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SEATTLE (BRAIN) — Rad Power Bikes told Washington state officials on Friday that it would layoff 64 employees in the state in January.
Geekwire is reporting that a company letter to employees suggests the company could close if additional funding is not found.
Authenticity in the cycling industry is all around us. Just not where we've been looking.
(BRAIN) — After 20 years as president of marketing and software company SmartEtailing, later rebranded as Workstand in 2023, Ryan Atkinson resigned in late October.
TAICHUNG, Taiwan (BRAIN) — Giant Group’s net revenue through the first three quarters of its fiscal year was down 16.9% from last year, to NT$47.96 billion ($1.55 billion). The manufacturer said its gross margin for the period was 19.8% and net profit before tax was NT$1.43 billion.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue dipped 37% year-over-year as the action camera brand experienced declines in retail (41%) and its online revenue (22%) channels.
SALT LAKE CITY (BRAIN) — Clarus Corp., which owns the Black Diamond outdoor brand and the Rhino-Rack and Rocky Mounts rack brands, announced third-quarter sales of $69.3 million, up 3% from the same quarter last year.
DULUTH, Ga. (BRAIN) — Fox Factory reports its net sales were up 4.8% in the third quarter, largely thanks to the company's powered-vehicle businesses. Its Speciality Sports Group (SSG), which includes its bicycle-related businesses and its ball-sports brands, had an 11.2% decrease in revenues in the quarter.
(BRAIN) — GOREWEAR, the cycling and running apparel division of W. L. Gore & Associates, will leave the market next year, a source familiar with the company’s decision confirmed to BRAIN on Thursday.
WASHINGTON (BRAIN) — Peloton is recalling about 833,000 of its Original Series Bike+ exercise models because the seatpost assembly can break.
There have been three reports of the seatpost breaking and detaching and two reports of injuries because of falling.
WASHINGTON (BRAIN) — Lezyne USA is recalling about 7,500 Pressure Over Drive and Digital Pressure Over Drive tubeless floor pumps because the canister can forcefully eject from the base when pressurized, posing a risk of injury.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue increased 18% year-over-year as all of its head-to-toe protective gear categories — mountain bike, moto, and off-road adventure riding — grew by double digits during the period.
(BRAIN) — SRAM has expanded distribution and servicing of its brands in Eastern Europe through Aspire Sports.
(BRAIN) — YT Industries USA announced it will close after failing to reach an agreement with YT Industries Germany.
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ASHEVILLE, N.C. (BRAIN) — Cane Creek has added 1x chainrings to its lineup of products, offering the ability to use most modern drivetrains with the brand's eeWings titanium crankset.
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