Industry News
KETCHUM, Idaho (BRAIN) — Ten years ago, about the time Scott Montgomery was co-founding the CrankTank industry marketing company, Search Engine Optimization (SEO) was still all the rage. Brands, e-commerce sites and online publishers researched key words and spread them out over their marketing copy in hopes that Google would rank their site high in its results.
BLOOMINGTON, Minn. (BRAIN) — Sidi is working with its exclusive U.S. distributor, QBP, to launch a new consumer website. The site, which is managed by QBP, offers direct sales and points consumers toward nearby stores.
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best financial year ever in 2025, with revenue increasing 27% and has now sold more than two million bikes since beginning in 2013.
SAN MATEO, Calif. (BRAIN) — The U.S. International Trade Commission upheld a judge's initial finding that a Chinese company violated federal law by importing and selling cameras that infringed on GoPro's intellectual property.
DULUTH, Ga. (BRAIN) — Fox Factory is reporting fourth-quarter sales of $118 million in its Specialty Sports Group business unit, which contains its bicycle and baseball/softball brands. The figure is 5% down from the fourth quarter last year.
WASHINGTON (BRAIN) — The latest import figures show the U.S. imported 8.54 million bikes last year, 21% fewer than in 2024 and the lowest number in at least a decade.
SACRAMENTO (BRAIN) — A bill introduced last week in California would better differentiate e-bikes from high-powered e-motos and mopeds in response to safety concerns in the state. Introduced by Sen. Catherine Blakespear, SB 1167 aims to regulate higher-powered devices according to speed, power, and intended use.
WALNUT CREEK, Calif. (BRAIN) — A California law firm has filed class-action lawsuits against Giant and Specialized, on behalf of separate plaintiffs, alleging the bike companies’ website charge online consumers hidden fees.
WASHINGTON (BRAIN) — Several major bikes brands, including Trek, Specialized and Shimano, are among the thousands of U.S. companies, including major corporations like Costco, Goodyear Tire & Rubber Company, and Toyota, that are suing the U.S. government to get in line to recover tariffs paid under the International Emergency Economic Powers Act, which the Supreme Court ruled illegal on Friday.
BOULDER, Colo. (BRAIN) — Soon after Friday's decision by the Supreme Court ruling the Trump administration's use of the IEEPA law to impose tariffs was illegal, industry group PeopleForBikes urged industry member to work to avert another tariff threat: an aluminum and steel tariff proposed for all bikes and e-bikes last year.
BOULDER, Colo. (BRAIN) — Industry members praised the Supreme Court’s decision Friday that ruled illegal President Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs. But they aren't holding their breath for the benefits to trickle down to the marketplace.
BLOOMINGTON, Minn. (BRAIN) — QBP plans to change how it utilizes its four distribution centers, acknowledging retailers using the Colorado facility are at a disadvantage.
HEERENVEEN, Netherlands (BRAIN) — After leading a group that purchased Accell Group in 2022 for approximately $1.77 billion, US-based investment giant KKR has stepped away from the troubled Dutch bicycle conglomerate, as a new ownership group led by its lenders takes over.
BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: How does your shop handle e-bike service requests?
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2025, a 15% increase over the previous year, with all segments posting full-year all-time gains. For the fourth quarter, Garmin's revenue increased 17%.
TAICHUNG CITY, Taiwan (BRAIN) — Giant Group founder King Liu died Monday at the age of 93. Liu founded Giant in Taiwan in 1972 and co-founded Giant Manufacturing Co., Ltd., and eight years later built it into the largest bike manufacturer in the country and second largest in Asia.
STOCKHOLM (BRAIN) — MIPS net sales increased 2% year-over-year in the fourth quarter and 10% for the year despite tariff concerns in the U.S.
OSAKA, Japan (BRAIN) — As the global industry adjusted to market inventories and other realities, regional results varied widely for Shimano last year. The Japanese component giant’s full-year 2025 sales in its bike division totaled 355 billion yen ($2.3 billion), up 2.7% from 2024.
STOCKHOLM (BRAIN) — Thule Group net sales increased a little more than 9% year-over-year both in the fourth quarter and in 2025 helped by product updates in the company's Sports & Cargo Carriers category.
LONDON (BRAIN) — Head Group has acquired the London-based cycling apparel brand Le Col from Puma Growth Partners, which has invested at least 14.4 million pounds ($19.5 million at today's exchange rate) in the brand since 2018.
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