Coronavirus

Posted November 13, 2020

MONTEREY, Calif. (BRAIN) — The Sea Otter Classic plans to hold its event about a month later than usual next year, announcing 2021 dates of May 20-23.

Posted October 29, 2020

PARK CITY, Utah (BRAIN) — The Big Gear Show, a bike and outdoor trade show scheduled to debut this year, will take place Aug. 3-5, 2021, and be endorsed by the National Bicycle Dealers Association.

Posted October 27, 2020
Operating income in the division was up 5%
Shimano celebrates its 100th anniversary next year.

OSAKA, Japan (BRAIN) — Shimano Inc. sales in its bicycle segment were down in the first nine months of 2020, but the company has revised up its full-year earnings and revenue projections due to greater use of bicycles globally during the COVID-19 pandemic. 

Posted October 16, 2020

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike trade show which had planned a down-sized event for Thanksgiving week this year, announced early Friday that the event will be canceled due to a coronavirus outbreak in the region.

Posted September 11, 2020

BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: "How has the pandemic affected your business expenses?"

Posted August 5, 2020
As retail sales increased by double or triple digits, bike imports were up just 3% through June.
Monthly bike imports.

BOULDER, Colo. (BRAIN) — Bike imports are up significantly in recent months, according to U.S. Department of Commerce figures released Wednesday. But importers are still struggling to make up for reduced shipments earlier in the year combined with unprecedented demand from retailers and consumers.

Posted August 3, 2020

WASHINGTON, D.C. (BRAIN) — Many importers of Chinese bike products will see costs increase by 25% as tariff exclusions are expected to expire August 7.

Posted July 22, 2020
E-bike sales will extend the 2020 bike boom, the industry says.
Photo courtesy of Shimano Steps.

SANTA CRUZ, Calif. (BRAIN) — As the industry debates whether the pandemic-driven bike boom will end with a bust as supply dwindles, or reset as the new normal for years, consider one key difference between this boom and the early 1970s edition: This time we have e-bikes.

Posted July 10, 2020
A House subcommittee hears testimony from business owners about ways to improve supply chain resiliency during the COVID-19 pandemic.

WASHINGTON (BRAIN) — As the lone representative of not only the cycling industry but the entire outdoor industry, David Billstrom admitted to feeling some pressure addressing Congress on July 2.

Posted July 7, 2020
SBA program supported at least 1,500 jobs at retail, supplier and nonprofit organizations.
A showroom at a Bicycle Sports Shop location in Austin.

AUSTIN, Texas (BRAIN) — Bike shops, suppliers and nonprofits across the industry — along with thousands of employees — have benefitted from the Paycheck Protection Program, which provides forgivable loans for organizations that maintain payroll during the COVID-19 pandemic.

Posted July 6, 2020

WASHINGTON (BRAIN) — The Paycheck Protection Program was extended another month to small businesses needing financial assistance in the wake of the COVID-19 pandemic.

Posted June 12, 2020

PITTSBURGH (BRAIN) — Dick's Sporting Goods restored salaries and ended furloughs for employees after stores closed because of the COVID-19 pandemic.

Posted June 5, 2020
NAHBS considering four cities for its next show, to be held in September 2021. Outerbike still plans fall events.

DALLAS (BRAIN) — Organizers of the North American Handmade Bicycle Show announced Friday that they were canceling the show, which had been scheduled for Dallas in August.

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