News
SEATTLE (BRAIN) — REI Co-op announced it will close its Experiences division that includes adventure travel, day tours, and classes. The decision was announced in an email to employees Wednesday from President and CEO Eric Artz and will mean the elimination of 428 full- and part-time jobs in that division.
EL PASO, Texas (BRAIN) — Helen of Troy's third-quarter net sales declined 3.4% year-over-year despite sales growth in its Home & Outdoor group, which includes Osprey and Hydro Flask.
RIVERSIDE, Calif. (BRAIN) — Retailer Jenson USA is expanding into bike shipping by collaborating with UPS to provide shipping labels that offer as much as a 50% discount.
LAS VEGAS (BRAIN) — Segway is accepting pre-orders for its two new e-bikes and offering more details about each at the CES consumer electronics trade show, running this week in Las Vegas.
WESTPORT, Conn. (BRAIN) — Fifteen years after acquiring the juvenile products brand Ergobaby, Compass Diversified Holdings has sold the brand to Highlander Partners, a Dallas-based private investment firm.
BOULDER, Colo. (VELO) — Police in Colorado say the use of Apple AirTags by some bike owners led to the recovery of stolen bikes and the arrest of suspects.
WATERLOO, Wis. (BRAIN) — Trek Bicycle says sourcing aluminum from manufacturers who use less fossil fuel has lowered the carbon impact of its alloy bikes.
TWICKENHAM, United Kingdom (BRAIN) — Folding bike brand Brompton Bicycle Limited recorded a 5.3% decline in revenues in the 12-month period that ended March 31, 2024, according to filings made in the U.K. recently.
MIAMI (BRAIN) — Randy Ross, the former CEO of Ross Bicycles and a member of one of the first families of the U.S. bicycle industry, died suddenly on Christmas day while celebrating the holiday with family. He was 67.
PROVIDENCE, R.I. (BRAIN) — Revelyst, the former Vista Outdoor business unit that includes its bicycle-related brands, has been sold to Strategic Value Partners, LLC and its affiliates in an all-cash transaction based on an enterprise value of $1.125 billion.
HEERENVEEN, Netherlands (BRAIN) — Following a recapitalization agreement in October and a 390 million euro loss in 2023, Accell Group's CEO said the company's recovery is on the way.
FAIRFAX, Calif. (BRAIN) — A woman has filed a class-action lawsuit against manufacturer Super73 for selling e-bikes that can exceed the maximum speed allowance for a micromobility device.
BOULDER, Colo. (BRAIN) — Trek Bicycle's leaked news about "right-sizing" in March, and Kona Bicycles' sudden "pause" at the Sea Otter Classic, followed by the brand's rebirth with its founders, were the most-read industry stories in 2024.
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