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COLORADO SPRINGS, Colo. (BRAIN) — The City Council here has approved a $16.2 million tax incentive for Scheels, which hopes to open its second Colorado location on the north side of the city in early 2021. Scheels, based in Fargo, N.D., has 27 locations and is one of the country's largest retailers of dealer quality bikes and accessories. It was Trek Bicycle's #1 dealer last year.
BROOKLYN, N.Y. (BRAIN) — You can't buy one (not a new one, anyway), but New Belgium Brewery's cruisers are some of the most popular and visible bikes in the country.
WASHINGTON (BRAIN) — Legislation that would permanently fund the Land and Water Conservation Fund and protect national parks from nearby mining, among other thing, has passed the U.S. House and Senate and is expected to be signed by President Donald Trump.
BOULDER, Colo. (BRAIN) — On occasion, industry data gets so granular — or so small — that you can speculate about the identity of the companies and retailers behind the numbers. For example, in January, one U.S. wholesaler sold one 26-inch dual suspension mountain bike to a customer, for $499 wholesale.
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.
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.
I’ve been thinking a lot about the diversity problem in the bike service industry, and what needs to happen to change it.
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.
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.
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.
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.
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.
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.
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