Industry News
WASHINGTON (BRAIN) — The Paycheck Protection Program closed Monday with the Small Business Administration providing nearly $800 billion in relief to 8.5 million small businesses and nonprofits affected by the COVID-19 pandemic.
FAYETTEVILLE, Ark. (BRAIN) — The city has hired longtime event firm Medalist Sports to manage two high-profile cyclocross races this fall and next winter. Medalist replaces Parkven Productions, owned by Brook Watts and Kristin Diamond, which parted ways with the events last month as the race community pondered responses to Arkansas' recent anti-transgender legislation.
MADISON, Wis. (BRAIN) —Saris has announced the promotion of Jon Lewis to Global Sales Manager.
PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased a record 119% year-over-year, boosted by a jump in consolidated same-store sales and e-commerce growth.
CAMBIAGO, Italy (BRAIN) — A custom-painted Colnago C64 frameset that you can take home and ride and admire will cost you about $6,300.
LONDON (BRAIN) — Four-time Tour de France winner Chris Froome has invested an undisclosed dollar amount in cycling tech company Hammerhead and will join its advisory board.
Froome's investment comes after Hammerhead recently became a partner of his new team, Israel Startup Nation.
WASHINGTON (BRAIN) — The U.S. Senate Committee on Environment and Public Works further discussed and amended a transportation bill Wednesday morning that would make it easier for local governments to build bike lanes, sidewalks, and trails.
BOULDER, Colo. (BRAIN) — The Pro's Closet announced Wednesday it raised an additional $40 million in Series B funding that will be used to grow its workforce, develop new technological customer solutions, and possibly expand into new regions.
COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling will once again hold an in-person four-day Race Mechanics Clinic, this October in Colorado Springs.
The class is hosted by the Professional Bicycle Mechanic Association and is held at USA Cycling's headquarters.
FRANKFURT, Germany (BRAIN) — Naxicap Partners, a European private equity firm, has reached an agreement to acquire Stromer, the Swiss-based e-bike brand. Details of the agreement were not disclosed. The transaction is subject to customary approvals.
NEW YORK (BRAIN) — Peloton Interactive, Inc. has selected Troy Township in Wood County, Ohio, for its first U.S. factory. The factory will begin producing Peloton's Peloton Bike, Bike+ and Peloton Tread starting in 2023, the company said.
WASHINGTON (BRAIN) — Utah's Sen. Mike Lee has reintroduced legislation to allow bicycles on existing trails and roads in federal Wilderness areas.
WASHINGTON (BRAIN) — The Small Business Administration is offering a free regional webinar series to provide resources and knowledge to business owners continuing to recover from the financial hardships of the COVID-19 pandemic.
LOS ANGELES (BRAIN) — X Games medalist Ryan Guettler has withdrawn his suit against Hyper Bicycles, Walmart, Todson, and others over the use of his image in a photograph on the packaging of BMX accessories sold at Walmart stores.
WASHINGTON (BRAIN) — Bike commuting is the third most popular U.S. transportation mode, increasing 61% nationwide from 2000 to 2019, according to a new report published by the Bike Adviser.
SAN DIEGO (BRAIN) — Knolly Bikes Inc. has withdrawn its suit alleging that Intense Cycles was infringing on its patent on a full suspension design.
WASHINGTON (BRAIN) — Bicycle-related injuries requiring emergency-room treatment increased between 2009 and 2018, according to a Centers for Disease Control and Prevention study that also reported bicycle-related deaths went up primarily among adults.
PORTLAND, Ore. (BRAIN) — Friends and family of Stages Cycling executive Bernie Doering have launched a crowd-funding campaign to help with his recovery following an April 30 bike-car crash.
BOULDER, Colo. (BRAIN) — Outside — the parent company of BRAIN and dozens of other active lifestyle and outdoor sports media titles and brands — has relaunched its membership program under a new name: Outside+. The program includes a variety of new features and perks from our growing family of media brands, which include VeloNews, Peloton, Beta, Outside, Triathlete, and more.
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