Retail News

VANCOUVER, British Columbia (BRAIN) — Mobile bike shop Velofix is expanding to 41 locations with the addition of franchises in Canada and across the U.S.

SEATTLE (BRAIN) — REI posted record revenues last year. The outdoor specialty retailer reported $2.4 billion in annual revenues in 2015, a 9.31 percent increase from $2.2 billion in 2014.

Tagged Earnings/Financial Reports
G&O Family Cyclery is the building on the right.

SEATTLE (BRAIN) — G&O Family Cyclery, a three-year-old retailer that specializes in cargo and family transportation bikes, was damaged by an early morning blast Wednesday that destroyed three adjacent businesses in Seattle's Greenwood neighborhood.

UPDATE: Retailer also joins Outdoor Industries Women's Coalition.

CHAPEL HILL, N.C. (BRAIN) — Performance Bicycle is expanding to South Carolina with the opening of its first store in the state at the Gallery Shopping Center in Greenville. Set to open in late spring or early summer, the new location will increase Performance's national network to 106 stores.

Tagged Advocacy/Non-profits
Retailer points to online shopping and changing consumer buying patterns for restructuring.

ENGLEWOOD, Colo. (BRAIN) — National sporting goods retailer Sports Authority has filed to restructure under Chapter 11. The move has been several months in the making, and reports of the company’s pending bankruptcy had come out in recent days.

UPDATED with Cannondale statement.

LONGMONT, Colo. (BRAIN) — Cannondale told its U.S. dealers Friday that it would launch a bike discount promotion in March and April, similar to that announced by Specialized, Trek and Giant recently.

Giant and Trek say Specialized's high inventory is driving the discounts, but Specialized says it's business as usual.
Specialized's sale goes live on Tuesday.

LONGMONT, Colo. (BRAIN) — Three of the largest U.S. bike brands are offering deep discounts on bikes next month, possibly a response to high supplier inventory levels coming out of the winter, although all three brands say their inventory levels are just fine.

As independent businesses fight for their place against chain stores and Internet giants, there may be some significant push-back against the big guys.

Judge also rejects request to lower $3 million award to Florida retailer.

TAMPA, Fla (BRAIN) — A federal court judge, in a stinging review of an ongoing case involving Giant Bicycles and Florida retailer Frances Kane, has denied appeals by Giant's attorneys to overturn a jury's verdict.

MEMPHIS, Tenn. (BRAIN) — 3T Cycling is naming Memphis' Victory Bicycle Studio its first Customer Service and Repair Center for 3T wheels.

Ozone Bike Dept. closed after 23 years in business.

AUSTIN, Texas (BRAIN) — In a space of one month, three Austin retailers will close their doors.

Weather woes, low oil prices, high real estate costs and market saturation are among factors that have put the squeeze on the city’s retail landscape.

KENNEWICK, Wash. (BRAIN) — When self-proclaimed recovering workaholic Heather Henderson left her job at Cervélo last year, she traveled the long way to her hometown in southeast Washington state.

MOORPARK, Calif. (BRAIN) — Christopher Rubin’s interest in bikes started when Speedplay founder Richard Bryne moved into his childhood San Diego neighborhood.

“When Richard moved next door, he got all of us kids interested in cycling,” Rubin said. “I was the only one who stayed with it.”

LONDON (BRAIN) — U.K. e-commerce businesses Wiggle and Chain Reaction Cycle confirmed Friday that they will merge, pending regulatory approvals. The combined businesses will have annual revenues of more than 300 million pounds ($434 million).

Tagged Mergers & Acquisitions

COSTA MESA, Calif. (BRAIN) — The National Bicycle Dealers Association is proposing that dealers, distributors and manufacturers get together to form a "Twenty Group" — a group that meets regularly to share information and best practices with the goal of improving each member's business and raise the bar for the enti

COSTA MESA, Calif. (BRAIN) — Retailers can apply online now to be included in the National Bicycle Dealers Association America's Best Bike Shops 2016 awards. Applications are being accepted through March 31.

WOODS CROSS, Utah (BRAIN) — Online seller Bikewagon of North Salt Lake, Utah, has been acquired by winter sports retailer L9 Sports. 

LAGUNA HILLS, Calif. (BRAIN) — Pricey niche bikes — everything from plus-sized mountain bikes to gravel road bikes — helped power increases in dollars and units at bike shops last year, according to stats from the Bicycle Product Suppliers Association.

PHOENIX (BRAIN) — Randy and Sally Pittaluga, owners of six shops in the Phoenix market, have rebranded their Bikes Direct store in Mesa as BikeMasters Mesa. The Pittalugas have also opened a second BikeMasters location in Mesa in the former DNA Cycles store site on North Power Road.

LONGMONT, Colo. (BRAIN) — The planning phase of Bicycle Retailer's second Retail Remodel Project is well underway at Bike-n-Hike in Longmont.

Tagged BRAIN News

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