News

Posted October 30, 2023
Wil Matthews photo of the 2022 Unbound Gravel, courtesy of Life Time.

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs.

Posted October 27, 2023

CHICAGO (BRAIN) — PedalCell, a manufacturer of weather-proof generators for electronics charging, announced it will cease operations on Jan. 1.

Posted October 27, 2023

STOCKHOLM (BRAIN) — Thule Group third-quarter net sales increased 8% year-over-year with bike-related product demand in the European market boosting the surge.

Posted October 26, 2023
Pashley Cycles' Chairman Adrian Williams.

STRATFORD-UPON-AVON, United Kingdom (BRAIN) — Pashley Cycles will invest in the sustainable transportation market by starting a crowdfunding campaign to help support product development in e-cargo delivery bikes, electric assist leisure bikes, and bike-share products.

Posted October 26, 2023

STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.

Posted October 25, 2023
Julie Gabay.

BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: What’s your experience with, and assessment of, click-and-collect programs?

Posted October 25, 2023
New bill would call for e-bike, e-scooter businesses to be licensed.

NEW YORK (BRAIN) — The City Council met with the city's Committee on Consumer Worker Protection on Monday to discuss a bill that would require third-party delivery app companies like DoorDash to provide workers access to certified e-bikes and batteries and another that would require workers taking an e-bike safety c

Posted October 24, 2023
Crankset inspection program cost the company $114 million in Q3.

TOKYO (BRAIN) — Shimano is reporting that sales in bike-related products were down 24.8% in the first three quarters of its fiscal year, compared to the same period last year. The company's operating income in its bike business was down 48.8% over the same period. 

Posted October 23, 2023

FORT MILL, S.C. (BRAIN) — Continental Tire has named Quality Bicycle Products its "Preferred Distributor in the US and Canada," and the German tire company said QBP, which has been selling Continental products for more than a decade, will begin carrying a wider selection this fall.

Posted October 20, 2023

PARK CITY, Utah (BRAIN) — Signa Sports United has closed its U.S. offices, which included operations for the Vitus and Nukeproof bike brands and the Hotlines wholesale distribution business, all based in Park City. 

Posted October 20, 2023
Company adds Orange County, California, event in April.

PARK CITY, Utah (BRAIN) — Lost Paddle Events will produce two e-bike events next year: a second edition of its (e)revolution Denver show in late May preceded by a new outdoor trade/consumer show in Orange County, California, in April.

Posted October 20, 2023

COSTA MESA, Calif. (BRAIN) — Selle Royal Group is now the sole owner of distributor Highway 2; the Italy-based group previously owned 50% of Highway 2 in partnership with Continental Tire.

Posted October 17, 2023
Moderator Erika Jones with CPSC Commissioner Mary T. Boyle.

BENTONVILLE, Ark. (BRAIN) — The Consumer Product Safety Commission will consider regulating micromobility devices, including e-bikes, but don't expect anything final to come before 2025.

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