Industry News
OSAKA, Japan (BRAIN) — Sales in Shimano’s bicycle-product division hit another record in 2022, reaching 517.4 million yen ($3.885 billion) up 16.6% from the year prior.
STOCKHOLM (BRAIN) — Thule Group fourth-quarter net sales declined 10.6% year-over-year with CEO Magnus Welander blaming reduced bike product demand from retailers who lowered inventory after large preseason orders.
BOULDER, Colo. (BRAIN) — Two trade organizations and some well-known experts find themselves in opposition as the industry reacts to well-publicized fires, deaths, and injuries involving e-bikes and e-mobility devices.
BEVERLY, Mass. (BRAIN) — Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January.
STOCKHOLM (BRAIN) — A 50% drop in bike helmet sales in the fourth quarter led to MIPS' net sales decreasing 46% year-over-year. For the year, the helmet technology company experienced a 7% drop in net sales.
TAICHUNG CITY, Taiwan (BRAIN) — SRAM will open a new 100,000-square-meter facility next year, continuing more than three decades of manufacturing here.
PALO ALTO, Calif. — In addition to giving more kids access to bikes and places to ride, the nonprofit Outride organization also studies cycling’s cognitive and physical benefits.
LONDON (CYCLINGTIPS) — Iconic bike café and workshop Look Mum No Hands! has closed for good.
FRANKFURT (BRAIN) — The Eurobike expo area has been expanded to accommodate an increased number of exhibitors for the second edition of the global trade show here on June 21-25.
SAN MATEO, Calif. (BRAIN) — GoPro reported fourth-quarter revenue decreased 18% year-over-year and for the year it dropped 6%.
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is now maintaining an e-bike database that includes supplier-provided information on certifications and insurance policies for bikes available in the U.S.
SEATTLE (BRAIN) — REI Co-op laid off about 8% of its headquarters' workforce at the end of January, impacting 167 leaders and employees as it faces increasing economic uncertainty.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. said its sales were down $40 million, to $755 million, in its third quarter, compared to the same period last year.
ANOKA, Minn. (BRAIN) — On the same day the company released its third-quarter earnings report, Vista Outdoor announced it appointed an interim CEO after its board asked Chris Metz to step down from the position.
LOS ANGELES (BRAIN) — Specialized Bicycle Components has shut down women's clothing brand Machines For Freedom, which it purchased from founder Jennifer Kriske five years ago.
(BRAIN) — Agustin Gonzalez, a former regional supervisor for bike delivery service Kitzuma, has opened his own delivery service to serve the West Coast and parts of the Southwest.
(BRAIN) — PIERER Mobility AG reported record revenues in its fiscal 2022, with sales of 2.437 billion euros ($2.65 billion), 19% higher than the year before. By unit, Pierer's sales of bikes and e-bikes were up 15% last year to 118,000 while sales of motorcycles were up 13%, to 376,000.
TAIPEI, Taiwan (BRAIN) — Giant Group has agreed to make a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.
SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.
SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.
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