News

Posted May 7, 2020
Company had been managed by a turn-around firm since February. Regent, which announced it had bought the brand last March, has no comment.
Mavic's headquarters near Annecy, which it shared with the ski brand Salomon.

ANNECY, France (BRAIN) — Mavic has been put into receivership at the French commercial court in Grenoble, after being put under the management of a turnaround firm in February.

Posted May 7, 2020
GoPro revenue fell 51% in the first quarter of 2020.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. said Thursday afternoon first-quarter revenue fell 51% year-over-year, in line with what the company predicted last month after announcing a workforce reduction and a transition to direct-to-consumer sales in the wake of the COVID-19 pandemic.

Posted May 7, 2020

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: “How has your business been affected by COVID-19 so far? What steps are you taking to weather the storm as the pandemic continues?”

Posted May 7, 2020
USA BMX tracks are gradually reopening in the US.

GILBERT, Ariz. (BRAIN) — Fifteen USA BMX tracks in six states held "soft" reopenings for practice and races last week under state and city social distancing guidelines established during the COVID-19 pandemic.

Posted May 7, 2020

PITTSBURGH (BRAIN) — In areas where local guidelines and public health considerations allow, some Dick's Sporting Goods stores in 26 states are reopening with social distancing measures in place during the COVID-19 pandemic.

Posted May 6, 2020

NEW YORK (BRAIN) — Peloton's sales grew 66% to $524.6 million in the first quarter, as the brand's Connected Fitness subscriber count grew 94% to 886,100, digital subscribers grew 64% to 176,600 and total membership grew to 2.6 million. 

Posted May 6, 2020

BRASELTON, Ga. (BRAIN) — Fox Factory recorded a 1.8% decline in revenue in its Speciality Sports Group, which is comprised of sales of bicycle products sold under the Fox, Marzocchi, Race Face and Easton brands. The company attributed the decline to "a shift in timing of OEM orders."

Posted May 4, 2020

MILAN (BRAIN) — Chimera Investments LLC, an investment fund based in Abu Dhabi, United Arab Emirates, has acquired a majority of the shares in Colnago, the Italian road bike brand.

Posted May 4, 2020

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike, originally scheduled for Sept. 2-5, has been moved to the late November dates that organizers previously announced as a backup.

Posted May 4, 2020
In the first week, SBA lends $175 billion to small businesses.

WASHINGTON (BRAIN) — The Small Business Administration said Sunday it issued 2.2 million Paycheck Protection Program loans valued at $175 billion in the first week of the second round of federal funding during the COVID-19 pandemic.

Posted May 1, 2020
Ryan Zagata.

BROOKLYN, N.Y. (BRAIN) — Recent "Pandemic Check-ins" have featured executives with large IBD suppliers in Wisconsin, California, and Minnesota. Today we check in with a smaller supplier based in the pandemic's epicenter and who is experiencing a major sales boom — with sales up 600% so far this year.

Posted April 30, 2020
Jenn Dice

PeopleForBikes' COO says that when it comes to bikes, every day brings more than just some good news.

Posted April 29, 2020
Large companies receiving small business loans leads to more oversight.

WASHINGTON (BRAIN) — The Small Business Administration and Department of the Treasury will make it easier for small businesses to obtain Paycheck Protection Program loans.

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