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Decline was steeper in Fox's bike-related businesses.

(BRAIN) — Fox Factory revenues in its Speciality Sports Group, which includes its bike-related brands, were down 43% in the company’s 2023 fiscal year, a decline the company attributed to “channel inventory recalibration” and “lower end consumer demand.”

Charlie Cunningham

MARIN, Calif. (BRAIN) — Mountain Bike Hall of Famers Charlie Cunningham and Jacquie Phelan are selling Cunningham’s customized and refurbished Phil Wood & Co. spoke threading machine to support his ongoing care following a bike accident almost nine years ago.

PHILADELPHIA (BRAIN) — A settlement was reached Friday in State Farm Insurance Company's civil action lawsuit against Rad Power Bikes on behalf of an insured homeowner client who suffered property damage after his e-bike caught fire.

Led by Fitness products, Q4 revenue increases 13% year-over-year.

OLATHE, Kan. (BRAIN) — Garmin Ltd. posted record revenue for 2023, while fourth-quarter revenue increased 13% year-over-year boosted by the Fitness segment.

GT Managing Director Jason Schiers.

ALISO VIEJO, Calif. (BRAIN) — GT Bicycles is amid a transformation back to its IBD and off-road roots, the company says, and longtime industry pro Jason Schiers has had a lot to say about it.

UTRECHT, Netherlands (BRAIN) — The Dutch Food and Consumer Product Safety Authority told the Accell Group cargo brand Babboe to stop selling its bikes for not investigating a series of reported broken frames as required by law.

NEWARK, N.J. (BRAIN) — Samuel Mancini, who pleaded guilty nearly two years ago to securities fraud in connection to a failed plan to buy up several legacy Italian cycling brands, is now asking the court to schedule his sentencing hearing.

WASHINGTON (BRAIN) — A public comment period ends next Wednesday, Feb. 21, for industry members and others who want to tell the U.S. Trade Representative's Office how they feel about extending an exclusion from a 25% tariff on Chinese-made bicycle products.

WASHINGTON (BRAIN) — Bell Sports is recalling its Soquel youth helmets because the strap anchor can dislodge and fail to protect during a crash, violating the Consumer Product Safety Commission's federal helmet regulation.

Mavic's motor.

After a tumultuous few years, iconic French brand Mavic is looking to regain its footing. And Mavic’s comeback includes a foray into technology based not around wheels, but a bottom-bracket based e-bike motor.

Tim Rutledge at the Sea Otter Classic. Photo courtesy of Gork Barrette.

KENT, Wash. (BRAIN) — Tim Rutledge, a longtime industry product manager and legendary cyclocross and road racer, died Monday after a battle with cancer. Friends and family confirmed his passing to BRAIN on Tuesday. He was 65. 

Jacob English.

BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: What are you doing to ensure the success of your business over the next five-plus years?

Company says North American bicycle interest remains ‘firm.’

TOKYO (BRAIN) — Shimano announced full-year 2023 sales in its bicycle division of 364,679 million yen ($2.42 billion) on Tuesday, a 29.5% decrease from the year before. Operating income in the division was down 55%, to 65,251 million yen. 

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New Product

(BRAIN) — Tern is entered a new category for its Orox e-cargo bike, which is designed to navigate off-road terrain while hauling passengers, adventure gear or professional gear.