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News
Posted February 26, 2019
For the first time in several years, bike-related sales accounted for less than half of the company's revenues in 2018.
BRASELTON, Ga. (BRAIN) — Sales in Fox Factory's Specialty Sports Group — which comprises the company's bicycle brands: Fox and Marzocchi suspension, RaceFace and Easton Cycling — grew 14.9 percent last year, to $282 million, according to an earnings report Tuesday.
Posted February 26, 2019
DeMartini will relaunch the business, which shut down last August
PARK CITY, Utah (BRAIN) — Park City Bike Demos, a Utah retailer that operated with an unusual business model, has been acquired by Robert DeMartini, the new CEO of USA Cycling and former CEO of New Balance.
Posted February 26, 2019
I’ve been thinking a lot about the diversity problem in the bike service industry, and what needs to happen to change it.
Posted February 25, 2019
I often ask people, “Which group is stronger — retailers or bike brands?” Right now, we’re in one of the relatively few periods of agreement.
Posted February 25, 2019
TWITTERVERSE (BRAIN) — According to tweets sent out from the account of President Donald Trump on Sunday, the U.S. will delay an increase in tariff rates on Chinese goods, initially set to happen on March 1.
Posted February 22, 2019
WASHINGTON (BRAIN) — SRAM is working with the U.S. Consumer Product Safety Commission to recall i-Motion 3 three-speed internal gear hubs with a coaster brake that were sold on some Electra model bicycles with no redundant braking system.
Posted February 22, 2019
Ages ago, we sold bicycles and those bicycles had sustainable margins. Today, margins on most new retail goods are shrinking and while we’ve figured out that we can’t give stuff away, we still give away a free tuneup with some bike sales.
Posted February 20, 2019
Company expects Tacx acquisition to boost fitness sales in 2019.
OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported a 4 percent jump in fourth-quarter revenue, to $932 million, as the company's aviation, marine, outdoor and fitness businesses grew a collective 13 percent compared with a year earlier. Revenue for the full year rose 7 percent to $3.35 billion.
Posted February 20, 2019
BENTONVILLE, Ark. (BRAIN) — This community, which already has hosted an IMBA World Summit, Outerbike and other bike events, will be home to the new Innovation Cycles Festival in mid-September. "Think of it as Ted Talks for the e-bike industry," said event organizer Nat Ross.
Posted February 20, 2019
Stick the word “nasty” in a sentence and it’s guaranteed to spark curiosity among our faithful readers.
Posted February 20, 2019
Company will transition exclusively dealer direct sales this year.
CHARLOTTE, N.C. (BRAIN) — Kask America began selling direct to U.S. and Canadian dealers on Jan. 1 and will continue sales through its existing distributors through early spring as it transitions to an exclusively dealer-direct model.
Posted February 19, 2019
Company is relaunching with warehouses full of in-season products that were held back from the ASE bankruptcy liquidation sales.
PHILADELPHIA (BRAIN) — Advanced Sports Inc., the distribution arm of Advanced Sports Enterprises, is now ready to return to full-scale business, selling Fuji, Kestrel, Breezer, SE Bikes and its other brands to U.S. retailers.
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