News
PORTLAND, Ore. (BRAIN) — Smash-and-grab thefts from bike shops have risen dramatically during the COVID-19 pandemic. But the phenomenon has led shop owners in several markets to start organizing and cooperating to share information. Some also are working more closely with local law enforcement, with mixed results.
WASHINGTON (BRAIN) — A bill introduced Tuesday in the U.S. House of Representatives would give a refundable tax credit of up to $1,500 on the purchase of a new e-bike.
LITTLE ROCK, Ark. (BRAIN) — The Rossignol Group has sold Time Sport's frame and bike business to the Cardinal Cycling Group, whose partners include French engineer Martial Trigeaud and American Tony Karklins, who is the founder of Allied Cycle Works and the former managing director of Orbea USA.
OSAKA, Japan (BRAIN) — Shimano Inc. cut water use at its factories by about 7% last year, continuing a trend that began at least four years ago. The company also announced an action plan to reduce the use of disposable plastic in containers and packaging materials for its products.
TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.
The international digital marketplace for cycling products has completed its initial public offering and will now be listed on the Australian Securities Exchange. The company raised AU$20 million ($15.3 million) in the IPO.
(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.
TAIPEI, Taiwan (BRAIN) — Organizers of the Taipei Cycle show have postponed the 2021 edition, which had been scheduled for March 3-6. They did not announce new dates for the show.
BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: "What would your dream bike shop be like, and where would you locate it?”
LONDON (BRAIN) — A fire at Specialized Bicycles' headquarters had a "devastating effect," the company says.
NEW YORK (BRAIN) — While Peloton Interactive’s sales surged past the $1 billion mark in its most recent fiscal quarter, slow deliveries continue to hold the company back.
SEATTLE (BRAIN) — A bookkeeper could face up to 20 years in prison after she was indicted for embezzling at least $200,000 from a local bike manufacturer.
While sales and demand were exceptional in 2020, the full-year import figures are not.
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