News
OLATHE, Kan. (BRAIN) — Demand for fitness products helped Garmin Ltd. report record consolidated revenue for the second quarter, and the company also announced the acquisition of MYLAPS, a Dutch integrated timing company for running, cycling, and motorsports.
CEDARVILLE, Ohio (BRAIN) — Sojourn Cyclery has been at trade shows before, but for the first time at the two-day Philly Bike Expo in March, owner Jay Kinsinger set up a workshop at his booth to give attendees a tiny glimpse of what goes into manufacturing a custom wooden frame.
OSAKA, Japan (BRAIN) — Shimano bike division net sales in the first half increased 11.6% year-over-year with the component giant saying strong global interest continues despite inventory remaining high in some regions. In North America, Shimano said retail sales of bikes remained weak while inventory was appropriate.
(BRAIN) — DT Swiss officially recalled some carbon wheelsets sold aftermarket and on some completed bikes after alerting customers to rim delamination concerns in the flange area earlier this month in a stop-use notice.
WESTLAKE VILLAGE, Calif. (BRAIN) — Fax machines and flip phones are yesterday's technology to most, but for those still using them, there's comfort in their familiarity. John Quintana understands. He spent several years focusing on upgrading one of this industry's oldest and most overlooked standards: Presta and Schrader inflation valves and the pump heads that affix to them.
WASHINGTON (BRAIN) — A preliminary trade deal between the European Union and the United States would set tariffs on European products at levels not seen since before the Great Depression. But the 15% tariff announced over the weekend is a reduction from the 30% that the Trump administration had been threatening.
PRAGUE (BRAIN) — Indoor cycling platform Rouvy has acquired competitor Bkool for an undisclosed amount.
WASHINGTON (BRAIN) — The Supreme Court on Wednesday overturned a federal judge's ruling reinstating three Consumer Product Safety Commissioners fired by President Trump in May.
WASHINGTON (BRAIN) — After initially declining to issue a recall, Shenzhen Fengqisi Car Industry Co. Ltd. of China will recall about 100 FENGQS F7 Pro e-bikes sold on Amazon because of fire and burn hazards from the lithium-ion battery that can result in serious injury or death.
WASHINGTON (BRAIN) — The Trump administration has recently announced preliminary trade agreements with some countries that export bicycle products to the U.S., but so far there are no new agreements with the largest suppliers to the industry, and few details on the agreements that have been announced.
UTICA, N.Y. (BRAIN) — eBliss Global plans to invest more than $4.1 million in an e-bike assembly and logistics factory here, the company announced Wednesday.
STOCKHOLM (BRAIN) — Thule Group's net sales in the company's second quarter were up 9.8%, largely thanks to the addition of Quad Lock revenue to the mix. Thule announced it was buying Quad Lock last November.
STOCKHOLM (BRAIN) — Helmet technology brand MIPS reported that sales were up 16% for the first half of the year, with helmet manufacturers initially stalling orders until they got more clarity on tariffs.
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