Coronavirus

Posted April 14, 2020
The Paycheck Protection Program originally authorized $349 billion in forgivable loans.

WASHINGTON (BRAIN) — The Small Business Administration said Tuesday that as of noon Eastern time it had approved $253 billion in forgivable loans during the program's first 12 days.

Posted April 14, 2020
Thompson during a recent 60th birthday ride with colleagues.

NEWBURY PARK, Calif. (BRAIN) — BRAIN checked in with Giant Group's U.S. general manager, John "JT" Thompson, this week to get his view of how the U.S. industry is handling the COVID-19 pandemic. 

Posted April 13, 2020
Ellen Kast.

Talking to your landlord is one of the last things you want to do right now. Rent is likely your largest monthly expense and since you have a lease, it’s not going away.

Posted April 13, 2020

WATERLOO, Wis. (BRAIN) — Sound financial advice is at a premium these days for bicycle retailers trying to survive the COVID-19 pandemic, and Andrew St. Clair has some to give.

Posted April 10, 2020
A look at the programs as a few more bike companies join the battle.
Chris Fortune pilots the e-delivery bike.

Specialized, Santa Cruz and Saris have each revealed some details of their efforts to help the fight against COVID-19.

Posted April 9, 2020

WASHINGTON (BRAIN) — The Federal Reserve infused the Paycheck Protection Program and others with $2.3 trillion in loans Thursday to further support small businesses in the wake of the COVID-19 pandemic.

Posted April 9, 2020

BOULDER, Colo. (BRAIN) — In the newest Bicycle Retail Radio podcast from the National Bicycle Dealers Association, Lester Binegar, the general manager of University Bikes in Boulder, talks with Ray Keener about shop operations during the COVID-19 response.

Posted April 9, 2020
Burke says he's uncertain about a lot of things but optimistic about the bicycle's future. And he thinks we'll all know a lot more in a couple months.
John Burke

WATERLOO, Wis. (BRAIN) — Trek president John Burke says "The big question for the industry is: What's going to happen as we exit this?"

Posted April 8, 2020
Photo: EUROBIKE Friedrichshafen

FRIEDRICHSHAFEN, Germany (BRAIN) — The organizer of the Eurobike trade show says he is still uncertain whether the trade show will be held as planned in early September, and said the show has dates in late November reserved as a "Plan B" in case the COVID-19 crisis forces a postponement of the September show.

Posted April 8, 2020

BROOMFIELD, Colo. (BRAIN) — Vail Resorts, the ski resort, real estate and retail giant, told Colorado officials Wednesday that it has furloughed 65 employees at its Bicycle Village stores in Aurora, Boulder and Littleton, Colorado.

Posted April 8, 2020

PITTSBURGH (BRAIN) — Dick’s Sporting Goods will furlough “a significant number” of employees beginning April 12, the company said in a statement to investors.

Posted April 7, 2020
Patience and persistence needed when applying for SBA's PPP loan, official says.

WASHINGTON (BRAIN) — Steve White urges patience and persistence during the rollout of the Paycheck Protection Program that authorizes billions of dollars in forgivable small-business loans for retailers affected by the COVID-19 pandemic.

Posted April 7, 2020

SALT LAKE CITY (BRAIN) — Some event news as the COVID-19 shuffling and re-shuffling continues: CrankTank's Impact media event tied to the Dirty Kanza 200 gravel race will move, with the race, to September.

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