Industry News
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PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 3.6% year-over-year in the second quarter and after an organizational review eliminated some customer support center jobs on Monday.
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CYPRESS, Calif. (BRAIN) — Yamaha Bicycles started a click-and-collect program through its network of dealers, giving customers the option to buy online and pick up at the nearest Yamaha dealer.
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NEW YORK (BRAIN) — Peloton launched a B2B division that will offer its hardware and interactive software to clients in hospitality, corporate wellness, gyms, and community wellness.
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NEW YORK (BRAIN) — E-bike reseller Upway will offer a repair program exclusively for VanMoof owners here beginning the week of Sept. 4.
![Jonathan Minks. Jonathan Minks.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/jonathan_minks.jpeg?itok=okzZ1Mvh)
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: What do you do for professional development?
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LEWISTON, Idaho (BRAIN) — After Vista Outdoor splits into two companies later this year, the ammunition and shooting sports business will be called The Kinetic Group.
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CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's second-quarter revenue decreased 31% year-over-year despite mountain bike and moto helmet sales increasing 48% compared with the same time last year.
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TAIPEI (BRAIN) — In the U.S., the concept of Environmental, Social and Governance reports has set off an economic/cultural/political "debate," as so many things do. But in Taiwan, ESG reports offer some useful data.
![First-half imports of adult bikes were down steeply in units and also in dollar volume. First-half imports of adult bikes were down steeply in units and also in dollar volume.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/first-half_imports_of_adult_bikes_2018-2023_bicycleretailercom.png?itok=S5obEfKb)
WASHINGTON (BRAIN) — Bike imports were down steeply in the first half of the year compared to the year prior, even as the average import value of bikes increased significantly.
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TAIPEI, Taiwan (BRAIN) — Giant Group said the China market's interest in performance cycling drove a 70% sales increase in the half there. However, sales for Giant-branded products in Europe were down 12% in the half, and in the U.S., they were down 44%, the company reported.
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(BRAIN) — Citing the "ongoing economic challenges" within the bike industry," The World Federation of the Sporting Goods Industry has postponed its World Cycling Forum 2023 to a later date. The Forum was scheduled for next month at the IAA Mobility conference in Munich, Germany.
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OLATHE, Kan. (BRAIN) — Led by the Fitness segment's double-digit revenue growth, Garmin Ltd. second-quarter revenue increased 6% year-over-year.
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(BRAIN) — Sales in Fox Factory's Speciality Sports Group, comprised of its bicycle-related brands Fox, Marzocchi, RaceFace and Easton, were down 41% in the company's second quarter. The company said the decrease was "driven by higher levels of inventory across various channels."
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SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue declined 3.9% year-over-year despitethe company's return to pre-pandemic pricing in the second quarter and retail-channel revenue growth of 6%.
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BETHESDA, Maryland (BRAIN) — Mike Fritz left last week's Consumer Product Safety Commission public hearing on lithium-ion battery safety confident he and other industry representatives convinced the agency mandatory regulations are needed.
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NEW YORK (BRAIN) — E-mobility rental and sales company micromobility.com submitted a non-binding bid to acquire e-bike brand VanMoof, which was declared bankrupt by the court of Amsterdam on July 17.
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VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter.
![The Reid Ladies Classic is among the bikes being liquidated in Canada. The Reid Ladies Classic is among the bikes being liquidated in Canada.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/unnamed-2_42.jpg?itok=vwbfrCOk)
TORONTO (BRAIN) — Auctionmaxx, a Canadian liquidation specialist, has agreed with a court-appointed appointed receiver to acquire about 2,260 Reid bikes from Reid’s Canadian distributor, Vellend-Tech Inc. Velland-Tech entered receivership this spring after failing to make payments on a bank credit line.
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the parent of bike events including the Leadville 100, the Sea Otter Classic and Unbound Gravel, reports that revenue in its "other" category was up 25.7% in the first half of the year.
![FDNY photo from a battery-charging business it shut down this year. FDNY photo from a battery-charging business it shut down this year.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/fpxjrgvx0aa3yiv.jpeg?itok=oUbA6t4K)
BETHESDA, Md. (BRAIN) — Mandatory federal regulations will be necessary to curb the growing fire danger from lithium-ion batteries, industry representatives said at a Consumer Product Safety Commission public hearing Thursday.