News
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components told its U.S. and Canada retailers Tuesday it is permanently lowering prices on its entire Turbo Levo e-bike lineup, with MSRP reductions from 6% to 27% and wholesale pricing drops of 3% to 27%.
WASHINGTON (BRAIN) — Multi-purpose helmets sold online at Temu are being recalled because they lack federal mandatory safety standards.
WASHINGTON (BRAIN) — About 2,200 Favoto helmets sold on Amazon are being recalled because they lack federal mandatory safety standards.
CHATTANOOGA, Tenn. (BRAIN) — Titanium frame maker Lynskey Performance Products, LLC, filed for Chapter 11 bankruptcy protection on April 30, saying the cashflow challenges after launching an e-commerce business with Shopify contributed to its troubles.
NASHVILLE, Tenn. (BRAIN) — Light Electric Vehicles Manufacturing, part of the Life EV Group that acquired Rad Power Bikes in March, purchased a 100,000-square-foot facility in Algood that will serve as the assembly, distribution, and eventually the manufacturing center for the brand.
SHIREBROOK, England (BRAIN) — Frasers Group acquired financially struggling kids' brand Frog Bikes, which will now be sold through Evans Cycles.
MONTEREY, Calif. (BRAIN) – The numbers are in and it appears that Sea Otter Classic continues to deliver exhibitors, consumers, campers and racers with overall growth pegged at an average of six percent or more depending upon category.
SEATTLE (BRAIN) — REI Co-op announced Monday that net sales for 2025 increased slightly year-over-year, the same day the union representing 11 stores said its workers voted to boycott the chain's biggest sale of the year that begins May 15 after contract negotiations ended last week.
WASHINGTON (BRAIN) — About 7,000 Malker Bicycle Light Sets are being recalled because they violate mandatory safety standards for products containing button cell and coin batteries that can be easily accessed by children and ingested. The light sets also do not have label warnings required by law.
HONOLULU (BRAIN) — New Jersey's passage of a bill requiring license, registration, and insurance for low-speed e-bikes and high-speed e-motos raised concern among the industry that other states would follow.
LONG BEACH, Calif. (BRAIN) — Zwift purchased real routes online platform Rouvy in an acquisition labeled as a strategic cooperation in which each will maintain independent operations. Terms of the deal were not disclosed.
STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales decreased 3.4% with the North America region dropping 13.8%.
OLATHE, Kan. (BRAIN) — Led by growth in its Fitness segment, which includes cycling products, Garmin Ltd. revenue increased 14% year-over-year in a record first quarter.
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