News
PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.
BRUSSELS (BRAIN) — Belgium e-bike brand Cowboy announced plans Monday to start a European bike shop network to increase its retail and service presence and complement online sales channels. Its goal is to have 300 new retailers in 60 European cities by the end of the year.
WASHINGTON (BRAIN) — Cycle Force is recalling its Ventura Adult Bike Helmets because they don't comply with the Consumer Product Safety Commission's federal standards and can fail to protect during a crash.
FORT WORTH, Texas (BRAIN) — Tucker Powersports is now the exclusive distributor of Rambo Electric Bikes, a brand appealing to hunters and outdoor enthusiasts.
WASHINGTON (BRAIN) — Longtime retailer Charlie McCormick, the founder and CEO of City Bikes in D.C., died of natural causes on May 11 while camping in a remote spot overlooking the Potomac River in Poolesville, Maryland.
He was 60.
EMPORIA, Kan. (VELONEWS) — Gravel scene regulars Yuri Hauswald and Bobby Wintle joined Tim and Kristi Mohn in ownership of Merchant Cycles, a shop formerly known as Gravel City Adventure & Supply Co.
WASHINGTON (BRAIN) — Shimano North America Holdings Inc. is working with the Consumer Product Safety Commission to recall some PRO Vibe Alloy Stems after discovering that corrosion can lead to cracks forming in the clamping area of the fork steerer tube.
LONDON (BRAIN) — Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.
ATLANTA (BRAIN) — Wahoo Fitness says it has eliminated all its debt with a recapatilization from new and current investors.
TAIPEI (BRAIN) — Taiwanese bike makers Giant Group, Ideal Bike Corporation and Merida Industry Co., LTD each released their first-quarter earnings reports this month.
BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What kind of benefits and perks — if any — are offered at your shop? Which benefits are the most meaningful for recruiting and retaining staff?
TAIPEI, Taiwan (BRAIN) — Giant Group has ended plans to invest about $20 million to take about a third share in Stages Cycling because the companies were unable to reach definitive agreements on the deal, according to documents Giant has filed with the Taipei stock exchange.
Between record high inventory levels and record low sales, spring can't get here soon enough. So where the heck is it?
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