Industry News
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.
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association hosted a free webinar Wednesday for its members on how to communicate during the COVID-19 pandemic.
WASHINGTON (BRAIN) — The Rails-to-Trails Conservancy is calling on the nation's mayors and local elected officials to close select streets to vehicle traffic to increase access to safe outdoor space for people walk or bike while maintaining social distance during the COVID-19 crisis.
SAN FRANCISCO, Calif. (BRAIN) — The former owner of the Public Bikes brand — a brand now owned by Bay Area retailer Mike's Bikes — has filed for Chapter 11 bankruptcy after failing to reach a settlement in a legal dispute with a landlord.
BRUSSELS (BRAIN) — The World Bicycle Industry Association is asking all countries to allow bike repair services to continue through the COVID-19 pandemic.
BOULDER, Colo. (BRAIN) — SmartEtailing updated its software to include a home-delivery shipping option for its IBD subscribers that enables delivery of assembled bikes from their inventory.
TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.
OLD FORT, N.C. (BRAIN) — Aided by Industry Nine, Watershed drybags and Oowee Products, Kitsbow Cycling Apparel shipped its first personal protective equipment Friday in response to the COVID-19 pandemic.
TOKYO (BRAIN) — The International Olympic Committee, the Tokyo 2020 Organising Committee and other stakeholders have announced new dates for the Games of the XXXII Olympiad: July 23-Aug, 8, 2021. They also announced new dates for the Paralympic Games, which will be celebrated from Aug. 24-Sept. 5, 2021.
LOS ANGELES (BRAIN) — Uber Technologies Inc. filed a lawsuit against the Los Angeles Department of Transportation over the sharing of real-time location data of its JUMP e-bike and scooter riders.
CHICAGO (BRAIN) — Industry suppliers are offering new fulfillment programs helping retailers maintain some revenue and connections with their community during the COVID-19 pandemic.
BOULDER, Colo. (BRAIN) — On Friday Congress approved and the president signed a $2 Trillion stimulus package into law. PeopleForBikes plans a webinar next week to explain what it could mean to retailers and other members of the bike industry.
FLETCHER, N.C. (BRAIN) — Component manufacturer Cane Creek has suspended operations through April 10 because of the COVID-19 pandemic.
Taiwan operations will continue normally, according to a Cane Creek news release.
SANTA FE, N.M. (BRAIN) — Bicycle Technologies, Inc. will shut down operations at the end of the day Friday due to the COVID-19 pandemic.
BERGAMO, Italy (BRAIN) — 3T Cycling is the latest bike company to reveal that it has converted its factory to make devices for the medical industry. The Italian brand is running its 3D printer 24 hours a day to make a valve part for a ventilator mask.
GRAND JUNCTION, Colo. (BRAIN) — While officials in many regions are restricting travel and other activities due to the COVID-19 pandemic, some are questioning the legality of some orders that affect outdoor activities on public lands.
NEW YORK (BRAIN) — Advance, the owner of Condé Nast and other media properties, has entered a definitive stock purchase agreement with Wanda Sports Group Company Limited to buy The Ironman Group.
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