Retail News

MARSHALL, N.C. (BRAIN) — Alex Webber moved from New Orleans to the mountains of North Carolina after her home was damaged by Hurricane Katrina in 2005. But the mountains weren't high enough to protect her from hurricanes.

Purchase includes Competitive Cyclist and Steep and Cheap.

MERRILLVILLE, Ind. (BRAIN) — CSC Generation Enterprise, which owns and operates e-commerce retail businesses in several categories, has acquired Backcountry.com, including its MotoSport, Competitive Cyclist and Steep and Cheap businesses.

Tagged Mergers, Acquisitions & Investments

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.8% in the second quarter and improved its full-year outlook.

Tagged Earnings/Financial Reports
Estelle Gray

SEATTLE (BRAIN) — Estelle Gray, a longtime retailer and industry leader, died July 26 at 69, three years after being diagnosed with bladder cancer.

BENTONVILLE, Ark. (BRAIN) — High-end bike brand Van Dessel will operate a pop-up store here from Sept. 5 until Sept. 25.

The store will be at 918 West Central Avenue and feature a selection of the brand’s most popular models, including road, gravel, mountain, e-mtb, and cyclocross bikes.

VANCOUVER, British Columbia (BRAIN) — Industry veteran Chris Speyer, most recently Chief Merchandising Officer at REI Co-op, is joining the Canadian sports retailer Mountain Equipment Company. He will officially join MEC at the end of the month. 

PARK CITY, Utah (BRAIN) — Online retailer Competitive Cyclist was named the official U.S. retailer for Tour de France products for the third consecutive year. The partnership with Amaury Sport Organisation, which coordinates the Tour, was announced Thursday.

Kersten, in high-vis apparel, announced the Las Vegas show at the NBDA Summit Wednesday.

BENTONVILLE, Ark. (BRAIN) — The industry will return to Las Vegas for a trade show for the first time since the 2017 when CABDA hosts its West event in the Nevada city next March.

Tagged CABDA

BANNER ELK, N.C. (BRAIN) — JC Lakey didn’t hesitate when asked his reaction Monday morning to Kona Bicycles’ founders reacquiring the brand from private equity-backed Kent Outdoors. 

COLUMBUS, Ohio (BRAIN) — Roll: Bicycle Company will close its remaining two retail locations in Bexley and Upper Arlington this month in response to an industry that is "really challenging right now, particularly for independent local retailers," founder and CEO Stuart Hunter

Mongoose Salvo 2.

MADISON, Wis. (BRAIN) — Dick's Sporting Goods will begin carrying Mongoose bikes this month, supplanting GT Bicycles, which ended its agreement with the box-store giant at the end of 2023.

Increasing worker pay contributed to losses.

SEATTLE (BRAIN) — REI Co-op reported a net loss of $311 million in 2023 with yearly revenues declining 2.4% compared with the previous year.

Tagged Earnings/Financial Reports

BROOMFIELD, Colo. (BRAIN) — The homepage of e-commerce sites Colorado Cyclist and Planet Cyclery (which merged in late 2021) each began promoting a "Closing Sale" on their homepages this week.

Updated with more details following an FDNY news conference Monday afternoon.

NEW YORK (BRAIN) — For the first time in its campaign to help the city address escalating lithium-ion battery fires, the Fire Department of New York filed criminal charges against a Brooklyn e-bike shop owner for illegal storage and charging on Friday.

Tagged Electric bike

DICKINSON, N.D. (BRAIN) — Bernice “Bernie” (Kessel) Santiago died on March 9 in the comfort of her own home surrounded by family. She was only 60 years of age.

Two IBDs join the event in Tucson.
Smith (left) and Saltvold at BLC this week. Ray Keener photo.

TUCSON, Ariz. (BRAIN) — As the supplier community gathers in Tucson this week for the Bicycle Leadership Conference, two independent retailers are adding to the attendance of about 275.

NEW YORK (BRAIN) — New York-based retailer Rubber N' Road has opened a new pop-up store in Palma de Mallorca, Spain, for the second year. 

The store will be open from March 15 through May 15 and plans to host rides and events as well as showcasing the store's latest products. 

PITTSBURGH (BRAIN) — Dick's Sporting Goods' fourth-quarter sales were the largest in its history while its full-year net sales increased 5% over 2022.

Tagged Earnings/Financial Reports
New York City retailer Shane Hall

MEADOWLANDS, N.J. (BRAIN) — We asked retailers and suppliers at the CABDA East show this week about the right-sizing program that Trek is enacting, and what it will mean to the rest of the industry.

Tagged CABDA
Eugene Kiefel

WHEAT RIDGE, Colo. (BRAIN) — Noted long-time retailer Eugene Kiefel died at home on Feb. 4 at age 92.

Pages

Subscribe to RSS - Retail News