Industry News
WASHINGTON (BRAIN) — The Federal Reserve infused the Paycheck Protection Program and others with $2.3 trillion in loans Thursday to further support small businesses in the wake of the COVID-19 pandemic.
BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. has suspended non-essential operations at its North American factories due to COVID-19. The company also has lowered its earnings guidance for its first fiscal quarter and suspended full-year guidance.
WASHINGTON, D.C. (BRAIN) — The U.S. Department of Interior's policy proposal last year to regulate e-bikes as traditional bikes on non-motorized lands is now under standard review with a public comment period.
FRIEDRICHSHAFEN, Germany (BRAIN) — The organizer of the Eurobike trade show says he is still uncertain whether the trade show will be held as planned in early September, and said the show has dates in late November reserved as a "Plan B" in case the COVID-19 crisis forces a postponement of the September show.
SALT LAKE CITY (BRAIN) — Some event news as the COVID-19 shuffling and re-shuffling continues: CrankTank's Impact media event tied to the Dirty Kanza 200 gravel race will move, with the race, to September.
VALLEJO, Calif. (BRAIN) — Former Cannondale coworkers Stephen Cuomo and Kevin Wren are getting the gang back together at Wren Sports. Cuomo is joining the company as vice president of sales.
CHICAGO (BRAIN) — SRAM, Thule and Aventon have joined a growing group of industry brands making or donating masks for COVID-19 responders.
Employees at SRAM's Zipp facility in Indianapolis are now making masks for hospitals in the area.
SCOTTS VALLEY, Calif. (BRAIN) — Bell and Giro have joined the Goggles for Docs program, which is sending sports goggles to healthcare workers during the COVID-19 pandemic.
DURANGO, Colo. (BRAIN) — The newest episode of the Channel Mastery podcast was produced in response to many questions about the typical consumer mindset during the pandemic.
SAN DIEGO (BRAIN) — Performance eye protection has been a focus of 100% with its lines of sunglasses and goggles.
Until two weeks ago.
Now the focus is clearly necessary eye protection.
SEATTLE (BRAIN) — Evelo, a Seattle-based e-bike brand, has access to personal protective equipment, including face masks, from some of its Chinese and Hong Kong suppliers.
WATERLOO, Wis. (BRAIN) — Trek Bicycle is offering free home delivery throughout the continental U.S. for online bike orders through May 1 to provide better access to cycling during the COVID-19 pandemic.
BLOOMINGTON, Minn. (BRAIN) — QBP has laid off 12% of its workforce, about 80 employees, the company confirmed Friday. Some other distributors are making workforce reductions as well.
NEW YORK (BRAIN) — E-bikes and e-scooters officially became legal Thursday night when the state Assembly approved Gov. Andrew Cuomo's bill that was introduced in his executive budget in January.
ALEXANDRIA, Va. (BRAIN) — A U.S. Patent and Trademark Office board ruled that Century Sports, Inc. abandoned the Ross bicycle trademark, opening the door for Ross family members to register it and relaunch the brand.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Due to the COVID-19 pandemic, Outdoor Retailer has canceled its 2020 Summer Market, originally scheduled for June 23-25 at Denver's Colorado Convention Center.
BOULDER, Colo. (BRAIN) — PeopleForBikes updated the bike industry Thursday with some sobering numbers, as well as some more resources for employers.
Last week, a record 6.6 million Americans applied for unemployment. In the past two weeks, it's nearly 10 million.
NEW YORK (BRAIN) — Sears Holdings Corporation, which filed for bankruptcy in late 2018, is trying to recover millions of dollars in payments it made to vendors in the days prior to the filing. Those vendors include Bell Sports, Kent International, Cycle Force Group, and Bicycle Doctor of Broward.
SALT LAKE CITY (BRAIN) — The founders of Trust Performance, a suspension brand launched by a team of industry veterans, announced Thursday that they are shutting down the company about five years after its beginnings.
BOULDER, Colo. (BRAIN) — The U.S. Labor Department reported that more than 6.6 million people filed new claims for unemployment benefits last week, surpassing the record set just a week prior. In the bike industry, the news is nearly as devastating, with perhaps half of bike shops in the U.S.
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