Industry News
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 22 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.
OSAKA, Japan (BRAIN) — Shimano’s bicycle component sales increased 4.6% to ¥278.4 billion ($1.76 billion) in the first nine months of the company’s fiscal years while operating income in the division increased 10.9% over the period.
TRENTON, N.J. (BRAIN) — An assemblywoman will hold an e-bike demonstration and education day conducted by Velotric representatives on Thursday at the State House.
STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales grew 3% year-over-year despite a continued sluggish North America market.
SANTA BARBARA, Calif. (BRAIN) — A man is suing a bicycle shop and Rad Power Bikes after the front wheel of his e-bike detached after applying the brakes, causing various injuries when he was thrown to the pavement.
(BRAIN) — According to a health data and analytics company report, e-bike injury rates increased 760.2% between 2023 and August 2026 while traditional bike injuries remained fairly stable, rising 7.9%. However, the study didn't separate e-bikes from e-motos.
WILTON, Conn. (BRAIN) — Cannondale is closing its longtime headquarters building here and consolidating its North American sales and operations in Santa Cruz, California. California is home to fellow Pon.Bike-owned brands Santa Cruz and Cervélo.
STOCKHOLM (BRAIN) — Led in part by the 12th consecutive quarter of growth in its Sports sub-category, MIPS' net sales increased 59% year-over-year in the third quarter.
DULTUH, Ga. (BRAIN) — Fox Factory announced Friday that Mike Dennison is stepping down as CEO and board member. The board has appointed board member Doug Grimm as interim CEO and hired an executive search firm to find a permanent replacement for Dennison, who had been CEO since 2019.
BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: Which point-of-sale system do you use? Are you using any AI tools along with it? How satisfied are you with its performance, cost, and features?
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