Retail News

DUBAI, United Arab Emirates (BRAIN) — A newly opened bike shop is now the UAE's exclusive Cannondale distributor.

The Cyclery in Dubai was opened by the Emsons Group, a family-owned business with roots in the UAE for more than 100 years.

WILMINGTON, Del. (BRAIN) — A bankruptcy court is auctioning the remaining assets of CleverTraining, an e-commerce site that once offered cycling, triathlon and other endurance sports gear. Also being auctioned are the assets of Olympia Sports, the former Northeast sporting goods retailer. 

Joe Elam.

BOULDER, Colo. (BRAIN) — For our December magazine edition, we asked our State of Retail panel members: What plans and predictions do you have for your business in 2023?

Tagged State of Retail / From the Magazine
Angela Wright in the Park City store.

PARK CITY, Utah (BRAIN) — Bingham Cyclery, a 60-year-old Salt Lake City retail mainstay, is opening a location in Park City to serve a growing e-bike market.

It's Bingham's fifth location and its first in Summit County. It will stock e-bikes exclusively.

Tagged Electric bike
Photo credit — Carroll Fire News

WESTMINSTER, Md. (BRAIN) — White's Bicycles owner Bradley White was killed when his shop caught fire early Monday morning. He was 55.

Photo from Steven Pringle's GoFundMe page.

KINGSFORD, Mich. (BRAIN) — Steven Pringle, the owner and operator of Build a Bicycle and Bicycle Therapy in Michigan's Upper Peninsula, died Nov. 23 in an auto accident in Florida. Pringle was driving to deliver free bikes to kids who were displaced by Hurricane Ian.

GREENVILLE, S.C. (BRAIN) — E-commerce retailer Glory Cycles is in the process of closing but many customers are still waiting for products or refunds, including a New York retailer who says he never received a fork he ordered to complete a custom bike build.

Pedego Electric Bikes Fort Myers donates e-bike to the police department nearly a week after it is given a temporary home.
Pedego Electric Bikes Fort Myers gave the police a $2,400 Element e-bike.

FORT MYERS, Fla. (BRAIN) — Despite the hardships of losing her store to Hurricane Ian in October, Lisa Badolato said it was time to thank the Fort Myers Police Department.

Tagged Electric bike

SANTA FE, N.M. (BRAIN) — The annual bicycle-inspired food drive Cranksgiving will be in full swing this weekend with 43 events scheduled across the U.S.

Elevation Cycles' Highlands Ranch location, soon to become a Mike's Bikes.

NOVATO, Calif. (BRAIN) — Mike's Bikes, which is Pon.Bike's North American retail wing, will give its name to the four Denver-area Elevation Cycles locations it bought in May.

Larry Loiselle

LIVONIA, Mich. (BRAIN) — Lawrence "Larry" Loiselle died Oct. 12 at age 74. Loiselle grew up in the family business, Jerry's Bicycles, and later owned and operated Livonia Schwinn Bicycle and Fitness Center. He was president of the National Bicycle Dealers Association for several years.

Olsen and Pearson. Photo by Jay Hemphill.

SILVER CITY, N.M. (BRAIN) — The cycling and business community in this small city in southwestern New Mexico have been devasted by the deaths of the husband and wife who owned and ran the Gila Bike & Hike, a long-standing local bike shop.

The Fetzer family retiring after 42 years of ownership.

JACKSONVILLE, Fla. (BRAIN) — Trek Bicycle Company has purchased longtime shop LakeShore Bicycles. LakeShore Bicycles owner Charlie Fetzer made the announcement on his Facebook page Thursday.

Tagged Mergers, Acquisitions & Investments
Fort Myers Beach following Hurricane Ian. Getty photo.

FORT MYERS, Fla. (BRAIN) — Hurricane Ian left at least one bike shop "utterly destroyed"— the Fort Myers Pedego store. It's likely that many more stores and the homes of their owners and employees were damaged or destroyed. Retailers who have been able to re-open are trying to quickly rescue customers' bikes that were submerged. And they are contemplating how their market will be affected as the area rebuilds.

Tagged Electric bike

NEW YORK (BRAIN) — More than 100 Dick's Sporting Goods stores will soon sell Peloton stationary bikes, treadmills and accessories starting this holiday season. It will be Peloton's first distribution agreement with a brick-and-mortar retailers. Dick's will also sell the products on its website.

As consumer demand tapered off (how could it not?) and pandemic back-orders came trickling (or flooding) onto shop floors, some discounting became inevitable.

Tagged From the Magazine
Lamar Timmins in his store.

Allo Vélo’s 9,000-follower account became a crypto mining platform after Lamar Timmins fell victim to a common and sometimes irreversible Instagram hack.

Splitrock Tap & Wheel benefited from opening in April 2020.

BOULDER, Colo. (BRAIN) — After nearly 50% sales increase industry-wide from 2019 levels in 2020 and 2021, most retailers were sitting on more cash than ever before. With no inventory available for replenishment, that cash was invested in creative ways. And as we review windfalls, we must keep in mind the corresponding human costs involved.

Tagged From the Magazine

PONTIAC, Mich. (BRAIN) — Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle. 

Tagged Mergers, Acquisitions & Investments

BLACKSBURG, Va. (BRAIN) — East Coasters Bike Shops co-owner Wesley Best was unusually busy Tuesday, but it had little to do with running the two stores that he and Chris Betz have operated since 2005.

Tagged Mergers, Acquisitions & Investments

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