Industry News
![Brad Burton. Brad Burton.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/brad_burton_0.jpg?itok=bWQlp8j7)
BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: Which point-of-sale system does your shop use, what are the costs, and how satisfied are you with it?
![Chris Nolte, left, and Justin Kosmides. Chris Nolte, left, and Justin Kosmides.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/thumb.jpeg?itok=iWWIpk-s)
DETROIT (BRAIN) — The co-founders of Propel Bikes and Vela Bikes announced Monday the creation of Bloom, a vertical integration partner for light electric vehicles, with its first manufacturing location in the Motor City.
TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first three quarters of the year were NT$62.1 billion ($1.97 billion), a decrease of 12.4% from the same period last year. The manufacturer's net income after tax was NT$3.12 billion, a 45% decrease year-over-year.
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SEATTLE (BRAIN) — Rad Power Bikes will close its New York-area Rad Retail location as part of necessary organizational changes, according to a company spokesperson.
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SANTA FE, N.M. (BRAIN) — The 24th Cranksgiving bicycle-inspired food drive is underway nationwide and for the first time attracting additional industry sponsorship.
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CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported third-quarter revenue was down 48% and revenue for the first nine months of 2023 dipped 43% year-over-year.
CEO Sean Macdonald said he remains optimistic about the protective gear brand.
LEXINGTON, S.C. (BRAIN) — HLC had a round of layoffs that included some of its e-commerce business solutions team, while sources told BRAIN the South Carolina-based distributor will close its Texas and Pennsylvania distribution centers.
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WESTPORT, Conn. (BRAIN) — Fox Factory is striking out in a new direction with the acquisition of Marucci Sports, a baseball and softball equipment brand.
Sales decline as the company prepares to sell of its ammunition business unit and spin its outdoor sports brands in a new company called Revelyst. The CEO of Revelyst said the company plans to focus on its "highest potential" brands and may sell other brands.
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OLATHE, Kan. (BRAIN) — Garmin Ltd.’s third-quarter revenue increased 12% year-over-year buoyed by the Fitness segment’s growth across all categories.
![The VPL team at MADE. Bob Huff Photo The VPL team at MADE. Bob Huff Photo](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/vpl_team_at_made-goldschmidt_seemann_scurlock_krapfl.jpg?itok=R7cnLdj-)
PORTLAND, Ore. (BRAIN) — Of all the concept bikes shown here at the MADE framebuilder show, in August, the full-titanium triple tandem “Sch:Long” from Schwift Cycles was likely the most expensive — and downright bonkers — electric bike on display.
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PORTLAND, Ore. (BRAIN) — Rep. Earl Blumenauer, who has championed bicycle and climate legislation during his long career in Washington, announced he will not seek re-election in 2024.
Blumenauer, 75, served as Oregon's 3rd Congressional District for 27 years.
![Wil Matthews photo of the 2022 Unbound Gravel, courtesy of Life Time. Wil Matthews photo of the 2022 Unbound Gravel, courtesy of Life Time.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/2022unboundltgpwilmatthews113.jpg?itok=3ZKSpXYs)
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs.
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CHICAGO (BRAIN) — PedalCell, a manufacturer of weather-proof generators for electronics charging, announced it will cease operations on Jan. 1.
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STOCKHOLM (BRAIN) — Thule Group third-quarter net sales increased 8% year-over-year with bike-related product demand in the European market boosting the surge.
![Pashley Cycles' Chairman Adrian Williams. Pashley Cycles' Chairman Adrian Williams.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/pashley_-_adrian_williams_-_in_stratford-upon-avon._photographer_credit_is_adrian_sherratt.jpg?itok=0zj_xHx9)
STRATFORD-UPON-AVON, United Kingdom (BRAIN) — Pashley Cycles will invest in the sustainable transportation market by starting a crowdfunding campaign to help support product development in e-cargo delivery bikes, electric assist leisure bikes, and bike-share products.
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STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.
![Julie Gabay. Julie Gabay.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/julie_gabayrotate_0.jpg?itok=2BMec893)
BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: What’s your experience with, and assessment of, click-and-collect programs?
NEW YORK (BRAIN) — The City Council met with the city's Committee on Consumer Worker Protection on Monday to discuss a bill that would require third-party delivery app companies like DoorDash to provide workers access to certified e-bikes and batteries and another that would require workers taking an e-bike safety c
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TOKYO (BRAIN) — Shimano is reporting that sales in bike-related products were down 24.8% in the first three quarters of its fiscal year, compared to the same period last year. The company's operating income in its bike business was down 48.8% over the same period.