News
ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics announced the closing of a first round of funding with the goal of expanding its door-to-door bike shipping business.
TAICHUNG, Taiwan (BRAIN) — Giant Group set a new second-quarter record for net sales and earnings per share as global demand for its bikes and e-bikes remained strong. Sales of e-bikes, both under its own brand and for its OE customers, accounted for 30% of Giant's sales in the first half.
MONTRÉAL (BRAIN) — Dorel Sports — the Dorel Industries division that includes its bicycle businesses — recorded an 11% sales increase in its second fiscal quarter this year, compared to the same quarter last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue increased 86% year-over-year led by a 48% jump in online revenue.
COLUMBUS, Ohio (BRAIN) — BikeSource Vice President Dale Van Allen died Monday after a long battle with cancer. He was 49. Van Allen worked at BikeSource — a multi-chain store with locations in Ohio, Colorado, and North Carolina — for nearly all his life.
FRANKFURT (BRAIN) — Ardian Expansion will become investors in the direct-to-consumer mountain bike brand YT Industries. Financial terms were not disclosed.
PITTSBURGH (BRAIN) — By 2025, Dick's Sporting Goods wants to increase BIPOC representation in leadership by 30% and increase women store leadership by 40%, according to its annual report on DEI initiatives, sustainability, and community outreach.
Life Time is best known in the cycling industry for its ownership of the Leadville 100, UNBOUND Gravel, Crusher in the Tushar and the Chequamegon MTB Festival among other events.
DAYTON, Ohio (BRAIN) — Organizers of the 2021 Recumbent Cycle-Con have postponed the event, which had been scheduled for Oct. 8-10, because of COVID-19 concerns. The 2020 event was also postponed.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports division, which includes the bike accessory brands Giro, Bell and Blackburn, saw a 26% increase in revenues in the most recent quarter. The division's sales were $92.1 million, up from $72.9 million in the same period last year.
COIMBRA, Portugal (BRAIN) — SRAM officially opened a new TIME pedal factory here on Friday, with an inauguration celebration presided over by the mayor. The city said the factory will produce 200,000 pairs of pedals per year and create 25 new jobs by next November.
WASHINGTON (BRAIN) — Specialized Bicycle Components is recalling about 2,500 first-generation Turbo Levo and Kenevo electric mountain bike battery packs. Water can penetrate the seal around the LED control pad on the bicycle's lithium-ion battery pack and cause the battery to short circuit, posing fire and burn haza
WESTPORT, Conn. (BRAIN) — BOA Technology sales were up 58% in the first half of the year over the same period last year, according to quarterly reports from Compass Diversified, which acquired the company last year for $454 million.
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