Industry News
SEATTLE (BRAIN) — Rad Power Bikes will close its New York-area Rad Retail location as part of necessary organizational changes, according to a company spokesperson.
SANTA FE, N.M. (BRAIN) — The 24th Cranksgiving bicycle-inspired food drive is underway nationwide and for the first time attracting additional industry sponsorship.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported third-quarter revenue was down 48% and revenue for the first nine months of 2023 dipped 43% year-over-year.
CEO Sean Macdonald said he remains optimistic about the protective gear brand.
LEXINGTON, S.C. (BRAIN) — HLC had a round of layoffs that included some of its e-commerce business solutions team, while sources told BRAIN the South Carolina-based distributor will close its Texas and Pennsylvania distribution centers.
WESTPORT, Conn. (BRAIN) — Fox Factory is striking out in a new direction with the acquisition of Marucci Sports, a baseball and softball equipment brand.
Sales decline as the company prepares to sell of its ammunition business unit and spin its outdoor sports brands in a new company called Revelyst. The CEO of Revelyst said the company plans to focus on its "highest potential" brands and may sell other brands.
OLATHE, Kan. (BRAIN) — Garmin Ltd.’s third-quarter revenue increased 12% year-over-year buoyed by the Fitness segment’s growth across all categories.
PORTLAND, Ore. (BRAIN) — Of all the concept bikes shown here at the MADE framebuilder show, in August, the full-titanium triple tandem “Sch:Long” from Schwift Cycles was likely the most expensive — and downright bonkers — electric bike on display.
PORTLAND, Ore. (BRAIN) — Rep. Earl Blumenauer, who has championed bicycle and climate legislation during his long career in Washington, announced he will not seek re-election in 2024.
Blumenauer, 75, served as Oregon's 3rd Congressional District for 27 years.
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs.
CHICAGO (BRAIN) — PedalCell, a manufacturer of weather-proof generators for electronics charging, announced it will cease operations on Jan. 1.
STOCKHOLM (BRAIN) — Thule Group third-quarter net sales increased 8% year-over-year with bike-related product demand in the European market boosting the surge.
STRATFORD-UPON-AVON, United Kingdom (BRAIN) — Pashley Cycles will invest in the sustainable transportation market by starting a crowdfunding campaign to help support product development in e-cargo delivery bikes, electric assist leisure bikes, and bike-share products.
STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.
BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: What’s your experience with, and assessment of, click-and-collect programs?
NEW YORK (BRAIN) — The City Council met with the city's Committee on Consumer Worker Protection on Monday to discuss a bill that would require third-party delivery app companies like DoorDash to provide workers access to certified e-bikes and batteries and another that would require workers taking an e-bike safety c
TOKYO (BRAIN) — Shimano is reporting that sales in bike-related products were down 24.8% in the first three quarters of its fiscal year, compared to the same period last year. The company's operating income in its bike business was down 48.8% over the same period.
FORT MILL, S.C. (BRAIN) — Continental Tire has named Quality Bicycle Products its "Preferred Distributor in the US and Canada," and the German tire company said QBP, which has been selling Continental products for more than a decade, will begin carrying a wider selection this fall.
PARK CITY, Utah (BRAIN) — Signa Sports United has closed its U.S. offices, which included operations for the Vitus and Nukeproof bike brands and the Hotlines wholesale distribution business, all based in Park City.
PARK CITY, Utah (BRAIN) — Lost Paddle Events will produce two e-bike events next year: a second edition of its (e)revolution Denver show in late May preceded by a new outdoor trade/consumer show in Orange County, California, in April.
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