News

Posted December 17, 2021

WASHINGTON (BRAIN) — Pacific Cycle is recalling more than 11,000 Schwinn electric scooters that were sold at bike shops and online.

Posted December 17, 2021

IRVINE, Calif. (BRAIN) — A global consumer brand investment firm announced an investment in Pedego Electric Bikes. Verlinvest's undisclosed amount will be used to increase the number of Pedego stores and inventory, and support innovation.

Posted December 16, 2021
Quirk, the co-founder of Competitive Cyclist and former Rapha North America president, takes over Dec 20 from Rob DeMartini.

(VELONEWS) — USA Cycling will have a new CEO on Monday, as its current chairman of the board Brendan Quirk will step into the role vacated by Rob DeMartini, who is leaving to head up Purple Innovation, a mattress and pillow company.

Posted December 15, 2021
Welcome a new $1 billion-plus player to the bike industry.

NEW YORK (BRAIN) — After a merger with Signa Sports United — which calls itself "the hidden champion of sports e-commerce" — well-known bike e-commerce sites Wiggle and Chain Reaction are part of a publicly-traded retail group with about $1.8 billion in annual sales, much of it in the bike segment.

Posted December 15, 2021

(CYCLINGTIPS) — USA Cycling President and CEO Rob DeMartini is leaving that role to become the acting CEO and a board member at Purple, which makes mattresses, pillows, and other comfort products.

Posted December 15, 2021

OSAKA, Japan (BRAIN) — Shimano says it successfully petitioned the Internet Corporation for Assigned Names and Numbers to have an e-commerce website taken down because it was posing as a Shimano company site. 

Posted December 13, 2021

LONDON (BRAIN) — Bike.Rent Manager, a bike rental software platform, has secured 490,000 pound ($648,000) investment in a recent funding round in partnership with Universum Wealth. BRM said it is profitable and growing fast with customers in over 27 countries. 

Posted December 13, 2021
Karen Malogorski.

BOULDER, Colo. (BRAIN) — For our December magazine edition, we asked our State of Retail panel members: What percentage of your business is service and how are you managing parts shortages?

Posted December 13, 2021

The only thing we know for sure is that nobody knows for sure.

Posted December 9, 2021

TREVIGLIO, Italy (BRAIN) — Bianchi has unveiled plans to build a new headquarters building and factory here. The 30,000 square meter (325,000 square foot) facility will have about 17,000 square meters devoted to bike production. Production is expected to begin in 2023.

Posted December 8, 2021
RP Designs Smart-Cockpit.

ALPHARETTA, Ga. (BRAIN) — New cycling component company RP Designs has acquired mountain bike brand Ellsworth from the ASG Group. RP Designs and Ellsworth will offer a complete bike lineup, components, and accessories.

Posted December 8, 2021

SUN PRAIRIE, Wis. (BRAIN) — American Classic is back, first as a consumer-direct tire brand, but wheels — and dealer sales — are on the horizon, the reborn company’s new president, Chris Clinton, told BRAIN.

Posted December 7, 2021

BOSTON (BRAIN) — The trustee for bankrupt Massachusetts retailer CrimsonBikes has asked the court to convert the bankruptcy case from Chapter 11 back to Chapter 7, which would lead more quickly to liquidating assets and preclude any chance of the business reorganizing and continuing.

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