News

OSAKA, Japan (BRAIN) — Shimano is reporting a similar scenario as the rest of the industry: sales of complete bikes in North America declined last year in units, but increased in dollars thanks to a shift to more expensive models, including e-bikes.

BROOKLYN, N.Y. (BRAIN) — By the end of the year, Brooklyn, New York, online and brick-and-mortar retailer R&A Cycles plans to open a new 10,000-square-foot store in Northern California’s East Bay Area.

HELSINKI (BRAIN) — Amer Sports on Thursday reported a 10 percent increase in fourth-quarter sales, to 874.2 million euros ($992 million).

CHAPEL HILL, N.C. (BRAIN) — About 95 employees at ASE's facility here — the longtime headquarters for the company's Performance retail division — were laid off Wednesday as it became near certain that the chain's remaining stores will close for good by next month. The layoffs ended hopes that Performance, once the country's largest bike retail chain with 104 stores and nearly 1,700 employees, would continue to operate brick-and-mortar stores.

CHICAGO (BRAIN) — SRAM on Wednesday gave media, manufacturers, athletes, teams and retailers the go-ahead to publicly release details of the company's AXS wireless 12-speed components, some of which the company says are available immediately at retail.

FRESNO, Calif. (BRAIN) — Authorities are seeking a suspect alleged to have stolen high-end bikes, or attempted to do so, from at least eight stores up and down California — from Mill Valley in the Bay Area to Huntington Beach in Southern California.