coloradas and Fulgencio Batista's strafing planes, but Castro did. Three years later, he toppled the dictator. Hall's tired trot through the three coups is less interesting than the three scoops he describes. Besides Reed's, we have the midwestern ad man turned journalist Edgar Snow's. He spent four months swimming and playing tennis with Mao's guerrillas in Bao'an, writing up the experience gushingly in Red Star Over China. Zhou Enlai, wrote Snow, was 'every inch an intellectual', Mao a 'gaunt, rather Lincolnesque figure', and the comrades 'the freest and happiest Chinese I had known'. Hall says that Red Star Over China was 'no crass work of propaganda'. But it was. Snow would have known about Mao's purges in the Jiangxi Soviet from 1931-36, in which, it was later revealed, 700,000 people perished. Sign up to Bookmarks Discover new books and learn more about your favourite authors with our expert reviews, interviews and news stories. Literary delights delivered direct to you after newsletter promotion Herbert Matthews of the New York Times was equally starstruck by his subject. Here he is on Castro, whom he met in the Sierra Maestra mountains in 1957: 'This was quite a man – a powerful six-footer, olive-skinned, full-faced with a straggly beard.' What's more, Castro was 'not only not Communist but decidedly anti-Communist'. Matthews's dispatches went a long way in swaying American opinion against Batista's dictatorship, but needless to say, some of the more confident pronouncements about Castro's politics aged badly. Hall's potted narratives trundle along, absorbing rich period and cultural details. His strengths lie in storytelling, not history-writing, which is to say he is more at home with description than analysis. But there lies the rub. Unlike Reed, Snow, and Matthews, he is writing at one remove. This necessitates extensive quotation and, worse, lengthy paraphrases that are inevitably weaker than the lapidary originals. Three Revolutions: Russia, China, Cuba and the Epic Journeys that Changed the World by Simon Hall is published by Faber (£25). To support the Guardian, order your copy at Delivery charges may apply.
