Industry News
SCOTTS VALLEY, Calif. (BRAIN) — Accessory manufacturer Blackburn Design announced a partnership with Walmart on Thursday to offer products from 10 categories, including pumps, lights, locks, and tools.
BOA's full-year net revenue, including pre-acquisition revenue, was $106 million.
HOYA, Germany (BRAIN) — Hermann Hartje KG will distribute Mavic products in Denmark, Netherlands, Belgium, and Luxembourg beginning March 1.
Mavic previously was distributed in Denmark through Bike Toyz of Skodstrup, Denmark.
SEATTLE (BRAIN) — With a new study showing Seattle police have ticketed Black riders not wearing helmets nearly four times the rate as white riders since 2003, multiple advocacy groups are working to decriminalize helmet use in the city and in King County.
DENVER (BRAIN) — Emerald Expositions announced Tuesday that its Outdoor Retailer Summer 2021 show, originally scheduled for June, has been moved to Aug. 10-12. The event is held at the Colorado Convention Center in Denver.
WASHINGTON (BRAIN) — The Small Business Administration will provide businesses and nonprofits with fewer than 20 employees an exclusive 14-day Paycheck Protection Program loan application period.
CHICAGO (BRAIN) — SRAM has completed the purchase of the Time Sport pedal business from Rossignol Group.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, the parent company to BRAIN, VeloNews, and nearly 30 other active living brands has purchased Outside magazine, Outside TV, Gaia GPS, Peloton magazine, and athleteReg.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media on Monday announced the acquisition of Peloton magazine, expanding its portfolio of active lifestyle brands.
BLOOMINGTON, Minn. (BRAIN) — Of all the outdoor sports market segments, the cycling industry has been and remains the most difficult to diversify, said the woman who started the Outdoor CEO Diversity Pledge. But she's not giving up.
MATTIGHOFEN, Austria (BRAIN) — After entering the European e-bike market, motorbike giant Pierer Mobility AG, the parent of KTM Motorbike, Husqvarna Motorbikes, GasGas Motorbikes and WP Suspension, seems to smell further sales opportunities.
SANTA FE, N.M. (BRAIN) — Bicycle Technologies International has recently restructured as an Employee Ownership Trust, which co-founder and president Preston Martin said benefits employees and gives them more voice in strategic decision making.
IRVINE, Calif. (BRAIN) — Super73, which sells high-powered, fat-tired throttle e-bikes online, has closed on a $20 million investment round from Volition Capital, a Boston equity firm. The funding comes two weeks after Rad Power Bikes announced a $150 million investment.
OLATHE, Kan. (BRAIN) — Garmin Ltd.’s growth was partly led by gains in the fitness segment, which includes cycling products.
CHARLESTON, S.C. — Daniel Einhorn always knew there was a better way to do business in the bicycle industry. As a self-proclaimed outsider out of college, he owned a large retail bike store for the past decade and learned some harsh truths.
BURIEN, Wash. (BRAIN) — Lance Bohlen, one of the industry's most accomplished and knowledgeable veterans, died Tuesday after an almost eight-year battle with lung cancer.
NEWARK, Del. (BRAIN) — Gore Wear said it is taking a new approach to wholesale distribution in North America and will focus its product portfolio more on cycling apparel. Gore said it will focus on sales to a few key retailers and rely on Quality Bicycle Products for distribution to the IBD channel.
MONTREAL (BRAIN) — Dorel Industries Inc. has terminated a proposed transaction that would have taken the company off the stock exchange. The termination comes just a day before shareholders were set to vote on accepting the deal.
CHICAGO (VELONEWS) — During the first week of February, SRAM removed all PowerTap power meters for sale from its website without fanfare.
WASHINGTON (BRAIN) — A proposed e-bike tax credit is not the only industry-friendly legislation being considered by Congress this year. A revamped Bicycle Commuter Act would allow employers to reimburse bike commuters nearly $1,000 a year pre-tax.
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