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After years of bicycle oversupply, the industry may have to grapple with the alternative.
WEST PALM BEACH, Fla. (BRAIN) — A Florida woman refiled a lawsuit Wednesday in U.S. District Court against Walmart after the front wheel detached from the e-bike she purchased there last year and injured her son.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting its third-quarter revenues were up 6.2% over the same quarter last year, while operating profit in the quarter rose 29%. Through the first three quarters of the year Giant's revenue is down 5.1%, although operating profit for the nine months was up 4.7%.
SANTA FE, N.M. (BRAIN) — The 27th Cranksgiving food drive has about 100 cities participating this year so far, with another 20 possibly joining by the end of the month. In addition, about a third of the rides are organized by bike shops, said Bill Lane, marketing director of BTI, the event's organizing sponsor.
Updated with comments from Linus' co-owners.
VENICE, Calif. (BRAIN) — Commuter bike brand Linus emailed retailers this week of its plans to close by late December. Founded here in 2007, Linus manufactures urban/city bikes, e-bikes, and kids' bikes.
When asked if there's light at the end of the tunnel, Mark Lynskey said, "It may be a pin flashlight at the end of the tunnel right now, but it is a light. There's a lot to be done."
Speaking for the first time publicly in September since the company filed for bankruptcy on April 30, Mark Lynskey detailed a series of personal tragedies that in part led to the financial downfall.
Updates with other groups appearing at the public hearing.
BETHESDA, Md. (BRAIN) — At a Consumer Product Safety Commission hearing last month, PeopleForBikes recommended ways to separate low-speed e-bikes and high-speed e-motos that have created public confusion and a law in New Jersey that affected retailers there.
DULUTH, Ga. (BRAIN) — Following the sale of its Marucci business and the resignation of longtime CEO Mike Dennison, Fox Factory reported its sales were down 3.7% through the first three fiscal quarters of the year and 10.1% in the third quarter.
LOS ANGELES (BRAIN) — Hollywood Racks has acquired OttoLock. The acquisition adds a security line to Hollywood Racks' carrying and accessories lineup.
WASHINGTON (BRAIN) — Sanven Technology is recalling about 1,950 of its Vevor BMX bikes because they lack a chainguard and don't comply with labeling requirements, violating mandatory safety regulations.
No incidents nor injuries have been reported.
BERGAMO, Italy (BRAIN) — Bianchi on Thursday said it is continuing to operate and support its dealers and consumers while refocusing on its core strengths of racing, gravel and performance bikes. It said its first products resulting from the re-focus will be introduced early next year.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask’s parent company, Helen of Troy, announced Wednesday that its board had unanimously rejected Empower Brands Holdings Group's unsolicited purchase offer
NEW YORK (BRAIN) — Direct-to-consumer brand Priority Bicycles started a retailer program that has 47 shops already with more in the approval process.
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(BRAIN) — Park Tool's new FSK-1, Fork Seal Kit, is a complete kit for fast, easy, and safe removal and installation of suspension fork dust wipers.
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