News
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported a 9% year-over-year revenue decrease in the second quarter, but gains in the fitness sector helped mitigate the losses.
POMPANO, Fla. (BRAIN) — Stradalli Cycle, primarily a consumer-direct brand, is for sale.
OSAKA, Japan (BRAIN) — Shimano reported Tuesday that its first-half sales in its bicycle products division were down 14.6% from the same period last year, to 123 billion yen ($1.2 billion); operating income in the segment was down 19.7%.
BOULDER, Colo. (BRAIN) — While year-over-year IBD bicycle sales through May have grown by 30% and other categories also have seen increases, apparel sales declined by 10%, according to the NPD Group. Industry suppliers and retailers revealed a multitude of factors in this decline, while some have found creative ways to buck the trend.
DENVER (BRAIN) — A Colorado business is offering short term rentals of fully outfitted overlanding vehicles for visitors and locals who want to go offroad camping with all the toys, including bikes.
NASHUA, N.H. (BRAIN) — Industry sources tell BRAIN that Brad Hill, owner of the three-store New Hampshire chain Goodale's, is about to sell the business to Trek Bicycles. Hill told BRAIN Thursday that he would have no comment.
HEERENVEEN, Netherlands (BRAIN) — Accell Group saw sales growth of 53.1% in June, helping the Dutch bike company record a first-half sales increase of 4% despite European retail shutdowns in March and April.
MONTRÉAL (BRAIN) — Race Inc., a brand that dates to the early days of BMX, has a new owner who plans to return it to prominence in the sport.
COLORADO SPRINGS, Colo. (BRAIN) — The death of a former Colorado Cyclist product line manager after an altercation with police was ruled a homicide by the El Paso County Coroner's Office, but no charges have been filed as the investigation continues.
FRAMINGHAM, Mass. (BRAIN) — In the middle of a national discussion about the role of police departments in systemic racism, Brandale Randolph, a Black entrepreneur and activist, is raising money to manufacture high-tech police bikes in the United States.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: “How has COVID-19 changed your supplier relationships? How has the communication been?”
STOCKHOLM (BRAIN) — MIPS' net sales dipped 20% in the second quarter with the losses blamed on the COVID-19 pandemic and subsequent stay-at-home orders.
WASHINGTON (BRAIN) — The House of Representatives on Wednesday passed the Great American Outdoors Act that will provide millions of dollars annually for trail maintenance and creation on federal lands.
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