News
OSAKA, Japan (BRAIN) — In the year the company celebrated its 100th anniversary, Shimano Inc.’s sales and operating income hit an all-time record, driven primarily by its business in the bike industry.
Company-wide, Shimano's sales last year were up 44.6% over 2020, while operating income was up 79.3%.
WASHINGTON (BRAIN) — A bipartisan group of U.S. senators is asking the Biden administration to establish "a more comprehensive" process to exclude some products from the current Section 301 tariffs on the import of some products from China.
BOULDER, Colo. (BRAIN) — Retül is updating its bike fit service with a digital, markerless body measurement system that the company said is more accurate and repeatable than other measurement methods.
BREMERTON, Wash. (BRAIN) — In an industry of hard workers, Mike Kalmbach was among the most industrious.
ANOKA, Minn. (BRAIN) — Vista Outdoor — the parent of Bell, Giro, Blackburn, CamelBak, and now the QuietKat e-bike brand — is reporting record third-quarter sales and raised its full-year guidance.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported fourth-quarter revenue increased 9% year-over-year, while its 2021 full-year revenue jumped 30%.
For the fourth quarter that ended Dec. 31, GoPro revenue was $391 million, compared with $358 million at the same time last year.
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has donated $43,300 in bikes and cash in support of victims of the Marshall Fire, which burned 6,026 acres and destroyed more than 900 structures in Superior and Louisville in December.
SAN FRANCISCO (BRAIN) — Decathlon says it will focus on its online business in the U.S., as well as sales through retail partners, after closing its two trial retail locations in the Bay Area.
ASHEVILLE, N.C. (BRAIN) — A fraudulent website is offering products from Cane Creek Cycling Components, Wolf Tooth Components, and Whisky Parts Co. at discounted prices.
AMES, Iowa (BRAIN) — Cycle Force Group, LLC has been acquired by Messingschlager GmbH, a German distributor. The sale closed on Dec. 31, 2021.
ASHEVILLE, N.C. (BRAIN) — Kent Cranford, the owner of Motion Makers bike shop here, said the more he thinks about Specialized's new consumer-direct sales channel for bikes, the more accepting he is.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components will begin direct online sales of bikes to U.S. consumers next week, adding a “Rider Direct” option for the purchase of non-electric bikes from its website.
AMSTERDAM (BRAIN) — Dutch e-bike brand VanMoof debuts a new campaign Wednesday with a short film featuring stop-motion puppets to demonstrate its anti-theft technology.
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