News
COSTA MESA, Calif. (BRAIN) — Selle Royal Group is now the sole owner of distributor Highway 2; the Italy-based group previously owned 50% of Highway 2 in partnership with Continental Tire.
BENTONVILLE, Ark. (BRAIN) — The Consumer Product Safety Commission will consider regulating micromobility devices, including e-bikes, but don't expect anything final to come before 2025.
BERLIN (BRAIN) — E-commerce giant Signa Sports United says it is taking legal steps after a holding company terminated a 150 million euro equity commitment.
BENTONVILLE, Ark. (BRAIN) — A new federal study of micromobility injuries and deaths found that injuries associated with all micromobility devices increased nearly 21% in 2022 from 2021.
Staying small and lean seems to work, at least for some non-aligned dealers.
(BRAIN) — Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG").
SEATTLE (BRAIN) — REI Co-op announced in an email to employees that it is cutting about 275 jobs in a restructuring of store roles — including the elimination of the sales leads — and revamping scheduling.
WATERLOO, Wis. (BRAIN) — Trek Bicycle's Red Barn Refresh program's e-commerce site is live, offering used road, mountain, electric, and kids bikes in the industry's first trade-in program.
PARK CITY, Utah (BRAIN) — Kent Outdoors, which acquired Kona Bicycles almost a year ago, is moving its corporate headquarters to Park City, Utah.
AUSTIN, Texas (BRAIN) — Woom kids bikes now are available at 30 REI Co-op locations and at 10 additional U.S. independent bike dealers.
BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.
SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021.
BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.
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