Industry News
OLD FORT, N.C. (BRAIN) — Kitsbow Cycling Apparel, an employee-owned benefit corp that manufactures locally here east of Asheville, will close in about three weeks after failing to raise enough capital during a community financing round.
WASHINGTON (BRAIN) — The E-BIKE Act has been reintroduced into Congress, renewing hope that a federal tax credit for e-bike purchases can be passed.
NEW YORK (BRAIN) — In addition to signing off on the lithium-ion battery safety legislative package on Monday that the City Council passed earlier this month, Mayor Eric Adams announced further action in response to the city's escalating fires caused by micromobility devices.
ASHEVILLE, N.C. (BRAIN) — Shanna Powell says her path to becoming a successful entrepreneur in the bike industry is a "roundabout, twisty, weird one."
CHICAGO (BRAIN) — Flyer Electric Bikes is expanding distribution and will offer a free e-bike to new in-store and mobile stocking and non-stocking retailers if they sign up for the brand's dealer network through Beeline Connect by May 1.
CHICAGO (BRAIN) — ABUS has added HLC and Serfas as U.S. distributors. ABUS said both distributors have "excellent" warehousing and shipping teams that will improve the retail ordering experience.
DANA POINT, Calif. (BRAIN) — “It takes a substantial investment to change the status quo, but it can be done,” said Bonnie Tu, chairperson of Giant Group.
DANA POINT, Calif. (BRAIN) — As the Bicycle Leadership Conference got underway Tuesday night several keynote speakers noted it's been a tough year for the industry. And much of the chatter among attendees focused on the ongoing inventory oversupply facing most bicycle suppliers.
SAINT-GEORGES, Quebec (BRAIN) — Canadian bike brand Rocky Mountain has acquired the German bicycle distributor BikeAction. Since 1988, BikeAction has been the brand's distributor in Germany, Austria, the Benelux, Slovakia, the Czech Republic, and Slovenia.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What percentage of your ‘COVID customers’ are still riding? What programs or initiatives do you usually implement to keep people on their bikes and how does your local community foster cycling?
DENVER (BRAIN) — Niner Bikes founder Chris Sugai has joined Gates as general manager of Gates Global Mobility.
ANCHORAGE, Alaska (BRAIN) — The Bureau of Land Management is considering allowing e-bikes on the Campbell Tract, which is a 730-acre Special Recreation Management Area (SRMA) here.
REICHSHOF, Germany (BRAIN) — The privately-owned company that owns the tire brand Schwalbe is reporting 2022 sales of 335 million euros ($359 million), up 20% from the year prior. It was a new company sales record in its 50th anniversary year.
TAICHUNG, Taiwan (BRAIN) — Giant Group's revenue was up 12.5% last year, to NT$92.04 billion ($2.99 billion) up from NT$81.8 billion in 2021.
(BRAIN) — Life Time Group Holdings, which owns multiple endurance bike events and the Sea Otter Classic, reported revenue of $1.8 billion for its fiscal year 2022, up nearly 38% from the year prior.
LONG BEACH, Calif. (BRAIN) — Virtual cycling brand Zwift is letting go 15% of its staff in its latest round of layoffs. The company also cut workers last May and November.
BOISE, Idaho (BRAIN) — Selle Italia will form its own North American subsidiary here and hired Justin Harvey to manage it. Current distributor Lucidity Business Development will end its relationship with the saddle brand March 15.
In addition to Selle Italia, Harvey will manage San Marco and idmatch.
NEWARK, N.J. (BRAIN) — A sentencing hearing has been rescheduled for Samuel J. Mancini, who pleaded guilty last year to securities fraud related to a fund with plans to buy several Italian cycling brands.
LOUISVILLE, Colo. (BRAIN) — British outdoor brand Rab is launching its first collection of cycling apparel this spring. The collection aimed at off-road rides includes about 30 styles and will be available online and through a handful of retailers, the company said.
PHILADELPHIA (BRAIN) — The Philly Bike Expo, one of the country's largest consumer expos, is moving from its traditional fall timeframe to springtime next year. The show's next edition will be March 16-17, 2024, at the Pennsylvania Convention Center.
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