News
Bike shops are going out of business ... but new dealers are still stepping up to take their place.
MADISON, Wis. (BRAIN) — Dick's Sporting Goods will begin carrying Mongoose bikes this month, supplanting GT Bicycles, which ended its agreement with the box-store giant at the end of 2023.
MONTEREY, Calif. (BRAIN) — Let James Ayres, Haro Bike’s director of North American sales, put the spotlight on this season’s Sea Otter Classic: “It literally blew us away. It was borderline flabbergasting,” said Ayres in an interview.
DENVER (BRAIN) — The Colorado General Assembly has passed an expanded Right to Repair bill, but it's unclear if it will apply to e-bikes because motor vehicles are excluded.
OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenues grew 20% year-over-year — with all segments achieving record numbers during that period — while operating income increased 51%.
SEATTLE (BRAIN) — REI Co-op reported a net loss of $311 million in 2023 with yearly revenues declining 2.4% compared with the previous year.
WILTON, Conn. (BRAIN) — Cannondale has reduced its workforce by "less than 1%" during a company reorganization from a multi-regional to unified global structure, a company spokesperson told BRAIN.
OGDEN, Utah (BRAIN) — ENVE Composites is returning to its roots as a Utah-owned and managed brand after several years as part of a global sports empire, the company’s general manager says.
WASHOUGAL, Wash. (BRAIN) — Efficient Velo Tools, a long-time supplier of shop-quality workstands and other tools, has launched its first portable stand, called the Field Unit.
OGDEN, Utah (BRAIN) — Amer Sports has sold ENVE Composites to PV3, a Utah-based private investment firm.
MONTEREY, Calif. (BRAIN) — A California company is targeting the bike industry with thermoplastic technology, including a new spoke. Its investors include Youngone.
STOCKHOLM (BRAIN) — Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year.
BENTONVILLE, Ark. (VELO) — Rapha has let go 6 of the 8 staffers at its North American headquarters.
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