News
ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports segment — which includes its Bell, Giro, Blackburn and Quietkat businesses — saw a sales increase of 9% year over year, the company announced.
NEW YORK (BRAIN) — Peloton Interactive Inc. shares were down more than 34% on Friday after the company lowered its forecasts for 2022 sales.
Peloton is now forecasting full-year fiscal sales of $4.4 billion to $4.8 billion, down from a previous forecast of $5.4 billion.
MONTRÉAL (BRAIN) — Dorel Industries reported sales of $304 million in its Dorel Sports division in its third fiscal quarter this year, a 0.6% decline over sales in the same period last year.
(BRAIN) — The Professional Bicycle Mechanics Association is surveying retailers about various service topisc, including how busy they have been lately, how they are compensating staff, shop service rates and more. The PBMA will present results from the survey at next month's CABDA East event at the Meadowlands in New Jersey.
DULUTH, Ga. (BRAIN) — For the fifth consecutive quarter, Fox Factory notched its highest-ever revenue in a fiscal quarter for its 2021 Q3, which ended Oct. 1. Sales were $347.4 million, compared to $261 million in the same period last year.
GLASGOW, Scotland (BRAIN) — A global coalition of 60-plus bicycle organizations published an open letter to urge leaders of more than 120 countries attending the 26th United Nations Climate Change Conference (COP26) to increase the number of people who bike.
PORTLAND, Ore. (BRAIN) — Industry veteran Ed Rae, who in July joined Danish cargo bike brand Triobike as its U.S. agent, died Sept. 23 at his home because of a cardiac issue. He was 68.
PORTLAND, Ore. (BRAIN) — Wheel brand HiFi, Ritte Cycles, and bike shop TriTech Bikes are working with BIKEPOC PNW to offer a series of cyclocross clinics and create a lending library of cyclocross/gravel bikes.
BEND, Ore. (BRAIN) — Four 2022 Rocky Mountain Bicycles models will arrive at shops with CushCore tire inserts already installed. It is likely the first time a major brand has spec'd tire inserts as original equipment.
ST. PAUL, Minn. (BRAIN) — The application period opened Monday for Park Tool 2022 Community Tool Grants. The period remains open until Dec. 31.
Now in its seventh year, the Park Tool Community Tool Grant has so far donated over $90,000 worth of tools to organizations throughout the world.
SAUSALITO, Calif. (BRAIN) — Anthony "Tony" Tom, founder and owner of Sausalito's A Bicycle Odyssey, died last week. He was about 65. Tom and his store are legendary among bike lovers in Marin County and the Bay Area.
HILDEBRAN, N.C. (BRAIN) — DeFeet is celebrating the life of long-time employee John Berry with a special sock design. Sales of the socks will benefit state cycling and pedestrian advocacy group BikeWalkNC.
WESTPORT, Conn. (BRAIN) — Compass Diversified, the owner of BOA and Lizard Skins as well as a variety of other middle-market businesses, reported net sales of $488 million in its fiscal third quarter, up from $388 million in the same period last year.
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