News
As dealer and supplier strategies head in opposite directions, the Bike 3.0 model may face its toughest test ever.
SAINT-AUGUSTIN-de-DESMAURES, Québec (BRAIN) — At a hearing Thursday, a majority of the creditors of Louis Garneau Sports and Sugoi Global Inc. accepted a debt restructuring plan proposed by the companies.
The companies filed notices of intention under Canada's Bankruptcy and Insolvency Act in March.
BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: "How has the pandemic affected your business expenses?"
NEW YORK (BRAIN) — Peloton's sales surged in the final quarter of its fiscal year, which ended June 30. Although the stationary bike and treadmill company said it had expected sales to moderate in the quarter, they were up 172%, straining its supply chain.
OXFORD, N.C. (BRAIN) — A company with expertise in speciality coatings containing carbon, quartz, and ceramic fibers certainly would seem to have the ideal background to formulate an effective tire sealant.
HAYWARD, Calif. (BRAIN) — Bianchi USA informed its dealers Wednesday that former Interbike director Pat Hus is joining the company as CEO for USA/North America. The CEO position is new for the company.
WASHINGTON (BRAIN) — Cannondale, which issued a safety notice in July about front racks used on some of its Treadwell bike models, is now conducting a recall of the racks with the U.S. Consumer Product Safety Commission.
LONDON (BRAIN) — Indoor smart bike maker Wattbike has received an investment of 11.5 million pounds ($14.8 million) from Piper, a UK-based private equity firm specializing in consumer brands.
SEATTLE (BRAIN) — The Dutch e-bike brand VanMoof has opened a new company-owned retail store in Seattle, its third location in the U.S.
BOULDER, Colo. (BRAIN) — The Pro's Closet's growth during the unprecedented bike shortage this year has attracted additional funding and led to an upcoming relocation to a bigger facility.
CONCORD, N.H. (BRAIN) — Following its purchase by Trek Bicycle, New Hampshire's Goodale's Bike Shops will retain the 100-year-old name, former owner Brad Hill has told the local newspaper.
WASHINGTON (BRAIN) — U.S. bike imports have been steadily increasing each month since May, but the industry still has a long way to go to recover from a slow start to the year and the skyrocketing retail demand for bicycles during the U.S. COVID-19 pandemic.
Portland retailer Erik Tonkin charges a bike assembly fee on top of the "sticker price." He says it's a better solution to shrinking bike margins.
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