News

Posted August 14, 2023

It's the middle of summer and inventories are still up while sales are still down. So what do we do now?

Posted August 10, 2023
Name for the Outdoor Products business will be announced in "the coming weeks."

LEWISTON, Idaho (BRAIN) — After Vista Outdoor splits into two companies later this year, the ammunition and shooting sports business will be called The Kinetic Group.

Posted August 10, 2023

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's second-quarter revenue decreased 31% year-over-year despite mountain bike and moto helmet sales increasing 48% compared with the same time last year.

Posted August 9, 2023

TAIPEI (BRAIN) — In the U.S., the concept of Environmental, Social and Governance reports has set off an economic/cultural/political "debate," as so many things do. But in Taiwan, ESG reports offer some useful data.

Posted August 8, 2023
First-half imports of adult bikes were down steeply in units and also in dollar volume.

WASHINGTON (BRAIN) — Bike imports were down steeply in the first half of the year compared to the year prior, even as the average import value of bikes increased significantly.

Posted August 7, 2023

TAIPEI, Taiwan (BRAIN) — Giant Group said the China market's interest in performance cycling drove a 70% sales increase in the half there. However, sales for Giant-branded products in Europe were down 12% in the half, and in the U.S., they were down 44%, the company reported.

Posted August 7, 2023

(BRAIN) — Citing the "ongoing economic challenges" within the bike industry," The World Federation of the Sporting Goods Industry has postponed its World Cycling Forum 2023 to a later date. The Forum was scheduled for next month at the IAA Mobility conference in Munich, Germany.

Posted August 4, 2023

OLATHE, Kan. (BRAIN) — Led by the Fitness segment's double-digit revenue growth, Garmin Ltd. second-quarter revenue increased 6% year-over-year.

Posted August 3, 2023

(BRAIN) — Sales in Fox Factory's Speciality Sports Group, comprised of its bicycle-related brands Fox, Marzocchi, RaceFace and Easton, were down 41% in the company's second quarter. The company said the decrease was "driven by higher levels of inventory across various channels."

Posted August 3, 2023

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue declined 3.9% year-over-year despitethe company's return to pre-pandemic pricing in the second quarter and retail-channel revenue growth of 6%.

Posted August 3, 2023

BETHESDA, Maryland (BRAIN) — Mike Fritz left last week's Consumer Product Safety Commission public hearing on lithium-ion battery safety confident he and other industry representatives convinced the agency mandatory regulations are needed.

Posted August 1, 2023

NEW YORK (BRAIN) — E-mobility rental and sales company micromobility.com submitted a non-binding bid to acquire e-bike brand VanMoof, which was declared bankrupt by the court of Amsterdam on July 17.

Posted July 28, 2023

VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter.

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