News
SALT LAKE CITY (BRAIN) — Clarus Corp., which owns the Black Diamond outdoor brand and the Rhino-Rack and Rocky Mounts rack brands, announced third-quarter sales of $69.3 million, up 3% from the same quarter last year.
DULUTH, Ga. (BRAIN) — Fox Factory reports its net sales were up 4.8% in the third quarter, largely thanks to the company's powered-vehicle businesses. Its Speciality Sports Group (SSG), which includes its bicycle-related businesses and its ball-sports brands, had an 11.2% decrease in revenues in the quarter.
(BRAIN) — GOREWEAR, the cycling and running apparel division of W. L. Gore & Associates, will leave the market next year, a source familiar with the company’s decision confirmed to BRAIN on Thursday.
WASHINGTON (BRAIN) — Peloton is recalling about 833,000 of its Original Series Bike+ exercise models because the seatpost assembly can break.
There have been three reports of the seatpost breaking and detaching and two reports of injuries because of falling.
WASHINGTON (BRAIN) — Lezyne USA is recalling about 7,500 Pressure Over Drive and Digital Pressure Over Drive tubeless floor pumps because the canister can forcefully eject from the base when pressurized, posing a risk of injury.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue increased 18% year-over-year as all of its head-to-toe protective gear categories — mountain bike, moto, and off-road adventure riding — grew by double digits during the period.
(BRAIN) — SRAM has expanded distribution and servicing of its brands in Eastern Europe through Aspire Sports.
(BRAIN) — YT Industries USA announced it will close after failing to reach an agreement with YT Industries Germany.
PORTLAND, Ore. (BRAIN) — OTTO DesignWorks LLC, the parent of the OTTOLOCK brand, has sold its brand and assets to Pacific Die Casting Corporation (PacDie), a long-time manufacturer for OTTO.
MILWAUKEE (BRAIN) — Ben’s Cycle has acquired Euro-Asia Imports’ inventory following the specialist distributor’s closing in August after more than 50 years selling mostly high-end parts for road, touring, and fixed-gear bikes.
FRANKFURT (BRAIN) — Eurobike’s organizers say they were taken by surprise when two German trade groups announced Thursday that they were pulling their support for the show.
SEATTLE (BRAIN) — A Washington state man is suing Specialized Bicycle Components after suffering injuries following a crash on a Turbo Levo e-MTB he said was caused by a known motor defect.
