Industry News
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's direct-to-consumer sales increased significantly in the second quarter, resulting in a 1% year-over-year revenue gain, as the bike and moto protection brand plans to enter a new market category.
SEATTLE (BRAIN) — Specialized and a Washington man who said he was injured due to an alleged flaw in a Specialized e-MTB have told a judge they've reached a settlement. The move comes about two months after the plaintiff asked the court to enforce a settlement agreement that Specialized said was not final.
AMSTERDAM (BRAIN) — Dutch news sites are reporting that the Amsterdam district court has declared Accell Group bankrupt.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: What trends do you see with aftermarket electronics? What are your store's best practices and challenges with selling them?
SAN MATEO, Calif. (BRAIN) — Founder and CEO Nicholas Woodman said GoPro is in the "later stages of the process" to sell or merge the financially struggling company. Woodman spoke Monday during the company's second-quarter earnings call, when GoPro announced revenue declined 31% year-over-year.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting a strong second quarter, with improved revenues and profits compared to the same period last year.
NEW YORK (BRAIN) — Sales in Fox Factory's Speciality Sports Group, which includes its bicycle business, were down 9.4% in the company's second quarter, compared to the same period last year.
NEW YORK (BRAIN) — Mayor Zohran Mamdani said Wednesday legal action will be taken against online retailers selling e-bikes, e-scooters, and other motorized devices that exceed speed, weight, or fail to meet other mandatory city safety requirements.
HEERENVEEN, Netherlands (BRAIN) — Nearly six months after securing new investors with the goal of restructuring and reducing debt, Accell Group announced Wednesday that it has started insolvency proceedings.
WASHINGTON (BRAIN) — The number and value of non-electric bikes imported in the first half of 2026 increased slightly over the same period last year, new figures show. And the imported bikes’ country of origin shifted again as the industry hustles to respond to tariff changes amidst queasy market conditions.
WASHINGTON (BRAIN) — More than 10 months after Customs and Border Protection blocked U.S. imports from Giant Group’s Taiwan factory over alleged forced labor violations, there is little sign of resolution, despite the company’s reforms. Legal experts say it could be many more months before a resolution.
NORFOLK, Va. (BRAIN) — A Virginia Beach woman is suing Amazon and a Chinese e-bike brand for $1 million after alleged brake failure led to facial and body injuries.
TAIPEI (BRAIN) — Merida Industry's president and Chief Information Security Officer resigned in July.
OLATHE, Kan. (BRAIN) — Garmin's Fitness segment once again helped the company post an 11% year-over-year consolidated revenue increase in the second quarter.
TOKYO (BRAIN) — Shimano says soaring raw material costs due the Middle East war may force it to slightly raise prices on bicycle components next month.
WATERLOO, Wis. (BRAIN) — Trek Bicycle announced Monday that all electric mountain bikes it sells will be class 1, be limited to 20 mph assisted speed, and will not have a throttle.
SAN MATEO, Calif. (BRAIN) — The Nasdaq Stock Market notified GoPro again on Tuesday its Class A common stock has been below the minimum bid price of $1 for 30 consecutive days, which is in violation of listing rules. It's the latest sign of a struggling action camera brand that's exploring selling or merging.
RAPID CITY, S.D. (BRAIN) — Strider Bikes is now the exclusive authorized retailer for Kellys children's bikes in the United States.
Kellys is a major European bike brand, founded in Slovakia in 1991, but rarely seen in the U.S.
ASHEVILLE, N.C. (BRAIN) — Cane Creek Cycling Components is permanently reducing the price of up to 25% on two more components about a year after dropping the price of its Tigon air-charged coil shock.
WASHINGTON (BRAIN) — The Trump administration on Thursday announced new Section 301 tariffs of 10% and 12.5% that apply to 99.4% of all imports, including those from the major bike-producing nations of Taiwan, China, Cambodia, Vietnam and Malaysia.
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