News
REDONDO BEACH, Calif. (BRAIN) — Multisport retailer Triathlon LAB, Inc. has been sold to Robert Keating, the a longtime employee and former special operations director. The store was founded by Lloyd and Teresa Taylor in 2003.
TEMECULA, Calif. (BRAIN) — Getting kids ages 3-7 on their own two wheels with their parents has been the goal of StaCyc Inc. since its inception in 2016. Acquired by Harley-Davidson Inc. in March, StaCyc is fast-tracking this rite of passage with a three-pronged strategy.
We’re currently 10 — 15 years into the rise of what I’ve been calling Bike 3.0: a few large companies and retailers rising to market dominance, pushing competitors into marginal positions or out of business entirely. Has Bike 3.0 actually succeeded? And in any case, what comes next?
OLATHE, Kan. (BRAIN) — Gary Burrell, who co-founded Garmin Ltd. with Dr. Min Kao in 1989, died June 12 at age 81, the company announced.
Burrell retired in 2002 and continued to serve as Garmin's co-chairman until 2004 when he was named Chairman Emeritus.
A Chinese company that raised millions by launching a connected road bike with crowdfunding campaigns wound up just a few years later gone without a trace except for 800,000 abandoned share bikes.
NEW YORK (BRAIN) — Wanda Sports Group, a subsdiary of Chinese conglomerate Dalian Wanda, is hoping to raise a half a billion dollars in an intial public offering on Wall Street this year.
BOULDER, Colo. (BRAIN) — Ride Spot offers hand-picked routes in each community, chosen by local bike retailers or other organizations. The routes give beginners an on-ramp to cycling, helping the industry and retailers establish a relationship with the riders that continues after they wheel new bikes out the door. Ride Spot also has features that help bike retailers increase local riding participation, and develop — and market to — a riding community with their store as a hub.
SEATTLE (BRAIN) — Evo, an outdoor and action sports retailer with locations in Seattle, Portland, Denver and Whistler, British Columbia, is planning a 100,000 square foot retail operation in Salt Lake City, to be called Campus SLC.
LONG BEACH, Calif. (BRAIN) — Propel Bikes, a Brooklyn, New York, retailer that specializes in e-bikes, has opened its second location — this one on the opposite coast.
WASHINGTON (BRAIN) — Sen. Mike Lee has reintroduced Senate bill S. 1695, the Human-Powered Travel in Wilderness Areas Act, which would allow local managers to permit bicycles on existing trails and roads in federal Wilderness areas.
SPARTANBURG, S.C. (BRAIN) — Milliken & Company, a textile manufacturer, has signed a definitive agreement to acquire Polartec, a fabric supplier to the markets including outdoor and cycling.
VANCOUVER, British Columbia (BRAIN) — Mobile service franchiser Velofix has hired industry veteran Donny Perry as its senior vice president of retail strategy and operations.
There are simply too many players providing similar services to a small — some would say even shrinking — market.
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