Industry News
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.
WESTPORT, Conn. (BRAIN) — Compass Diversified (CODI), the owner of Boa, Lizard Skins, PrimaLoft and other brands, had net sales of $542 million in its first quarter, up 6% from the same quarter last year.
NEW YORK (BRAIN) — Emerald Holding, Inc. had revenues of $122.3 million for the first quarter of 2023, an increase of 24.2% over the same period last year. Net income was $7.1 million for the quarter, compared to $16.1 million for the first quarter of 2022.
DENVER (BRAIN) — Capo Cycling Apparel has been acquired by industry veteran Zach Spinhirne-Martin from its founders, Robert Carbone and Gary Vasconi.
Capo, founded in 2004, is a U.S.-based brand that sells Italian-made apparel.
DULUTH, Ga. (BRAIN) — Fox executives said the decline was a return to seasonality after several years of pandemic-driven demand for its Speciality Sports Group products.
Boulder, Colo. - May 4, 2023 – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, announced the launch of a new cycling media product, Velo, at an industry webinar today.
ANOKA, Minn. (BRAIN) — Vista Outdoor’s Action Sports business unit recorded net sales of $496 million in its most recent fiscal year, a 23% increase from the prior year.
OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%.
SAN FRANCISCO (BRAIN) — A bike rider is suing Rad Power Bikes here in superior court claiming his Rad Runner Plus e-bike caused him to fall and sustain injuries and property damage.
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