News
GOODYEAR, Ariz. (BRAIN) — Trek Bicycle Store West Phoenix sales and service employee Mike Smith is recovering from surgery in intensive care after being injured when the driver of a pickup truck ran into the back of a group of cyclists he was riding with on Saturday.

WASHINGTON (BRAIN) — Consumer Product Safety Commission Chair Alex Hoehn-Saric told BRAIN the agency doesn’t recognize the industry’s three e-bike classes but instead treats the regulation of e-bikes on a case-by-case basis.

NEW YORK (BRAIN) — After another fire in the city Friday that officials say was caused by a lithium-ion battery, FDNY and sheriff's office officials inspected five Manhattan bike shops and other locations and found improper storage and charging of hundreds of batteries and dozens of e-mobility devices that violated fire codes.

WEST PALM BEACH, Fla. (BRAIN) — Princeton Carbon Works prevailed after a two-week jury trial in which SRAM LLC had accused the company of infringing on two patents for aero wheels.

DULUTH, Ga. (BRAIN) — Fox Factory sales were up 23.4% last year, to a company record of $1,602.5 million. Sales in Fox's powered vehicle business was up 28% while sales in its specialty sports business, which comprises its bicycle brands, were up 17.6% for the year.

KĖDAINIAI FREE ECONOMIC ZONE, Lithuania (BRAIN) — Pon company officials buried a symbolic time capsule this week in the foundation of a new 40,000-square-meter (431,000-square-foot) bike factory being constructed here.

GARLAND, Texas (BRAIN) — Friends and family of James Kincheloe have started a crowd-funding campaign to help with memorial expenses.
Kincheloe was found dead Feb. 16 at Don Johle's Bike World, where he worked. A fellow employee arriving for work found Kincheloe dead of an apparent gunshot wound.

PITTSBURGH (BRAIN) — Dick's Sporting Goods said it has agreed to acquire the specialty outdoor retailer Moosejaw from Walmart.

OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue decreased 6% year-over-year in the fourth quarter and 2% for 2022 as its Fitness products division experienced the biggest decline of all the company's segments.
Steve Maxwell, co-editor of The Outer Line, takes a look at the cycling media landscape, reviewing the myriad challenges of recent years, and suggesting five key factors for future success.

SVETA NEDELJA, Croatia (BRAIN) — After acquiring a majority interest in Greyp in 2021, Porsche announced the Croatian e-bike brand will operate under the Porsche eBike Performance group.

TOYKO (BRAIN) — Shimano is forecasting a company-wide 20.5% drop in net sales for its fiscal 2023, citing global economic conditions and supply chain disruptions. It's forecasting bike division sales will be down 23%.