News
(BRAIN) — Tern is asking retailers to be on the lookout for 48 of its bikes and e-bikes that were stolen while in transport by rail from Los Angelas to a Tern warehouse in Illinois last month.
ROTORUA, New Zealand (BRAIN) — Anonymous industry members have invested NZ$2 million ($1.21 million) into the New Zealand-based fitment database startup Bike Matrix.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: How are you approaching your 2025 ordering? What, if anything, is different this year?
SEATTLE (BRAIN) — Rad Power Bikes laid off an undisclosed number of employees in July, the fifth workforce reduction since 2022.
TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.
The post-COVID reality is reshaping how both suppliers and dealers conduct their businesses.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue was down 18% year-over-year, but CEO Sean Macdonald said the cycling and motorcycle protective brand sees signs of future growth.
SAN MATEO, Calif. (BRAIN) — GoPro Inc.'s second-quarter revenue declined 23% year-over-year with retail-channel sales down 17% during the same period.
ANOKA, Minn. (BRAIN) — Sales declined 13.6% and gross profit decreased 14.2% in the most recent quarter for Vista Outdoor's Revelyst business unit, which includes its bicycle-related brands. The company continues to negotiate with two potential buyers for its Kinetic Group ammunition business and for the entire business. And its board recently announced it's exploring "a full range of alternatives" for Revelyst.
Industry attorney Steven Hansen says this week's administrative decision is a reminder that all entities in a product's distribution bear some responsibility.
Fox said sales of its bike products in the half were down $87.9 million — or 39.3% — from the same period last year.
CORONA, Calif. (BRAIN) — Troy Lee has bought Troy Lee Designs back from 2Ride Holding, which acquired the brand in 2022 from SBJ Capital.
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the parent company of events including the Sea Otter Classic, Unbound Gravel and Leadville 100, announced that its sales were up 18.9% in the second quarter to $667.8 million.
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