News

RICHMOND, Victoria, Australia — Knog has enlisted Channel IQ’s services to “regain some control over the integrity of pricing” online, the Australian light and lock brand said in a release.

ELLICOTT CITY, Md. (BRAIN) — After learning that the strip mall where Race Pace Ellicott City was housed for 30 years would be torn down, owner Alex Obriecht began looking for a new building to rent. Buying property wasn’t something he had initially considered, but commercial rentals were expensive and difficult to find. So in December 2012, Obriecht purchased a 7,000-square-foot warehouse that had previously been used to store excavating equipment. He hired an architect and the building was gutted and remodeled inside and out. An additional 4,800 square feet of space was also added to the building. The process took more than 21 months — nearly a year longer than Obriecht had anticipated.

SAN FRANCISCO — Strava, an app popular with the cycling community, has raised $18.5 million in new money to pay for future growth and expansion, reports Re/Code Daily, a website that covers the digital technology market.

LOUISVILLE, Ky. (BRAIN) — For its 2015 edition in March, the North American Handmade Bicycle Show will introduce a new category, the Artisan Award, and a cyclocross race pitting framebuilders against one another.

One of the most important metrics for bike shop success is store traffic. Living and breathing visitors are a necessary part of the retail business model for brick-and-mortar stores. Without them, retailers would be left trying to sell bikes to air, and that is very hard to do. Getting people into the store is becoming a greater challenge, though. New research shows that consumer traffic at bike shops is declining across the board. While this is distressing news at first glance, there are also clear opportunities to reverse the trend.