News

PORT WASHINGTON, N.Y. (BRAIN) — Perhaps because of the lack of supply of lower-priced bikes, retailers saw a bump in sales of $1,000-plus bikes in June, contributing to a 63% year-over-year growth in bike sales that month, according to the NPD Group.

BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: “How will you tackle your 2021 preseason ordering? What information and programs are suppliers offering?”
MADISON, Wis. (BRAIN) — Trek Bicycle has announced a new partnership with Bike Exchange, an online marketplace. The deal will allow North American Trek dealers to showcase and sell some Trek products online through the BikeExchange.com platform.

CRESTED BUTTE, Colo. (BRAIN) — TerraQuest’s killer feature is the ability to offer riders turn-by-turn audible directions, even on trails and offline.
The opinion in a recent ruling against Amazon lays out the entire basis of product liability in California and how Amazon’s attempt to shield itself from liability was really a smoke screen for its true role in the chain of distribution.

JOHANNESBURG, South Africa (BRAIN) — Stuart Blyth developed Hubtiger to tie cyclists with bike shops and clubs in one mobile and desktop platform package.

ASBURY PARK, N.J. (BRAIN) — Elizabeth Giaquinto was the industry's first female outside rep and has been serving Bianchi for the last 32 years in the New York and New Jersey area.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission is recalling three Active Brand AS Sweet Protection bicycle helmet models because they do not comply with U.S. safety standards and pose a risk of head injury.

TAICHUNG, Taiwan (BRAIN) — Giant Group's second-quarter sales were NT$19.7 billion ($669.7 million) and its earnings per share were NT$4.06, a company record high.

CAPE TOWN, South Africa (BRAIN) — Leatt Corp. continued its record-setting financial year with second-quarter revenue increasing 32% year-over-year with net income spiking 815%.

SUMMERVILLE, S.C. (BRAIN) — Sometime about nine months or a year after the start of the pandemic in the U.S., a new generation of bike shops will be born, their conception inspired by the 2020 bike boom.

SEATTLE (BRAIN) — REI Co-op will sell its newly completed corporate office in Bellevue, Washington, and intends to transition to regional locations while giving employees more remote working options.