News
BUENOS AIRES, Argentina (BRAIN) — President Donald Trump and Chinese President Xi Jinping agreed to a truce in the ongoing trade war this weekend. Trump agreed to delay implementing a 25 percent tariff on Chinese goods — including at least $1 billion in bike-related products — that had been set to take effect Jan. 1.
The former IBD owner says international trade agreements that label products' intended destination could solve gray market issues.
BROOKLYN (BRAIN) — Nearly 290 retailers from 47 states and seven countries have signed up to take part in the second annual Bike Shop Day, an event launched last year by Brooklyn retailer 718 Cyclery.
MADISON, Wis. (BRAIN) — Eight years after it began offering e-bike vacation packages, Trek Travel said it has averaged an annual increase of 50 percent per year since 2016 on e-bike trips. The most popular e-bike trips are offered in California, Tuscany and Provence.
NEW YORK (BRAIN) — Ride share company Lyft has completed its purchase of Motivate, the country's largest bike share company. The purchase was originally announced in July.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Friday that it has promoted Todd Cravens to vice president of business development.
WASHINGTON (BRAIN) — The Sports & Fitness Industry Association is urging the Senate to pass the Personal Health Investment Today Act during its lame-duck session this fall. The PHIT Act passed the House in July.
INDIANAPOLIS (BRAIN) — Marian University has announced the first recipient of its cycling team mechanic scholarship: Charis Lott of Fortville, Indiana. Marian, consistently one of the top schools in collegiate cycling, believes its team mechanic scholarship is the first of its kind in the nation.
HO CHI MINH CITY, Vietnam (BRAIN) — Before the start of any U.S. and EU discussions of tariffs on e-bikes out of China, Taiwan frame builder Astro Engineering Co. Ltd. started to increase its aluminum and carbon frame production capacity in Vietnam.
PITTSBURGH (BRAIN) — Dick's Sporting Goods has reported an increased consolidated net income of $37.8 million for the third quarter ended Nov. 3, compared with $36.9 million during the same period in 2017.
Linus' sales manager says independent retailers offering multiple brands are the future of bike retail.
WASHINGTON (BRAIN) — Öhlins and Specialized are working with the U.S. Consumer Product Safety Commission to recall about 6,000 Öhlins suspension forks that were included on some Specialized mountain bikes and sold in the aftermarket.
HOUSTON (BRAIN) — Retailer Blue Line Bicycle Lab has moved out of its original Houston location, which it had leased for more than a decade, and has purchased a new space that more than doubles its previous footprint.
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