Industry News
CHICAGO (BRAIN) — SRAM said it has hired outside specialists to investigate an IT systems outage that caused the company to shut down its wholesale ordering system and other systems last month.
SAN LUIS OBISPO, Calif. (BRAIN) — Longtime industry member John Neugent died recently at age 76. Neugent worked for Service Cycle, led Sachs USA and worked with several other brands before opening his own consumer-direct wheel brand, Neuvation, in about 2004.
IWATA, Japan (BRAIN) — Yamaha Motor Co. has agreed to buy Brose's e-bike drive unit subsidiary.
TUCSON, Ariz. (BRAIN) — A speaker at last week’s Bicycle Leadership Conference declared “uncertainty” the Word of the Year for this industry and others, with much of the prevailing unease related to U.S. tariffs that have taken effect or been threatened.
LAS VEGAS (BRAIN) — A year after announcing an expanded lineup, Haro is fleshing out its product line with new aluminum-framed full suspension mountain bikes, new e-bikes and other adult models being introduced at CABDA West and Sea Otter next month.
TAIPEI, Taiwan (BRAIN) — Gary Fisher's e-bike startup brand Morelle Bikes will debut at the Sea Otter Classic next month, Fisher told BRAIN during the opening day of the Taipei Cycle show.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle show begins Wednesday with an estimated 980 exhibitors from 35 countries participating at the Nangang Exhibition Center.
OAKLAND, Calif. (BRAIN) — The National Labor Relations Board filed a complaint against REI Co-op on Thursday, finding it broke the law by withholding raises and annual bonuses from workers at the chain's 11 unionized stores.
SALT LAKE CITY (BRAIN) — After adding a click-and-collect program last month, Scott USA announced Wednesday a direct-to-consumer option, with bikes, accessories, and Syncros products available at four U.S. online retailers.
WASHINGTON (BRAIN) — The 25% U.S. tariffs on steel and aluminum that took effect Thursday apply to bicycle chains, some bike cables, perhaps some locks, and a wide variety of hardware and other products that are used in bike shops and by manufacturers.
TAIPEI, Taiwan (BRAIN) — Taiwanese manufacturer Merida Industry Co., which owns 35% of Specialized Bicycle Company, recorded a non-operating loss of over $100 million related to that investment in 2024, as the U.S. bike brand took a deferred tax loss and write-downs on its retail operations.
TAIPEI, Taiwan (BRAIN) — Giant Group reports that its operating profits declined 60% last year as it wrote down NT$1.9 billion ($57.6 million) in inventory provision losses, recognizing the decline in inventory value due to discounting.
SEATTLE (BRAIN) — Rad Power Bikes named Kathi Lentzsch its new CEO. She comes to Rad Power from Bartell Drugs, where she was CEO from 2018 to 2020.
HO CHI MINH CITY, Vietnam (BRAIN) — One of Vietnam's largest importers for the domestic market would welcome reciprocal tariffs with the U.S., if they led to a new trade deal and reduced Vietnam's current high import duties on U.S. products.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales slightly increased year-over-year in the fourth quarter, while full-year net sales rose 3.5%.
SEATTLE (BRAIN) — Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff as it continues to pivot more toward Rad Retail and local bike shops.
PHILADELPHIA (BRAIN) — Nearly 5,000 people attended the Philly Bike Expo on Saturday and Sunday at the Philadelphia Convention Center, with show director Bina Bilenky saying the show is returning to pre-COVID numbers.
A version of this feature ran in the March issue of BRAIN.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your top strategies and biggest obstacles when it comes to recruiting and retaining staff?
TAICHUNG, Taiwan (BRAIN) — China’s Zhonglu Co, through one of its subsidiaries, has acquired a 21% share in Factor Bikes while a private equity firm that includes Factor CEO Rob Gitelis also has made an investment. Together the two entities have acquired a majority share in Factor from exiting non-management shareholders, the company told BRAIN.
PHILADELPHIA (BRAIN) — The Philly Bike Expo began as a show catering to the custom framebuilder, but it evolved into a gathering of the whole bike industry with large and small brands mixing with single-person frame, paint, and manufacturing shops.
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