News

Posted August 14, 2020

ASBURY PARK, N.J. (BRAIN) — Elizabeth Giaquinto was the industry's first female outside rep and has been serving Bianchi for the last 32 years in the New York and New Jersey area.

Posted August 13, 2020
The recalled Ripper MIPS Jr. model.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission is recalling three Active Brand AS Sweet Protection bicycle helmet models because they do not comply with U.S. safety standards and pose a risk of head injury.

Posted August 13, 2020
Earnings per share hit company record.

TAICHUNG, Taiwan (BRAIN) — Giant Group's second-quarter sales were NT$19.7 billion ($669.7 million) and its earnings per share were NT$4.06, a company record high.

Posted August 13, 2020
Leatt Corp. continued its record-setting financial year.

CAPE TOWN, South Africa (BRAIN) — Leatt Corp. continued its record-setting financial year with second-quarter revenue increasing 32% year-over-year with net income spiking 815%.

Posted August 13, 2020
The crew at SpokeWorks.

SUMMERVILLE, S.C. (BRAIN) — Sometime about nine months or a year after the start of the pandemic in the U.S., a new generation of bike shops will be born, their conception inspired by the 2020 bike boom.

Posted August 12, 2020
REI Co-op will put its new corporate office up for sale.

SEATTLE (BRAIN) — REI Co-op will sell its newly completed corporate office in Bellevue, Washington, and intends to transition to regional locations while giving employees more remote working options.

Posted August 12, 2020
The summer of pre-love.

HATTIESBURG, Miss. (BRAIN) — This could be shaping up as the summer of pre-love — that is, sales of “pre-loved” bicycles, as retailer James Moore likes to call them.

Posted August 11, 2020
The parent of Cannondale, GT, Schwinn, and other brands notched its fifth consecutive quarter of growth.

MONTRÉAL (BRAIN) — Dorel Sports, a division of Dorel Industries, is reporting sales of $285.6 million in its second fiscal quarter, up 18.5% from the same quarter last year.

Posted August 11, 2020
Now it's up to the cities.

SAN FRANCISCO (BRAIN) — The 2020 bike boom is expanding into the micromobility sector with share-bike and share-scooter interest and ridership growing after cities reopened following COVID-19 restrictions.

Posted August 10, 2020

The most important problem facing the specialty retail channel right now is the fundamental question of how much the dealer actually adds to a bicycle sale. And, as usual, no one is asking it.

Posted August 6, 2020
Kids bikes from China will get a break from the trade war tariffs until Dec. 31, but some other products will see an extra 25% tariff again starting midnight Friday.

WASHINGTON (BRAIN) — The Trump administration has extended tariff exclusions it earlier granted to importers of most kids bikes and a few other bike products from China. The importers had been granted a break from a 25% tariff that was due to expire Friday night.

Posted August 6, 2020
Citing crowd-control concerns, the Austin location cancels police contract.

AUSTIN, Texas (BRAIN) — Mellow Johnny’s Bike Shop Austin no longer will sell bicycles to the Austin Police Department because of concerns over officers using them to control Black Lives Matter protesters.

Posted August 6, 2020

(BRAIN) — Vista Outdoor’s sales in its Action Sports division — which includes Bell, Giro, Kash, Raskullz and Blackburn — were up 7% in the company’s first quarter. Sales in the division totaled $72.9 million for the quarter, compared to $67.9 million last year.

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