Industry News
SEATTLE (BRAIN) — REI Co-op reported a record $3.85 billion in sales in 2022, an increase of 3.2% year-over-year. It released its financial results and impact report Wednesday.
MONTEREY, Calif. (BRAIN) — Ryder Innovation, a South African tool and accessories brand, has opened an office in St. Petersburg, Florida, and is displaying at the Sea Otter Classic Expo this week, for the first time,
SEATTLE (BRAIN) — REI Co-op will close its downtown Portland, Oregon, store early next year in reaction to increased break-ins and thefts.
LEXINGTON, S.C. (BRAIN) — HLC will become the exclusive North America distributor of Yuba Bikes, with cargo and e-cargo models and add-ons available on HLC's website in early May.
NEW YORK (BRAIN) — The City Council on Monday introduced two more bills in response to escalating lithium-ion battery fires in the city.
MINNEAPOLIS (BRAIN) — Erik's Bike Shop is now authorized to ship Specialized bikes purchased from its website directly to consumers in the U.S.
(BRAIN) —Rob Einaudi hadn’t worked in a bike shop since the mid-1990s. After a couple decades of experience with automotive marketplaces and communities, this lifelong avid cyclist was looking for a way back into the bike industry.
PARK CITY, Utah (BRAIN) — The German e-commerce company Signa Sports United is opening its wholesale business, Hotlines, in the U.S. market for the first time.
BOULDER, Colo. (BRAIN) — For our April magazine edition, we asked our State of Retail panel members: What are the most profitable categories in your store currently, and have they changed since COVID-19? Which categories have you dropped or added?
AMSTERDAM (BRAIN) — Pon Holdings revenue increased 23% year-over-year to reach $10 billion euros ($10.9 billion) for the first time in company history, while Pon.Bike revenue was 2.4 billion euros ($2.62 billion).
MELBOURNE, Australia (BRAIN) — Reid Cycles restructured its retail network to "right-size," including closing three locations with plans to close another and naming its international managing director, Rob Akam, group CEO.
BOULDER, Colo. (BRAIN) — The Life Time Sea Otter Classic official Festival Guide is now available online for reading and download.
PORT COQUITLAM, British Columbia (BRAIN) — HLC is now the exclusive outside sales agency for Norco Bicycles in the U.S. Norco will continue providing dealers with direct inside sales, customer service, credit and warranty support.
SCOTTS VALLEY, Calif. (BRAIN) — Sources at Bell and Giro tell BRAIN that the Vista Outdoor brands made significant staff layoffs this week, especially in the marketing, brand, and creative departments.
TAIPEI, Taiwan (BRAIN) — Gary Fisher is back where he wants to be — in Taiwan, hanging out with longtime industry friends at the Taipei Cycle show, but also more generally, back in the game, designing bikes he believes will change the industry, and even the world.
MONTEREY, Calif. (BRAIN) — Despite California’s record amount of rain and snow, Weathertech Raceway Laguna Seca, home to the Sea Otter Classic, is in good shape and should pose no issues for exhibitors and consumers at the April 19 through April 22 show, said Frank Yohannan, Sea Otter’s chief executive officer.
WEST PALM BEACH, Fla. (BRAIN) — SRAM LLC has requested a new trial after a jury handed Princeton Carbon Works a win last month in a patent infringement suit.
(BRAIN) — A marketplace website will offer consumers a way to buy and sell pre-owned Kitsbow Cycling Apparel. The Kitsbow Experienced Apparel website — created and operated by Treet — recently uploaded design and photo-shoot samples, and items from its gear library, including
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation recorded record revenue for 2022 despite a fourth-quarter losses of 53%. The protective gear brand reported full-year revenue of $76.3 million, up 5% year-over-year.
GOUDHURST, England (BRAIN) — Whyte Bikes acquired Quench Cycles after the retailer shut down over the holidays following 18 years in business.
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