News

Posted August 11, 2020
The parent of Cannondale, GT, Schwinn, and other brands notched its fifth consecutive quarter of growth.

MONTRÉAL (BRAIN) — Dorel Sports, a division of Dorel Industries, is reporting sales of $285.6 million in its second fiscal quarter, up 18.5% from the same quarter last year.

Posted August 11, 2020
Now it's up to the cities.

SAN FRANCISCO (BRAIN) — The 2020 bike boom is expanding into the micromobility sector with share-bike and share-scooter interest and ridership growing after cities reopened following COVID-19 restrictions.

Posted August 10, 2020

The most important problem facing the specialty retail channel right now is the fundamental question of how much the dealer actually adds to a bicycle sale. And, as usual, no one is asking it.

Posted August 6, 2020
Kids bikes from China will get a break from the trade war tariffs until Dec. 31, but some other products will see an extra 25% tariff again starting midnight Friday.

WASHINGTON (BRAIN) — The Trump administration has extended tariff exclusions it earlier granted to importers of most kids bikes and a few other bike products from China. The importers had been granted a break from a 25% tariff that was due to expire Friday night.

Posted August 6, 2020
Citing crowd-control concerns, the Austin location cancels police contract.

AUSTIN, Texas (BRAIN) — Mellow Johnny’s Bike Shop Austin no longer will sell bicycles to the Austin Police Department because of concerns over officers using them to control Black Lives Matter protesters.

Posted August 6, 2020

(BRAIN) — Vista Outdoor’s sales in its Action Sports division — which includes Bell, Giro, Kash, Raskullz and Blackburn — were up 7% in the company’s first quarter. Sales in the division totaled $72.9 million for the quarter, compared to $67.9 million last year.

Posted August 6, 2020
"It's a bit of a bike renaissance we are experiencing," CEO says.

BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle-related sales were up 10% in its second fiscal quarter, which ended July 3.

Posted August 6, 2020
Entrepreneur, philanthropist, NFL linebacker, and explorer will advise the leading creator of active lifestyle content as they grow and diversify their business

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, the leading endurance sports media platform, today announced that Dhani Jones, founder of BowTie Cause and Chairman of Qey Capital, has been elected to its board of directors.

Posted August 6, 2020
Revenue decreased 54.1% in the second quarter.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported a 54.1% revenue drop in the second quarter ending June 30.

Revenue was $134.2 million, compared with $292.4 million in the second quarter of 2019. Net income was $40.7 million, compared with $102.1 million year-over-year. Earnings per share were $0.34.

Posted August 5, 2020
As retail sales increased by double or triple digits, bike imports were up just 3% through June.
Monthly bike imports.

BOULDER, Colo. (BRAIN) — Bike imports are up significantly in recent months, according to U.S. Department of Commerce figures released Wednesday. But importers are still struggling to make up for reduced shipments earlier in the year combined with unprecedented demand from retailers and consumers.

Posted August 4, 2020
Millions of dollars annually will go to trail maintenance and creation.
The signing ceremony Tuesday. White House photo.

WASHINGTON (BRAIN) — President Donald Trump on Tuesday signed into law the Great American Outdoors Act that will provide millions of dollars annually for trail maintenance and creation on federal lands.

Posted August 4, 2020
The ISO published its 10th specification for e-bike manufacturing safety.

GENEVA (BRAIN) — The International Organization for Standardization published its 10th specification for e-bike manufacturing safety, this one addressing requirements and testing methods for motors and electrical systems.

Posted August 4, 2020

This is a challenging time for all of us. As more and more events go virtual, trade shows are canceled and travel within our industry at a standstill, I am concerned about the depth of connection within our industry and to our customers.

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