BRAIN Staff
All articles by BRAIN Staff
March 7, 2023
ASPEN, Colo. (BRAIN) — Vail Resorts is closing 19 retail locations in the Colorado mountains. Most of the locations offered winter sports sales and rentals, but several of them also offered bike sales and rentals. The closures will cost 69 workers their jobs.
Posted in Retail News
March 7, 2023
LONG BEACH, Calif. (BRAIN) — Virtual cycling brand Zwift is letting go 15% of its staff in its latest round of layoffs. The company also cut workers last May and November.
Posted in Industry News
March 7, 2023
NEWARK, N.J. (BRAIN) — A sentencing hearing has been rescheduled for Samuel J. Mancini, who pleaded guilty last year to securities fraud related to a fund with plans to buy several Italian cycling brands.
Posted in Industry News
February 17, 2023
TOYKO (BRAIN) — Shimano is forecasting a company-wide 20.5% drop in net sales for its fiscal 2023, citing global economic conditions and supply chain disruptions. It's forecasting bike division sales will be down 23%.
Posted in Industry News
February 17, 2023
Former members of the professional mechanics' group provided an update.
Posted in Opinion/Analysis
February 14, 2023
OSAKA, Japan (BRAIN) — Sales in Shimano’s bicycle-product division hit another record in 2022, reaching 517.4 million yen ($3.885 billion) up 16.6% from the year prior.
Posted in Industry News
February 9, 2023
BEVERLY, Mass. (BRAIN) — Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January.
Posted in Industry News
February 2, 2023
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. said its sales were down $40 million, to $755 million, in its third quarter, compared to the same period last year.
Posted in Industry News
January 20, 2023
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has made its second round of layoffs in the past three months on Thursday, the result of continued economic headwinds facing the cycling industry.
Posted in Retail News
January 12, 2023
LYONS, Colo. (BRAIN) — Reeb Cycles said it has seen sales grow 65% since it launched its steel SST trail bike in September. The privately held company did not release other sales figures.
Posted in Industry News
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