Industry News
SAN MATEO, Calif. (BRAIN) — In a U.S. Securities and Exchange Commission filing Tuesday, GoPro said it needs more time to file its third-quarter earnings report because it hasn't completed financial close procedures and documentation for accounting and valuation of financing arrangements during the quarter.
TAIPEI, Taiwan (BRAIN) — Giant Group’s monthly revenue growth trend continued into its fourth fiscal quarter, with a 1.6% uptick in October operating revenue announced Tuesday.
BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: How’s business for kids’ bikes and accessories? What are your key challenges and best practices, and what could manufacturers do to help with this segment?
BOULDER, Colo. (BRAIN) — PeopleForBikes has released its 2026 International City Ratings, which evaluate 403 cities in 38 countries. The ratings highlight communities with safe, connected bike networks.
WEST PALM BEACH, Fla. (BRAIN) — A Florida woman refiled a lawsuit Wednesday in U.S. District Court against Walmart after the front wheel detached from the e-bike she purchased there last year and injured her son.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting its third-quarter revenues were up 6.2% over the same quarter last year, while operating profit in the quarter rose 29%. Through the first three quarters of the year Giant's revenue is down 5.1%, although operating profit for the nine months was up 4.7%.
VENICE, Calif. (BRAIN) — Commuter bike brand Linus emailed retailers this week of its plans to close by late December. Founded here in 2007, Linus manufactures urban/city bikes, e-bikes, and kids' bikes.
Speaking for the first time publicly in September since the company filed for bankruptcy on April 30, Mark Lynskey detailed a series of personal tragedies that in part led to the financial downfall.
BETHESDA, Md. (BRAIN) — At a Consumer Product Safety Commission hearing last month, PeopleForBikes recommended ways to separate low-speed e-bikes and high-speed e-motos that have created public confusion and a law in New Jersey that affected retailers there.
DULUTH, Ga. (BRAIN) — Following the sale of its Marucci business and the resignation of longtime CEO Mike Dennison, Fox Factory reported its sales were down 3.7% through the first three fiscal quarters of the year and 10.1% in the third quarter.
LOS ANGELES (BRAIN) — Hollywood Racks has acquired OttoLock. The acquisition adds a security line to Hollywood Racks' carrying and accessories lineup.
BERGAMO, Italy (BRAIN) — Bianchi on Thursday said it is continuing to operate and support its dealers and consumers while refocusing on its core strengths of racing, gravel and performance bikes. It said its first products resulting from the re-focus will be introduced early next year.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask’s parent company, Helen of Troy, announced Wednesday that its board had unanimously rejected Empower Brands Holdings Group's unsolicited purchase offer
NEW YORK (BRAIN) — Direct-to-consumer brand Priority Bicycles started a retailer program that has 47 shops already with more in the approval process.
BERGAMO, Italy (BRAIN) — The storied Italian cycling brand Bianchi has entered a restructuring mode under protection of the Court of Bergamo.
MADISON, Wis. (BRAIN) — Harry Rayfield Spehar, Trek's first product manager and a major contributor to the development of its bicycles and company culture, died on Oct. 13 at age 80 as a consequence of an aphasic stroke in June 2024.
(BRAIN) — Thule has acquired Aeroe, a New Zealand-based company specializing in bike packing bags, racks and accessories. Thule said the Aeroe products will be integrated within the Thule brand by the second quarter next year.
Malmö, SWEDEN ( BRAIN) — Swedish hydration pack and accessory maker USWE is reporting first-half sales of SEK62.8 million ($6.4 million), down 11% from the first half last year.
USWE's currency-adjusted organic growth for the period was -4%, compared to 24% growth in the period last year.
FORT LAUDERDALE, Fla. (BRAIN) — A U.S. district judge dismissed a Florida woman's lawsuit against Walmart when the front wheel of an e-bike purchased from the retailer detached and injured the rider.
OLATHE, Kan. (BRAIN) — Garmin recorded record consolidated revenue in the third quarter with a 12% year-over-year increase. Its Fitness segment, which includes cycling products, posted a 16% rise in revenue.
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