News

Posted November 11, 2020

Dear Rick,

You said suppliers are getting fat and happy while shorting their retail channel partners. Maybe some are! Giant is not.

Posted November 11, 2020

WASHINGTON (BRAIN) — Quality Bicycle Products issued a recall of Salsa Cycles Cutthroat bikes because the fork legs can crack or break. The recall affects about 600 bikes in the U.S., and another 100 sold in Canada.

Posted November 10, 2020
Bike division sales were up 32% in the quarter.

BRASELTON, Ga. (BRAIN) — Fox Factory said it was able to meet heightened consumer demand while also improving gross margin despite "an uncertain and complex manufacturing environment."

Posted November 10, 2020

SANTA CRUZ, Calif. (BRAIN) — The U.S. office of Gazelle Bikes will be distributing Urban Arrow Family e-cargo bikes in North America in 2021. 

Posted November 10, 2020

BLOOMINGTON, Minn. (BRAIN) — Erik's Bike Board and Ski is moving its headquarters from Bloomington to the Minneapolis University neighborhood this month.

Posted November 9, 2020

TAICHUNG, Taiwan (BRAIN) – Giant Group’s third-quarter revenue jumped 14.6 percent over last year’s to NT$19.47 billion ($681.4 million) thanks to a surge in worldwide demand for bicycles and e-bikes.

Posted November 9, 2020
UPDATED: The trustee for the former owner of Performance Bike and ASI is suing 23 companies, seeking to recover $2.6 million.

DURHAM, N.C. (BRAIN) — Nearly two years after Advanced Sports Enterprises and its subsidiaries filed for bankruptcy, the case drags on.

Posted November 9, 2020

BIG FLATS, N.Y. (BRAIN) — Stan's NoTubes officially is expanding into the off-road outdoor equipment market with its tubeless sealant.

Posted November 9, 2020
Peloton's stock price Monday. Source: NASDAQ.com.

NEW YORK (BRAIN) — Market indexes soared Monday on Pfizer's good news about a COVID-19 vaccine. However, some bike-related stocks were trading down as investors bet riding — indoors or outside — will be less popular in a post-COVID world.

Posted November 9, 2020

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: “What long-term changes have you made to your business as a result of COVID-19?”

Posted November 9, 2020

As retailers scramble to get enough product for 2021 and suppliers seek to increase their slice of pie, a new dynamic is emerging in the specialty retail channel.

Posted November 8, 2020

MONTRÉAL (BRAIN) — Raymond Lanctôt LTD has signed a multi‐year agreement to distribute Mavic products in Canada.

Posted November 6, 2020

MONTRÉAL (BRAIN) — Dorel Sports, the parent of Cannondale, Schwinn, Mongoose, Pacific and other brands, reports third-quarter sales of $306 million, a 22.1% increase over the same period last year. 

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