News

Hearing will address union election concerns with REI and Cleveland location

Posted January 30, 2023

CLEVELAND (BRAIN) — REI Co-op and the Retail, Wholesale and Department Store Union failed to agree on a contract to hold an election at REI's Beachwood, Ohio, store last week. The National Labor Relations Board scheduled a hearing Friday.

The Pro's Closet using warehouse bike shop as test retail location

Posted January 30, 2023

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet bills its pilot store here as "The Denver metro area's largest bike shop."

Giant Group agrees to buy minority share in Stages Cycling in $20 million deal

Posted January 27, 2023

TAIPEI, Taiwan (BRAIN) — Giant Group has agreed to make a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.

Rad Power CEO: 'We recognize that we have made mistakes'

Posted January 27, 2023

SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.

GEF Partners invests in MURF Electric Bikes

Posted January 27, 2023

SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.

Portland's inaugural handmade show, MADE, opens registration. Elmes appointed show director

Posted January 26, 2023
Photo courtesy of MADE.

PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.

Council member's bill would ban e-bikes, e-scooters in NYC

Posted January 26, 2023

NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.

PeopleForBikes' BLC speakers include leaders of Giant, Zwift, REI and Cotopaxi

Posted January 25, 2023
Bonnie Tu, the chairperson of Giant Group, and Eric Min, the founder and CEO of Zwift, are among the keynote speakers, along with REI's CEO Eric Artz and Cotopaxi CEO Davis Smith.
Bonnie Tu

BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.

Vista Outdoor realigns its Action Sports business unit

Posted January 25, 2023
Jeff McGuane from Fox Racing will become president of the unit.

ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.

Report: VanMoof needed cash bailout to continue operating

Posted January 25, 2023

AMSTERDAM (BRAIN) — E-bike brand VanMoof asked for and will receive a capital investment from its shareholders after it predicted its survival would be in jeopardy in the first quarter of 2023, the Dutch newspaper

Strava acquires 3D-mapping company Fatmap USA

Posted January 25, 2023

SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.

The Pro's Closet has another round of layoffs

Posted January 20, 2023

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has made its second round of layoffs in the past three months on Thursday, the result of continued economic headwinds facing the cycling industry.

Sakar International recalls three multi-use helmet models

Posted January 20, 2023
Tony Hawk Multi-Purpose Helmet.

WASHINGTON (BRAIN) — Sakar International has recalled three multi-use helmet models because they do not comply with Consumer Product Safety Commission positional stability and retention system requirements.

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