Industry News

Company will transition exclusively dealer direct sales this year.

CHARLOTTE, N.C. (BRAIN) — Kask America began selling direct to U.S. and Canadian dealers on Jan. 1 and will continue sale through its existing distributors through early spring as it transitions to an exclusively dealer direct model.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, LLC, the owner of Bicycle Retailer & Industry News, is seeking a driven, proactive and detail-oriented managing editor to join our team in Boulder.

Company is relaunching with warehouses full of in-season products that were held back from the ASE bankruptcy liquidation sales.

PHILADELPHIA (BRAIN) — Advanced Sports Inc., the distribution arm of Advanced Sports Enterprises, is now ready to return to full-scale business, selling Fuji, Kestrel, Breezer, SE Bikes and its other brands to U.S. retailers.

Tagged ASE Bankruptcy
Crowdsourcing campaign results in the new bike brand's name: ARĪV.

DETROIT (BRAIN) — General Motors is now accepting preorders in three European countries for its new e-bike line. The company also announced the results of its crowdfunding contest to give the bikes a brand name; the new name is ARĪV. The ARĪV line includes two models.

Tagged Electric bike

SCHAUMBURG, Ill. (BRAIN) — The Chicagoland Area Bicycle Dealers Association will continue to expand its reach far from the shores of Lake Michigan in the next 12 months.

CABDA's Midwest show closed Thursday and organizers announced two new venues for its next season.

Tagged CABDA

BROOKLYN, N.Y. (BRAIN) — Industry associations continue to lobby against the 25 percent tariffs imposed on Chinese-made electric bikes and motors. But many suppliers and retailers say most premium brands typically sold at IBDs are not affected, since these bikes don’t come from China.

Tagged Electric bike / From the Magazine

MIAMI (BRAIN) — Ben Joannou Jr., the co-CEO of distributor J&B Importers, died late Wednesday after suffering cardiac arrest. He was 60.

BOULDER, Colo. (BRAIN) — Between VeloNews, Bicycle Retailer & Industry News and other media brands owned by Pocket Outdoor Media, April's Sea Otter Guide will reach the widest consumer and trade audience ever via print and online delivery.

Tagged BRAIN News / Sea Otter Classic

CHINO, Calif. (BRAIN) — A GoFundMe campaign has been established to help with the medical expenses of InCycle Bicycles store manager Megan Rodriguez, who was run over by a pickup truck attempting to stop thieves from making off with a high-end bike this week.

BATH, England (BRAIN) — U.K.-based publisher Future plc. has announced plans to buy CyclingNews.com and Procycling magazine from Immediate Media Co.

Tagged Mergers & Acquisitions / Media/Publishing

SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin Ltd. announced Tuesday that it has reached a deal to acquire Dutch indoor smart trainer company Tacx. The deal is expected to close during the second quarter of 2019. The terms of the deal will not be disclosed, Garmin stated.

Tagged Mergers & Acquisitions

OSAKA, Japan (BRAIN) — Shimano is reporting a similar scenario as the rest of the industry: sales of complete bikes in North America declined last year in units, but increased in dollars thanks to a shift to more expensive models, including e-bikes.

Tagged Earnings/Financial Reports

HELSINKI (BRAIN) — Amer Sports on Thursday reported a 10 percent increase in fourth-quarter sales, to 874.2 million euros ($992 million).

GATESHEAD, England — U.K. distributor Vielo Sports launched its own Vielo bike brand in January 2018, with a focus on delivering an all-road bike, the V+1, that could be ridden more comfortably in harsh U.K. conditions.

Tagged Sea Otter Classic

CHAPEL HILL, N.C. (BRAIN) — About 95 employees at ASE's facility here — the longtime headquarters for the company's Performance retail division — were laid off Wednesday as it became near certain that the chain's remaining stores will close for good by next month. The layoffs ended hopes that Performance, once the country's largest bike retail chain with 104 stores and nearly 1,700 employees, would continue to operate brick-and-mortar stores.

Tagged ASE Bankruptcy

ANOKA, Minn. (BRAIN) — Vista Outdoor on Thursday reported a 20 percent drop in sales to $468 million for its fiscal third quarter, ended Dec. 30, due to declines in ammunition and firearms sales, hunting/shooting accessories and the company's actions sports and outdoor recreation businesses.

Tagged Earnings/Financial Reports

LAGUNA HILLS, Calif. (BRAIN) — Bicycle Retailer and Industry News is looking for new product information and news to include in its annual Sea Otter Classic Festival & Gear Guide that will be handed out at the four-day fest April 11-14.

Tagged BRAIN News / Sea Otter Classic

FOUNTAIN VALLEY, Calif. (BRAIN) — Pedego, the e-bike brand with over 100 licensed U.S. stores in operation, is testing a program to sell its bikes to independent retailers through a "store-within-a-store" program.

PHILADELPHIA (BRAIN) — Part of the group that has agreed to purchase the assets of Advanced Sports Enterprises said Tuesday that they are committed to operating ASE's wholesale business, Advanced Sports Inc., and will continue selling ASI's brands including Fuji, Kestrel, SE, Breezer, Tuesday and component brand Oval Concepts.

Tagged ASE Bankruptcy

GREENSBORO, N.C. (BRAIN) — A group of four companies called the Tiger Group submitted the winning bid to buy the assets of ASE for just over $23 million on Friday. A bankruptcy judge approved the bid; a closing is expected Tuesday.

Tagged ASE Bankruptcy

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