Industry News
WASHINGTON (BRAIN) —If nothing changes very soon, a 25% tariff will hit most bike products imported to the US from China, starting at 12:05 a.m. Friday.
One bike importer said he’s already seeing the extra fees appear on documents for shipments arriving next week.
SHANGHAI, China (BRAIN) — At the China Cycle show being held here this week, the folding bike brand Dahon has announced an expanded initiative to license some of its intellectual property to other bike makers.
DURANGO, Colo. (BRAIN) — In the latest Channel Mastery podcast series devoted to change in the bike industry, host Kristin Carpenter is joined by Ashley Korenblat, the founder of Outerbike.
NILES, Ill. (BRAIN) — Frank Peter Brilando, a designer and engineer with Schwinn Bicycles for four decades and a two-time cycling Olympian, died Sunday in Niles, Illinois.
COCHRANE, Alberta (BRAIN) – Cycling power meter and heart-rate monitor company 4iiii Innovations Inc. expanded its performance-measuring portfolio with the acquisition of STAC Performance indoor trainers.
RENO, Nev. (BRAIN) — Noted framebuilder Roland Della Santa, known for his custom steel frames made for racers and collectors including a young Greg LeMond, died this weekend, friends say.
BOULDER, Colo. (BRAIN) — President Donald Trump on Sunday said he would increase the punitive tariffs on some Chinese goods, including bikes and bike products, from 10% to 25% on Friday. Trump repeated the promise Monday morning, even as the news rattled international stock markets.
BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association has named Steve Matous its new president, effective May 20.
MONTEREY, Calif. — Walmart’s unveiling of a high-end bike brand at the Sea Otter Classic is the latest example of the retail giant’s aim to sell to upscale online shoppers — whether they are shopping for cosmetics, mattresses, or, in this case, bikes starting at $2,300.
SALT LAKE CITY (BRAIN) — Trust Performance, a start up suspension brand founded by a group of industry veterans, is lowering the retail price of its Message multi-link fork by $700.
BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle business, through the Fox suspension, Marzocchi suspension, RaceFace and Easton cycling brands, was up 12.7% in the first quarter this year, to $65 million. The company also said equipping e-bikes will be a bright spot for Fox in the next two seasons.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue of $766 million with its fitness, outdoor and aviation divisions collectively increasing 12% from the prior year's quarter.
Its fitness sales numbers, which include cycling products, climbed 8.57% (from $166 million to $180 million).
SANTA FE, N.M. (BRAIN) — What began as a white-water kayak excursion to California's Kern River has — 20 years later — put Ben Sarrazin smack in the middle of the e-bike revolution.
SWANTON, Vt. (BRAIN) — Interflon, a Dutch company that sells industrial lubricants in 52 countries, is slowly making its way into the industrial market in the U.S. and along the way is exploring opportunities in the U.S. bike shop market.
INDIANAPOLIS (BRAIN) — Zipp is launching a new program Wednesday that will let consumers trade in their used Zipp wheels for retail store credit they can put toward the purchase of a new set of Zipp wheels. Used gear purveyor The Pro's Closet will provide stores with a trade-in value to offer the customer.
FARMINGTON, Utah (BRAIN) — Jen Harned, who was president and general manager of the Bell and Giro brands for Vista Outdoor, has left the company.
SANTA ANA, Calif. (BRAIN) — If you've seen Jeff Lenosky ride a bike in person or on his YouTube channel, one thing is readily apparent.
He's cool under stress. But not now.
NEW YORK (BRAIN) — Uber's upcoming IPO will likely start out with shares being offered at $44 to $50, which would raise $8 billion to $10 billion and value the ride-hailing company at $80 billion to $90 billion, according a report by Bloomberg.
BOULDER, Colo. (BRAIN) — The final hurdle has been crossed — a majority of the members of the Bicycle Product Suppliers Association have voted to approve their organization's merger with PeopleForBikes.
BOULDER, Colo. (BRAIN) — VeloNews will distribute its 2019 Tour de France Guide to 142,000 readers.
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