News
OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenue grew 11% year-over-year with the Fitness segment increasing 12% during the same period.
STOCKHOLM (BRAIN) — Thule Group first-quarter net sales increased 10% year-over-year, aided by the acquisition of Quad Lock, but North American organic sales declined, leading the company to i
FAIRFIELD, N.J. (BRAIN) — Kent International would likely suspend production at its South Carolina bike factory later this year if the Trump administration does not reduce tariffs on Chinese imports, Kent Chairman Arnold Kamler said.
BETHESDA, Md. (BRAIN) — The Consumer Product Safety Commission’s proposed e-bike and lithium-ion battery regulation testing standards could devalue inventory in brands’ warehouses and on retailers’ floors if it becomes federal law.
(BRAIN) — The Austrian bicycle trade association is calling on the government to renew an e-bike subsidy program as it reports that e-bikes accounted for 57% of bike unit sales last year, up 5% from the year before.
MONTEREY, Calif. (BRAIN) — reTyre claims its blackwalled tires are at least as durable as regular tires, offer the same traction and are considerably lighter. And they can be easily manufactured close to bike factories — even in the U.S.
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best quarterly result in company history achieving 44 million euros ($50 million) in sales in the first quarter.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent Helen of Troy will freeze inventory purchases from China during what it called "volatile times" because of tariff increases while reporting fourth-quarter and yearly net sales declines.
OSAKA, Japan (BRAIN) — Shimano is sticking to its original guidance for net sales and operating income for the rest of the year after reporting a 15.6% year-over-year increase in revenue in its bike division for the first quarter.
STOCKHOLM (BRAIN) — MIPS reported net sales for the first quarter increased 40% year-over-year and added that bike helmet inventory has "largely normalized" globally.
PHOENIX (BRAIN) — State Bicycle Co. announced on its website that an 8% "tariff recovery fee" is being applied to its products at checkout while warning it expects bike and component shortages for high-demand models similar to early pandemic levels.
LONGMONT, Colo. (BRAIN) — Thule Inc. has told state officials that it will layoff 22 workers at its facility here in October.
CARBONDALE, Colo. (BRAIN) — Revel Bikes told its dealers in an email Thursday afternoon that the brand will be closing.
"There is no easy way to say this. Revel Bikes as it currently stands is closing its doors," the email begins.
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