News
DETROIT (BRAIN) — Light electric vehicle vertical integration partner Bloom added Cleveland-based LAND Energy as its e-moto battery supplier.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenues dropped 19% year-over-year as the cycling and motorcycle protective brand's dealers and distributors continue to deal with excessive inventory levels.
WASHINGTON (BRAIN) — Some Korimefa multi-purpose helmets are being recalled because they do not comply with the Consumer Product Safety Commission's positional stability requirements for bike helmets.
About 60 helmets are affected by the recall. No injuries or incidents have been reported.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue declined 11% year-over-year, but founder and CEO Nicholas Woodman said the $155 million in sales exceeded its first-quarter target.
BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What types of insurance do you carry, and have you increased coverage in the last 1 to 3 years?
Bike shops are going out of business ... but new dealers are still stepping up to take their place.
MADISON, Wis. (BRAIN) — Dick's Sporting Goods will begin carrying Mongoose bikes this month, supplanting GT Bicycles, which ended its agreement with the box-store giant at the end of 2023.
MONTEREY, Calif. (BRAIN) — Let James Ayres, Haro Bike’s director of North American sales, put the spotlight on this season’s Sea Otter Classic: “It literally blew us away. It was borderline flabbergasting,” said Ayres in an interview.
DENVER (BRAIN) — The Colorado General Assembly has passed an expanded Right to Repair bill, but it's unclear if it will apply to e-bikes because motor vehicles are excluded.
OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenues grew 20% year-over-year — with all segments achieving record numbers during that period — while operating income increased 51%.
SEATTLE (BRAIN) — REI Co-op reported a net loss of $311 million in 2023 with yearly revenues declining 2.4% compared with the previous year.
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