News
MONTRÉAL (BRAIN) — Louis Garneau Sports' proposed restructuring plan would allocate about $550,000 Canadian dollars ($418,000) to be shared by the company's unsecured creditors, who are owed about CA$12.8 million, according to official documents released this week.
(BRAIN) — Many brands use the upcoming Tour de France to show off their new products or team kit. FSA and Vision are using the opportunity to show off the apparel being provided to mechanics in teams the brands sponsor at the race.
PITTSBURGH (BRAIN) — Led by e-commerce growth spurred by the COVID-19 pandemic, Dick's Sporting Goods had a record second quarter in sales.
BOULDER, Colo. (BRAIN) — PeopleForBikes is conducting a survey to build a more inclusive and anti-racist industry. Details of the industry-wide survey were emailed Tuesday afternoon.
SANTA CRUZ, Calif. (BRAIN) — As of Friday morning, more than 64,000 people have been evacuated because of the 50,000-acre wildfire ravaging the state. For one industry veteran, the fire was especially costly.
ASOLO, Italy (BRAIN) — Selle Italia is releasing a new saddle line that will be manufactured in Italy using sustainable processes. The saddles can be disassembled and recycled at the end of their usable lives.
SAINT-AUGUSTIN-de-DESMAURES, Québec (BRAIN) — Louis Garneau Sports, which filed for bankruptcy protection in March, is presenting a new debt-restructuring plan to its creditors. The company said it has lined up a group of investors who will help it relaunch and keep it headquartered in Québec. The company did not reveal the identity of the investors.
PORT WASHINGTON, N.Y. (BRAIN) — Perhaps because of the lack of supply of lower-priced bikes, retailers saw a bump in sales of $1,000-plus bikes in June, contributing to a 63% year-over-year growth in bike sales that month, according to the NPD Group.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: “How will you tackle your 2021 preseason ordering? What information and programs are suppliers offering?”
MADISON, Wis. (BRAIN) — Trek Bicycle has announced a new partnership with Bike Exchange, an online marketplace. The deal will allow North American Trek dealers to showcase and sell some Trek products online through the BikeExchange.com platform.
CRESTED BUTTE, Colo. (BRAIN) — TerraQuest’s killer feature is the ability to offer riders turn-by-turn audible directions, even on trails and offline.
The opinion in a recent ruling against Amazon lays out the entire basis of product liability in California and how Amazon’s attempt to shield itself from liability was really a smoke screen for its true role in the chain of distribution.
JOHANNESBURG, South Africa (BRAIN) — Stuart Blyth developed Hubtiger to tie cyclists with bike shops and clubs in one mobile and desktop platform package.
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