Retail News
SEATTLE (BRAIN) — REI Co-op announced in an email to employees that it will reduce starting pay for employees at retail stores, distribution centers, and its headquarters beginning July 1 and reduce benefits for all current employees.
PITTSBURGH (BRAIN) — Dick's Sporting Goods fourth-quarter net sales increased 59.9% year-over-year and 28.1% for 2025 as the company said it benefitted from the acquisition of Foot Locker and a strong holiday season.
DURANGO, Colo. (BRAIN) — Hollow, an alpaca sock brand from serial entrepreneur Brian Davis, had sales of about $40 million last year, driven in part by extensive use of AI and LLM.
BOULDER, Colo. (BRAIN) — The former Colorado Multisport and Full Cycle owners are engaged in a legal dispute over the sale of the combined business to Mike's Bikes last summer.
LOS ANGELES (BRAIN) — A paraplegic man has dropped a suit against a bike shop ownerwho he said did not have a required ramp to enter the store.
MINNEAPOLIS (BRAIN) — Angry Catfish bike shop is helping plan and promote a memorial ride this Saturday in Minneapolis, and assisting organizers around the country in holding their own events.
BOULDER, Colo. (BRAIN) — For our January magazine edition, we introduce this year's State of Retail panel members and their businesses, representing 224-plus years of experience in the industry and specialty retail.
TORONTO (BRAIN) — Longtime retailer and cycling advocate Murad Hassanali, who owned and operated three Giant/Liv stores, died in a hospital Oct. 26. He was 77.
BOULDER, Colo. (BRAIN) — The BuySell feature on BRAIN's sister site Pinkbike.com is popular with many bike retailers who use it to sell new and used merchandise. This week Pinkbike announced some improvements to the program, including a peer rating system for buyers and sellers.
PORTLAND, Ore. (BRAIN) — For Tom Martin, owner of TomCat Bikes, Small Business Saturday never contributed much to the bottom line, and that was the general opinion of the shops BRAIN contacted in the days leading up to the shopping event that encourages buying local.
PITTSBURGH (BRAIN) — Dick's Sporting Goods net sales increased 36.3% year-over-year in the third quarter while the big-box brand completed the Foot Locker acquisition and announced it will close an undisclosed number of the underperforming shoe stores.
FOUNTAIN VALLEY, Calif. (BRAIN) — Saddle is a platform that lets bike owners track their rides, set maintenance schedules, book service appointments, and even set boundaries for kids rides.
SEATTLE (BRAIN) — A week after announcing a strategic plan to employees that would involve difficult decisions to grow sales, REI Co-op said it will close three stores next year, including the New York City SoHo location.
MOAB, Utah (BRAIN) — Last week's announcement by the Bureau of Land Management that it will open 200 miles of mountain bike trails in the Moab area to Class 1 e-bikes has industry folks buzzing with both trepidation and eager anticipation.
NEW YORK (BRAIN) — Firefighters extinguished a lithium-ion battery fire Sunday in the cellar of a Queens home operating as a battery repair business, according to the Fire Department of New York.
ASHEVILLE, N.C. (BRAIN) — Sports nutrition e-commerce brand Fuel Goods Inc. announced earlier this month a $1.7 million investment in a fully integrated facility here that it said will create 47 new jobs in the next five years.
BOULDER, Colo. (BRAIN) — Pon.Bike's Mike's Bikes retail chain acquired Boulder's Full Cycle on Tuesday. The location re-opened Thursday as a Mike's Bikes store — the fifth in Colorado and 19th in the country.
CALABASAS, Calif. (BRAIN) — Canyon's first U.S. Experience Center is at Pedalers Fork, a combination café in bike shop in the Calabasas, a city about 30 miles northwest of downtown Los Angeles.
SEATTLE (BRAIN) — REI Co-op net sales for 2024 declined 6.2% year-over-year with new CEO Mary Beth Laughton acknowledging a challenging marketplace "and yet I remain hopeful."
BRIGHTON, United Kingdom (BRAIN) — Bikebook, a free online platform that helps consumers find bike service businesses, has come to the U.S. and Canada.
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