News

Posted December 5, 2023

KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.

Posted December 5, 2023

SEATTLE (BRAIN) — REI Co-op will close its Santa Monica, California, store in February because of the operation's rising costs.

The downtown location is 32,000 square feet and closes officially on Feb. 29.

Posted December 1, 2023

WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.

Posted December 1, 2023

Posted November 28, 2023

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association has elected Clark Butcher, from Victory Bicycle Studio in Memphis, and Greg McDonald, from Ridleys in Calgary, to its Board of Directors.

Posted November 28, 2023

ALBANY, N.Y. (BRAIN) — State Sen. Iwen Chu recently introduced four bills to address the growing threat of lithium-ion battery fires that have plagued New York City, including one that would require all e-bike and e-scooter shops in the state to have fire suppression measures in place.

Posted November 27, 2023

(BRAIN) — Park Tool has opened the application window for its 2024 Community Tool Grant program; applications will be accepted until Dec. 31.

Now in its ninth year, the program has so far donated over $120,000 worth of tools to deserving organizations throughout the world.

Posted November 27, 2023

MINNEAPOLIS (BRAIN) — United Sports Brands, which acquired Pearl Izumi from Shimano in May last year, has been acquired by Norwest Equity Partners. NEP is a previous owner of Shock Doctor, the athletic brand that evolved into USB.

Posted November 27, 2023
Podcst host Diane Jenks is featuring retailers who have a holiday "kindness" story to tell.

(BRAIN) — John Robinson, the owner of Johnny Velo Bikes in Columbus, Ohio, is featured in the newest episode of the Outspoken Cyclist podcast.

Podcast host Diane Jenks said she is featuring retailers who are making a difference in their local communities during the holiday season.

Posted November 27, 2023
Managing partner of group that acquired 3T last year will step in as CEO.
René Wiertz

BERGAMO, Italy (BRAIN) — René Wiertz, who has been with 3T for 16 years and helped transition it from parts supplier to a gravel bike brand with production in Italy, is stepping down.

Posted November 23, 2023
Yoon Kim.

Kim is well known in the outdoor industry, he's also making a mark in the bicycle industry.

Posted November 22, 2023
New owner promises US assembly and service.

DEERFIELD BEACH, Fla. (BRAIN) — The Serial 1 e-bike brand, which was founded by Harley-Davidson, has been sold to LEV Manufacturing, Inc., formerly known as Life Electric Vehicles, Inc.

Posted November 22, 2023

BOULDER, Colo. (BRAIN) — For some retailers like Russ Chandler, the upcoming Small Business Saturday is a big deal following a trying year in the industry.

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