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STAVANGER, Norway (BRAIN) — Norwegian urban mobility brand Podbike filed for bankruptcy Friday, citing financial hurdles including increasing production costs, supply chain disruptions, and a stagnant global economy.
DURANGO, Colo. (BRAIN) — Abra-Cadabra Fabrication, parent of the Sanitas Cycles brand, has acquired the Waterford and Gunnar brands from Richard Schwinn. The company will resume production of those brands this year at its facility in Durango.
TAIPEI, Taiwan (BRAIN) — Ideal Bike and Merida Industries, two Taiwan-based bike manufacturers, have filed their first-quarter earnings reports with the Taipei stock exchange.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue in the first quarter increased 45% year-over-year driven by a 101% rise in helmet revenue during the period.
TAICHUNG, Taiwan (BRAIN) — Giant Group says a “significant rebound in OEM orders” fueled a 4.9% increase in group revenues in the first quarter compared to the same quarter last year.
BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What resources do you invest in social media? What are your expectations for performance and how do you measure effectiveness?
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the first quarter declined 14% year-over-year despite the company reducing operating expenses during the period.
One thing is certain: In the emerging market reality, "Business As Usual" definitely won't be.
MONTREAL (BRAIN) — Four Quebec-based entrepreneurs have acquired the Rocky Mountain bike brand assets, following the brand's court-supervised re-organization that began last year.
DULUTH, Ga. (BRAIN) — Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Company-wide the growth exceeded estimates.
WASHINGTON (BRAIN) — President Donald Trump is attempting to fire the three Democratic Consumer Product Safety Commissioners after they objected to staff firings at the agency.
SEATTLE (BRAIN) — REI Co-op net sales for 2024 declined 6.2% year-over-year with new CEO Mary Beth Laughton acknowledging a challenging marketplace "and yet I remain hopeful."
(BRAIN) — Halfway into the Trump administration's 90-day grace period, U.S. retailers and suppliers are grappling with how to account for their increased import costs.
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New Product
OFFENBACH, Germany (BRAIN) — CargoMate, a front rack with a quick, tool-free mount system, will launch at next month's Eurobike show in Frankfurt and has been nominated for a Eurobike Award.
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