Industry News
WASHINGTON (BRAIN) — Rep. Linda Sánchez on Tuesday introduced legislation to close the de minimus loophole that allows the duty-free importation of packages valued at under $800.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
WASHINGTON (BRAIN) — President Donald Trump announced on social media Thursday that he will impose an additional 10% tariff on imports from China, on top of the 10% he announced earlier this year.
BENTONVILLE, Ark. (BRAIN) — A program to help global cycling startups get established — and possibly do business in Arkansas — has chosen 10 participants for its first year.
LAGUNA BEACH, Calif. (BRAIN) — Helmet industry veteran Greg Shapleigh has been named chairman of HighBar, which launched a helmet retention system last year with Canyon.
BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory has acquired mountain bike brand Nukeproof from Frasers Group. Nukeproof — currently unavailable in the U.S. — will re-enter the U.S.
OTTOBRUNN, Germany (BRAIN) — Porsche eBike Performance GmbH announced Tuesday it will build a battery production facility in Sveta Nedelja, Croatia, that will open next year.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2024 buoyed by a year-over-year 23% increase in the fourth quarter that was led by Fitness segment sales.
SCHAUMBURG, Ill. (BRAIN) — CABDA Midwest closed Thursday with its traditional bagpipe serenade, and retailers and industry members packed up and headed out into the snow until next year.
A few highlights from the floor from Day 2:
WASHINGTON (BRAIN) — President Donald Trump on Thursday released an executive memo instructing officials to prepare to impose reciprocal tariffs on a global basis as soon as April 2.
SCHAUMBURG, Ill. (BRAIN) — CABDA's Midwest show opened here Wednesday. Despite a wintery-mix event happening outside the Schaumburg Convention Center, dealers from across the Midwest and exhibitors from around the world showed up for a busy day.
ANNAPOLIS, Md. (BRAIN) — A Maryland state senator introduced a bill in January that would have required e-bikes to be registered and titled but later amended it to eliminate those requirements.
TOKYO (BRAIN) — Shimano’s sales last year amounted to 451 billion yen ($2.94 billion), down 4.9% from the year before. Operating income and ordinary income also were down while net income was up 25%.
CARLSTADT, N.J. (BRAIN) — Velo Star is moving its operations from New Jersey to Oklahoma City this winter as it pivots to focus on sales and distribution of Italy’s Wilier Triestina bikes.
The new event, called the U.S. Bicycle Market Forum, is targeted at international brands either operating or hoping to operate in the U.S. bike and e-bike market.
WASHINGTON (BRAIN) — President Donald Trump on Friday reversed the step he took on Monday to close the de minimis loophole, which allows packages valued at less than $800 to enter the U.S. duty free.
LONGMONT, Colo. (BRAIN) — Dirtlabs Suspension service now will offered at REI Co-op bike shops nationally.
STOCKHOLM (BRAIN) — Thule Group net sales for the fourth quarter increased 7.2% year-over-year thanks to revenue from Thule's recent acquisition, Quad Lock.
SAN MATEO, Calif. (BRAIN) — GoPro revenue decreased 32% year-over-year in the fourth quarter and 20% in 2024 with its founder and CEO saying the action camera brand intends to reduce expenses this year.
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