News
TAIPEI, Taiwan (BRAIN) — Taiwanese manufacturer Merida Industry Co., which owns 35% of Specialized Bicycle Company, recorded a non-operating loss of over $100 million related to that investment in 2024, as the U.S. bike brand took a deferred tax loss and write-downs on its retail operations.
TAIPEI, Taiwan (BRAIN) — Giant Group reports that its operating profits declined 60% last year as it wrote down NT$1.9 billion ($57.6 million) in inventory provision losses, recognizing the decline in inventory value due to discounting.
SEATTLE (BRAIN) — Rad Power Bikes named Kathi Lentzsch its new CEO. She comes to Rad Power from Bartell Drugs, where she was CEO from 2018 to 2020.
HO CHI MINH CITY, Vietnam (BRAIN) — One of Vietnam's largest importers for the domestic market would welcome reciprocal tariffs with the U.S., if they led to a new trade deal and reduced Vietnam's current high import duties on U.S. products.
PHILADELPHIA (BRAIN) — For most, spilling coffee creates a mess. For Adam Saplin, it created an opportunity.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales slightly increased year-over-year in the fourth quarter, while full-year net sales rose 3.5%.
SEATTLE (BRAIN) — Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff as it continues to pivot more toward Rad Retail and local bike shops.
PHILADELPHIA (BRAIN) — Nearly 5,000 people attended the Philly Bike Expo on Saturday and Sunday at the Philadelphia Convention Center, with show director Bina Bilenky saying the show is returning to pre-COVID numbers.
A version of this feature ran in the March issue of BRAIN.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your top strategies and biggest obstacles when it comes to recruiting and retaining staff?
TAICHUNG, Taiwan (BRAIN) — China’s Zhonglu Co, through one of its subsidiaries, has acquired a 21% share in Factor Bikes while a private equity firm that includes Factor CEO Rob Gitelis also has made an investment. Together the two entities have acquired a majority share in Factor from exiting non-management shareholders, the company told BRAIN.
As we head into spring, two new initiatives may redefine how bikes get to dealers.
PHILADELPHIA (BRAIN) — VAR Tools has literally been on the cutting edge of quality bicycle tools since 1945 in Gellainiville, France. So there was some buzz at the Philly Bike Expo on Saturday over the debut of the second-generation Disc Brake Mount Facing Tool on display with curious onlookers watching it in action.
PHILADELPHIA (BRAIN) — The Philly Bike Expo began as a show catering to the custom framebuilder, but it evolved into a gathering of the whole bike industry with large and small brands mixing with single-person frame, paint, and manufacturing shops.
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