News

Posted December 12, 2018

Tariffs are a great way to teach geography, as well as a smattering of international economics.

Posted December 11, 2018

SAN MATEO, Calif. (BRAIN) — GoPro Inc. plans to move most of its U.S.-bound camera production out of China by next summer to mitigate the potential impact of new tariff lists. Production of cameras bound for non-U.S. markets will remain in China.

Posted December 11, 2018
Former industry member Trey Richardson looks at the Interbike cancellation and more.

Like anyone who has invested a good portion of their livelihood in this industry, my heart sank to the news of Interbike being canceled.

Posted December 11, 2018

COLUMBUS, Ohio (BRAIN) — Gov. John Kasich has signed a bill making Ohio the 11th state with an e-bike law supported by the industry. 

Posted December 11, 2018
Scheels megastores make huge impact on local retail when they come to town.
The Scheels in Sparks, Nevada.

LOVELAND, Colo. (BRAIN) — When Scheels All Sports opens one of its gargantuan sporting goods stores in a new community, the local press gushes over the tons of steel and truckloads of concrete needed to build the quarter-million-square-foot stores. Officials and business owners in nearby communities, meanwhile, tally up the "Scheels Factor."

Posted December 10, 2018

LONDON (BRAIN) —The parent company of Rapha has filed an audited financial statement showing an operating loss of nearly 20 million pounds ($25 million) last year. The loss was due to exceptional administrative expenses incurred following the brand's acquisition in 2017; the company's gross profit was nearly 18 million pounds.

Posted December 10, 2018

Anyone can say what they want about Interbike. But I don't believe John Burke, Mike Sinyard and the others who sit at the top in this industry would be here if it weren't for Interbike.

Posted December 10, 2018
Simon Stewart (left) and Joe Parkin.

BUENA VISTA, Colo. (BRAIN)— For longtime friends Joe Parkin and Simon Stewart, the road to becoming shop co-owners has been a long one, complete with twists, turns, pit stops and detours.

Posted December 7, 2018

DURHAM, N.C. (BRAIN) — A bankruptcy judge has ruled that Advanced Sports Enterprises can hold store closing sales at 102 Performance Bicycle locations. The court also pushed back the auction of ASE's assets to mid-January. The auction had originally been scheduled for Dec. 18.

Posted December 7, 2018

HELSINKI (BRAIN) — Private equity investor consortium Mascot Bidco Oy has made a cash offer to purchase all issued and outstanding shares of Amer Sports Corp., currently valued at 4.6 billion euros (about $5.2 billion). This excludes shares held by Amer Sports or its subsidiaries.

Posted December 7, 2018

Wow, and we thought the ASE and Performance bankruptcy was a big deal. I thank BRAIN for allowing me a space to reflect on A Day That Will Live in Infamy. The Day Our Trade Show Died.

Posted December 7, 2018

MARIN, Calif. (BRAIN) — The Marin Municipal Water District will hold a public workshop next week regarding e-bike use in the watershed the agency manages on Mt. Tamalpais, widely regarded as the birthplace of mountain biking, and a local retailer is urging e-bike riders and supporters to participate in and speak at the forum.

Posted December 7, 2018

Interbike died Wednesday at the age of 36. It was a death with little grace. It was painful. Quick. The numbers left few choices. Business is business. Nonetheless, it's personal for those who lost their jobs and for those who, for years, met at Interbike. Long lasting friendships were made there. I know. Let's remember that, and let's think about that for a moment.

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