News
MILAN, Italy (BRAIN) — Luxottica Group SpA, parent of optical brands including Oakley and Ray Ban, reported this week that third-quarter net income rose 10 percent to 162 million euros ($204 million) fueled in part by strong sales growth of more than 30 percent in emerging markets including China, Brazil, India and
BERN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry (WFSGI) has elected ISM Saddles’ Dave Schindler and Selle Italia’s Piet van der Velde chairpersons of the organization’s new Bicycle Saddle Committee.
ORLANDO, Fla. (BRAIN)—A recent purchase of four bike shops in a one-month period has brought the store count at David’s World Cycle to 12. The greater Orlando-area retailer also has its sights on a fifth acquisition, with a deal set to close in November.
WASHINGTON (BRAIN) — Cane Creek Cycling Components is working with the U.S. Consumer Product Safety Commission to recall about 5,000 DBinline rear shocks sold in the U.S. because the shocks are marked with graphics that incorrectly identify the adjustment directions for high-speed rebound damping.
WASHINGTON (BRAIN) — When Katie Lupo went shopping for a bike after relocating to D.C. from Madison, Wisconsin, for an internship, she was shocked to discover there were no used bike shops in the city. After finishing graduate school, Lupo decided to move to D.C. permanently and open her own. Lupo started Gearin’ Up Bicycles in late 2012 as a nonprofit community used bike shop, modeling it after a similar program in Madison called Dream Bikes.
Editor's note: The case referenced in the article below was dismissed with prejudice on Sept. 1, 2015.
YPSILANTI, Mich. (BRAIN) — When Two Wheel Tango unexpectedly closed in early October, many customers who had purchased bikes from one of its three stores wondered where they would take them for service.
RICHMOND, Victoria, Australia — Knog has enlisted Channel IQ’s services to “regain some control over the integrity of pricing” online, the Australian light and lock brand said in a release.
DENVER (BRAIN) — The 2014 USA Pro Challenge stage in August brought $130 million in spending to its home state of Colorado, according to a study by sports research firm Sponsorship Science. The USA Pro Challenge commissioned the study.
ELLICOTT CITY, Md. (BRAIN) — After learning that the strip mall where Race Pace Ellicott City was housed for 30 years would be torn down, owner Alex Obriecht began looking for a new building to rent. Buying property wasn’t something he had initially considered, but commercial rentals were expensive and difficult to find. So in December 2012, Obriecht purchased a 7,000-square-foot warehouse that had previously been used to store excavating equipment. He hired an architect and the building was gutted and remodeled inside and out. An additional 4,800 square feet of space was also added to the building. The process took more than 21 months — nearly a year longer than Obriecht had anticipated.
SUWANEE, Ga. (BRAIN) — Tire maker CST is implementing a minimum advertised price (MAP) policy for all of its bicycle products effective Nov. 1.
SAN FRANCISCO — Strava, an app popular with the cycling community, has raised $18.5 million in new money to pay for future growth and expansion, reports Re/Code Daily, a website that covers the digital technology market.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike’s IBD Summit returns for its fourth edition in 2015 with a new Arizona locale, revamped agenda and a winter calendar date conceived to be more convenient for retailers than the event’s traditional April timing around “Monterey Week” and the Bicycle Leadership Conference and Sea Otter Classic in Northern California.
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