News

Posted March 15, 2021
Company goes outdoor to promote its new e-bike model.
Cannondale's Adventure Neo electronic billboard in Times Square.

WILTON, Conn. (BRAIN) — Cannondale unveiled a series of billboards in high traffic locations in four cities to tout its newest e-bike line and the benefits of cycling from a green transportation and health and fitness perspective.

Posted March 15, 2021

ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.

Posted March 15, 2021
The Bennett's crew circa 1980. (ID's below)

STATEN ISLAND, N.Y. (BRAIN) — Tom Riccio walked into Bennett’s Bike Shop in 1993 to buy his five-year-old son’s first bike. He left with four bicycles and a connection to a community that would keep going for the next 27 years. “We decided in the store to become a family of bike riders,” he said.

Posted March 15, 2021
Howard Chung.

BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your hiring challenges, and how do you manage them? Are you re-evaluating hiring practices to attain more diversity?

Posted March 15, 2021
SO 2013: Cannondale experimented with concept stores years ago.

Like them or not, brand-owned retail stores are here to stay, with Trek in a commanding position to lock in key markets nationwide.

Posted March 13, 2021

BLOOMINGTON, Minn. (BRAIN) — The industry probably can't control when the current boom will end (although we'd all like to extend it). But it might be able to influence how it ends.

Posted March 13, 2021

The industry futurist says if the situation reduces inventory turns to unprofitable levels, that would be a glut to be concerned about.

Posted March 12, 2021
Dorel says supply constraints, increased shipping costs and CSG's switch to calendar-year models impacted Q4 profits.

MONTRÉAL (BRAIN) — Dorel Sports recorded a 14% sales increase in its fourth fiscal quarter and a 15% increase for its full fiscal year, which ended Dec. 30. Dorel Sports is the division of Dorel Industries that holds its bike brands, including Cannondale, Schwinn, GT and others.

Posted March 12, 2021
Bill also introduced to extend loan assistance until May 31.

WASHINGTON (BRAIN) — The Paycheck Protection Program received an additional $7.25 billion as part of the passing of the American Rescue Plan Act on Thursday.

Posted March 11, 2021

PITTSBURGH (BRAIN) — The Dick's Sporting Goods senior women's leaders announced an advertising campaign Thursday to showcase the company's efforts to assist women and girls on and off the field.

Posted March 11, 2021
Charles T. Brown

BOULDER, Colo. (BRAIN) — Engaging and encouraging marginalized communities and investing in infrastructure will grow cycling and make it more inclusive, according to a new study commissioned by PeopleForBikes.

Posted March 10, 2021

WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.

Posted March 9, 2021

TEMPE, Ariz. (BETA) — Riding apparel brand Wild Rye has teamed up with Pivot Cycles on a three-piece collection designed to celebrate riders who identify as women.

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