Industry News
BROOMFIELD, Colo. (BRAIN) — Quality Bicycle Products has closed its bicycle mechanics school, U of Q, which was previously known as Barnett Bicycle Institute. The Minneapolis-based distributor said its projections pointed toward a decline in enrollment.
BRNO, Czech Republic (BRAIN) — Aspire Sports is expanding Cannondale and GT Bicycles distribution to the Baltics and the Balkans, while also distributing GT only in Austria.
TAICHUNG, Taiwan (BRAIN) — Frame tubing manufacturer Tange International Co. Ltd. will purchase frame parts manufacturer Long Shen's tooling and equipment after the owners said they are retiring.
WASHINGTON (BRAIN) — Rep. Earl Blumenauer (D-Ore.) said during a media Zoom call on Wednesday that the Import Security and Fairness Act that addresses de minimis reform is being finalized for reintroduction into Congress.
SAN CLEMENTE, Calif. (BRAIN) — YT Industries will open a customer experience center in Bentonville, Arkansas, next spring, its second "YT Mill" in the U.S.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission voted Friday to seek public comment on whether bicycle safety requirements are outdated and if they adequately address e-bikes. In addition, Commissioner Mary T. Boyle requested the agency's technical staff conduct a study of e-bike "hazard patterns."
NEW YORK (BRAIN) — The e-bike rental platform Whizz will provide 100 free helmets each month for the city's last-mile delivery workers for at least the next six months.
PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.
BRUSSELS (BRAIN) — Belgium e-bike brand Cowboy announced plans Monday to start a European bike shop network to increase its retail and service presence and complement online sales channels. Its goal is to have 300 new retailers in 60 European cities by the end of the year.
FORT WORTH, Texas (BRAIN) — Tucker Powersports is now the exclusive distributor of Rambo Electric Bikes, a brand appealing to hunters and outdoor enthusiasts.
LONDON (BRAIN) — Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.
ATLANTA (BRAIN) — Wahoo Fitness says it has eliminated all its debt with a recapatilization from new and current investors.
TAIPEI (BRAIN) — Taiwanese bike makers Giant Group, Ideal Bike Corporation and Merida Industry Co., LTD each released their first-quarter earnings reports this month.
BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What kind of benefits and perks — if any — are offered at your shop? Which benefits are the most meaningful for recruiting and retaining staff?
TAIPEI, Taiwan (BRAIN) — Giant Group has ended plans to invest about $20 million to take about a third share in Stages Cycling because the companies were unable to reach definitive agreements on the deal, according to documents Giant has filed with the Taipei stock exchange.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation experienced a swift decline in first-quarter revenue compared with its record-breaking prior year period with CEO Sean Macdonald citing "supply chain dynamics" and "challenging stocking and inventory issues."
ATLANTA (BRAIN) — Wahoo Fitness has reached a settlement with a Nevada inventor who sued the company in 2015 alleging that its Kickr trainer infringed on his patent. The inventor’s suit against Foundation Fitness (the owner of Stages Cycling) also is close to a settlement.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue decreased 19.4% year-over-year, but founder and CEO Nicholas Woodman said the company exceeded expectations for product and subscription service demand.
MONTEREY, Calif. (BRAIN) — Organizers of the Life Time Sea Otter Classic say total attendance at this year's show was 76,500, up from 71,000 last year and with a significant increase in the number of corporate brands and exhibitors at the event's expo.
MALLABIA, Spain (BRAIN) — Orbea has doubled its workforce in the last three years and now has more than 1,000 employees, with 80% of the in Spain's Basque Country.
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