News
LOUISVILLE, Colo. (BRAIN) — TrainingPeaks, an app for coaches and athletes, is moving into virtual cycling with the acquisition of indieVelo. TrainingPeaks is rebranding indieVelo as TrainingPeaks Virtual.
OSAKA (BRAIN) — Sales in Shimano's bike-product division were down 12.3% through the first nine months of the year, compared to the same period last year.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its first year-over-year revenue growth — 1 % — in two years when it released its third-quarter earnings report Tuesday.
NEW YORK (BRAIN) — Mayor Eric Adams this week finalized the city's e-mobility device and battery trade-in program for food-delivery workers.
CRESTON, N.C. (BRAIN) — There will be a 51st year of building bike and motorcycle frames for Steve Garn, but in the early days after the remnants of Hurricane Helene damaged his home and fabrication buildings here nearly a month ago, he had doubts.
STOCKHOLM (BRAIN) — MIPS' year-over-year net sales jumped 61% in the third quarter boosted by growth in the Sports category, which includes bike helmets. The company attributed the growth to inventory levels improving industry-wide.
LONDON (BRAIN) — Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that.
NEW YORK (BRAIN) — Peloton is expanding its third-party retail network further by offering the Peloton Bike+ at 300 U.S. Costco stores and online during the holiday season beginning Nov. 1.
STOCKHOLM (BRAIN) — Thule Group net sales in the third quarter increased 1.4% year-over-year, but its CEO said the North American market continues to lag "with cautious consumers and retailers."
SACRAMENTO (BRAIN) — Gov. Gavin Newsom signed several e-bike bills into law at the end of September, including one that specifically defines what the state considers to be an e-bike in an effort to address concerns about throttle-powered bikes.
PASO ROBLES, Calif. (BRAIN) — Cambria Bike, one of the oldest operating e-commerce businesses in cycling, has acquired the intellectual property from Planet Cyclery and Colorado Cyclist, which closed this year. Planet Cyclery has already begun a soft relaunch and Colorado Cyclist may re-launch soon.
MORGAN HILL, Calif. (BRAIN) — Participating Specialized retailers worldwide will begin offering free single-tool repairs to anyone with any bike brand on Saturday with other free-repair days to follow.
KENNEWICK, Wash. (BRAIN) — Carbitex, which makes carbon fiber soles used in cycling shoes by Scott, Lake and other brands, has closed a new funding round for an undisclosed amount. Since 2016, Carbitex has closed on at least five Series A and Series B funding rounds totaling at least $15 million.
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