News
SAN MATEO, Calif. (BRAIN) — GoPro Inc. third-quarter revenue decreased 4% year-over-year but experienced subscription and service revenue growth for the quarter ending Sept. 30.
LIVONIA, Mich. (BRAIN) — Lawrence "Larry" Loiselle died Oct. 12 at age 74. Loiselle grew up in the family business, Jerry's Bicycles, and later owned and operated Livonia Schwinn Bicycle and Fitness Center. He was president of the National Bicycle Dealers Association for several years.
BOULDER, Colo. (BRAIN) — Bicycle Retailer & Industry News has added a free weekly email newsletter devoted to e-bike industry news.
SILVER CITY, N.M. (BRAIN) — The cycling and business community in this small city in southwestern New Mexico have been devasted by the deaths of the husband and wife who owned and ran the Gila Bike & Hike, a long-standing local bike shop.
(BRAIN) — Mobile bike repair franchiser Velofix closed an equity financing round led by Yamaha Motor Ventures, a corporate venture capital fund for mobility and other interests. Yamaha Motor Ventures is joined by existing shareholder MacKinnon, Bennett & Co., and new investor Economic Development Bank of Canada.
OKLAHOMA CITY (BRAIN) — Vittoria Industries announced Tuesday it will move its North American headquarters to Bentonville, Arkansas, in December. The new office space will be inside the Ledger, a new six-story downtown building with bike-friendly amenities.
SCOTTS VALLEY, Calif. (BRAIN) — Giro Sport Design announced its new Ethos Mips and the Ethos Mips Shield helmets on Tuesday. The commuter helmets are designed for commuters and transportation riders and feature front and rear integrated LED lights and turn signals.
LAS VEGAS (BRAIN) — Recon Power Bikes entered a global licensing agreement with GMC to release a new e-bike here today at the SEMA Show to complement the auto manufacturer's Hummer EV Supertruck.
ANOKA, Minn. (BRAIN) — Vista Outdoor, the parent of several bike industry brands, has announced CFO Sudhanshu Priyadarshi will leave the company in November. Separately, Keurig Dr. Pepper announced that it has hired Priyadarshi as its new CFO, effective Nov. 14.
MALLABIA, Spain (BRAIN) — Orbea, which said it has grown significantly in the last 7 years, is reorganizing its executive team to adjust. The reorganization includes the promotion of U.S. industry veteran Nick Howe from U.S. country manager to global sales manager.
ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its driver network in reaction to slowing demand for its door-to-door bike shipping business.
WASHINGTON (BRAIN) — Bike USA Inc. is recalling its Punisher adult cycling helmets because they do not comply with the CPSC's positional stability and impact attenuation requirements, according to a press release from CPSC.
STOCKHOLM (BRAIN) — Thule Group net sales fell 23% year-over-year as global demand for bike products waned because of high inventory levels.
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