News

Posted November 6, 2020

STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.

Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.

Posted November 5, 2020

NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.

Posted November 5, 2020

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported revenue increased 114% year-over-year for the third quarter that ended Sept. 30.

Posted November 5, 2020
Action Sports sales up 16%.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to  $162 million.

Posted November 5, 2020
The multi-sport e-commerce brand with a growing dealer network will move to a 200,000-square-foot distribution center outside of LA in early 2021.
With bike sales leading the way, Retrospec will expand footprint.

LOS ANGELES (BRAIN) — With product line and revenue growing, it was only a matter of time before Retrospec grew out of its Los Angeles home.

Posted November 2, 2020

GRAND JUNCTION, Colo. (BRAIN) — From serving as home of cycling companies to being amid some of the country’s best road routes and mountain bike trails, Grand Junction is considered by many as a cycling mecca.

Posted November 2, 2020

MONTRÉAL (BRAIN) — Cerberus Capital Management is backing a group of family shareholders to take Dorel Industries private. Dorel is the owner of Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse.

Posted November 2, 2020

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has acquired FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners, triathletes, and cyclists across 3,000 events in 50+ countries.

Posted October 30, 2020
Trek's packaging BEFORE the change.

WATERLOO, Wis. (BRAIN) — Trek changed its bike packaging to incorporate lower-impact and recyclable materials earlier this year. On Friday the company released details of its new bike box and internal packaging and made a commitment to move to 100% recyclable and plastic-free packaging. 

Posted October 30, 2020

LAWRENCE, Kan. (BRAIN) — Sunflower Outdoor & Bike Shop, a nearly 50-year-old retailer in downtown Lawrence, has added a cafe that offers coffee, beer and snacks, as part of store redesign that adds more space for customers to socialize — while maintaining some social distance.

Posted October 30, 2020
Part 15 of BRAIN's Crystal Ball series.
Chris Guillemet, co-founder, Velofix

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 15 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Posted October 29, 2020
Madison city workers make use of an e-cargo bike in the pilot.

MADISON, Wis. (BRAIN) — Saris is now working with Urban Arrow, the Dutch e-cargo bike brand, and the e-bike motor supplier Bosch to build and distribute commercial e-cargo bikes to the public sector in North America. Gazelle Bikes remains Urban Arrow's North American distributor of consumer e-cargo bikes.

Posted October 29, 2020

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products said its rebranding, revealed Thursday on its website and other communications, is more than just a new logo.

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