News

Posted April 3, 2020

WASHINGTON (BRAIN) — A program authorizing billions of dollars in forgivable small-business loans hit major snags on Friday, after final Treasury Department guidance went out late Thursday combined with application issues to hinder the process.

Posted April 3, 2020
Fox Racing and Smith Optics are also donating goggles.
100% is donating protective eyewear to first-responders and medical personnel.

SAN DIEGO (BRAIN) — Performance eye protection has been a focus of 100% with its lines of sunglasses and goggles.

Until two weeks ago.

Now the focus is clearly necessary eye protection.

Posted April 3, 2020

SEATTLE (BRAIN) — Evelo, a Seattle-based e-bike brand, has access to personal protective equipment, including face masks, from some of its Chinese and Hong Kong suppliers.

Posted April 3, 2020

WATERLOO, Wis. (BRAIN) — Trek Bicycle is offering free home delivery throughout the continental U.S. for online bike orders through May 1 to provide better access to cycling during the COVID-19 pandemic.

Posted April 3, 2020
QBP laid off 12% of its workforce, but it, and other distributors, say their warehouses are shipping at full capacity.

BLOOMINGTON, Minn. (BRAIN) — QBP has laid off 12% of its workforce, about 80 employees, the company confirmed Friday. Some other distributors are making workforce reductions as well.

Posted April 3, 2020

NEW YORK (BRAIN) — E-bikes and e-scooters officially became legal Thursday night when the state Assembly approved Gov. Andrew Cuomo's bill that was introduced in his executive budget in January.

Posted April 2, 2020

ALEXANDRIA, Va. (BRAIN) — A U.S. Patent and Trademark Office board ruled that Century Sports, Inc. abandoned the Ross bicycle trademark, opening the door for Ross family members to register it and relaunch the brand.

Posted April 2, 2020

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Due to the COVID-19 pandemic, Outdoor Retailer has canceled its 2020 Summer Market, originally scheduled for June 23-25 at Denver's Colorado Convention Center.

Posted April 2, 2020
Epic Cycles owner Allan Hightower, right, with mechanic Alonso Gutierrez.

BLACK MOUNTAIN, N.C. (BRAIN) — One North Carolina retailer expressed his thoughts in a letter to his suppliers about how COVID-19 has affected his business, and shared a glimpse with BRAIN about how his 1,600 square-foot downtown location is weathering an economic and humanitarian crisis.

Posted April 2, 2020
PeopleForBikes updated the industry on available resources for employers in a webinar Thursday.

BOULDER, Colo. (BRAIN) — PeopleForBikes updated the bike industry Thursday with some sobering numbers, as well as some more resources for employers.

Last week, a record 6.6 million Americans applied for unemployment. In the past two weeks, it's nearly 10 million.

Posted April 2, 2020

NEW YORK (BRAIN) — Sears Holdings Corporation, which filed for bankruptcy in late 2018, is trying to recover millions of dollars in payments it made to vendors in the days prior to the filing. Those vendors include Bell Sports, Kent International, Cycle Force Group, and Bicycle Doctor of Broward.

Posted April 2, 2020
VP Components is recalling its Harrier and Giant Pinner DH bicycle pedals.

WASHINGTON (BRAIN) — VP Components is recalling its Harrier and Giant Pinner DH bicycle pedals because of concerns the body can separate from the spindle, posing a rider fall and injury hazard.

The pedals are red, silver, or black in color with Harrier or Giant printed on the pedal body.

Posted April 2, 2020

SALT LAKE CITY (BRAIN) — The founders of Trust Performance, a suspension brand launched by a team of industry veterans, announced Thursday that they are shutting down the company about five years after its beginnings.

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