News
WASHINGTON (BRAIN) — Rep. Linda Sánchez on Tuesday introduced legislation to close the de minimus loophole that allows the duty-free importation of packages valued at under $800.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
WASHINGTON (BRAIN) — President Donald Trump announced on social media Thursday that he will impose an additional 10% tariff on imports from China, on top of the 10% he announced earlier this year.
WASHINGTON (BRAIN) — Canyon Bicycles USA is recalling some carbon fiber Speedmax CF triathlon bikes because their steerer tubes can crack or break. No incidents nor injuries have been reported.
BENTONVILLE, Ark. (BRAIN) — A program to help global cycling startups get established — and possibly do business in Arkansas — has chosen 10 participants for its first year.
LAGUNA BEACH, Calif. (BRAIN) — Helmet industry veteran Greg Shapleigh has been named chairman of HighBar, which launched a helmet retention system last year with Canyon.
BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory has acquired mountain bike brand Nukeproof from Frasers Group. Nukeproof — currently unavailable in the U.S. — will re-enter the U.S.
SEATTLE (BRAIN) — REI Co-op accepted a long-term sale-leaseback agreement with Madison Capital for its four distribution center properties. REI said it will maintain and operate the centers without impacting any of its employees.
OTTOBRUNN, Germany (BRAIN) — Porsche eBike Performance GmbH announced Tuesday it will build a battery production facility in Sveta Nedelja, Croatia, that will open next year.
WASHINGTON (BRAIN) — In conjunction with the Consumer Product Safety Commission, Super73 is recalling about 1,400 Z Miami SE and Z Adventure Core e-bikes because the retaining pin in the disc brake caliper can loosen and dislodge from the assembly.
(BRAIN) — BMC Switzerland is recalling all Kaius 01 bikes and framesets for inspection because of concerns over the fork steerer tube separating.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2024 buoyed by a year-over-year 23% increase in the fourth quarter that was led by Fitness segment sales.
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