Industry News
BENTONVILLE, Ark. (BRAIN) — Attendees of the 2016 IMBA World Summit who returned to Northwest Arkansas this October for the advocacy group's Dirty 30 anniversary celebration had a nice surprise waiting for them: more than a hundred miles of new trails that weren't around when they visited just two years earlier.
It doesn't take a CPA to figure out the rate of growth.
BOULDER, Colo. (BRAIN) — U.S. wholesalers sold 7 percent fewer bikes through the first 10 months of 2018 compared with the same period last year. But the dollar value of those bikes was up nearly 6 percent, reflecting a higher average cost per bike.
WASHINGTON, Missouri (BRAIN) — A new center that will provide a number of services for light electric vehicles, including e-bikes, is slated to open next week just outside of St. Louis.
ST. PAUL, Minn. (BRAIN) — For the fourth consecutive year, Park Tool is accepting applications for its Community Grant Tool Program, which is designed to help local nonprofit cycling organizations worldwide get the tools and repair products they need.
BOULDER, Colo. (BRAIN) — The Bicycle Product Suppliers Association and PeopleForBikes are collecting data from the industry as the groups prepare to apply for exemptions from the 25 percent tariffs on Chinese-made e-bikes and e-bike motors imposed in August.
LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.
OREFIELD, Pa. (BRAIN) — Olympic cycling medalist Marty Nothstein has conceded defeat in a special election being held to fill a vacant U.S. House seat.
CHAPEL HILL, N.C. (BRAIN) — Advanced Sport Enterprises, the 2-year-old company that is parent to the Performance Bicycle retail chain, Bike Nashbar and distributor ASI, filed for Chapter 11 bankruptcy protection Friday morning.
LAGUNA BEACH, Calif. (BRAIN) — Crankbrothers has hired Megan Tompkins as its new global marketing director.
SQUAMISH, British Columbia (BRAIN) — 7mesh Apparel has appointed John Zopfi to the newly created position of general manager EMEA (Europe, Middle East, Africa). He has more than two decades of experience in the outdoor apparel business.
AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.
TAIPEI, Taiwan (BRAIN) — Cambodia, already the biggest bicycle supplier to the EU, is making up ground in the U.S. market as well due to the recent tariffs imposed by the Trump administration.
COLORADO SPRINGS, Colo. (BRAIN) — On Monday, Nov. 11, USA Cycling said it will partner with five military support organizations to provide free memberships to veterans, active military and their families in honor of Veterans Day.
RED WING, Minn. (BRAIN) — Industry companies in the Upper Midwest are lending their support to a local community college's new engineering program focused on the design and fabrication of bicycles and their components.
NEWBURY PARK, Calif. (BRAIN) — Giant Bicycles USA evacuated its offices Thursday afternoon as the Hill Fire burned behind the company's headquarters in the Conejo Valley, about 50 miles northwest of Los Angeles.
BOULDER, Colo., and WASHINGTON, D.C. (BRAIN) — PeopleForBikes and the League of American Cyclists will hold separate webinars next week addressing the midterm elections' effects on cycling.
WASHINGTON (BRAIN) — Imports of all merchandise at the nation's major retail container ports have slowed from their pre-holiday peak but remain at unusually high levels as importers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
CORONA, Calif. (BRAIN) — Troy Lee Designs has hired Dutch Schultz as chief operating officer. Schultz had been serving as an executive consultant to TLD, guiding the organization with process improvement initiatives and operational execution to support the brand's growth.
OAKLAND, Calif. (BRAIN) — Hydration product maker HydraPak has acquired insulated bottle brand Polar Bottle.
IRVINE, Calif. (BRAIN) — Watteam, which has sold some of the least expensive power meter cranks on the market since 2014, announced Friday that it is suspending production of its latest-generation product line and looking for strategic partners that can make use of its technology.
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