Industry News
FRANKFURT (BRAIN) — Eurobike organizers say they will not hold a distinct e-mobility event alongside the bike show in 2026.
NEW YORK (BRAIN) — Refurbished e-bike seller Upway closed a $60 million Series C funding round last week led by an investment by Copenhagen's A.P. Moller Holding. The company said it is looking for U.S. growth and plans to open used e-bike refurbishment centers in Denver and other U.S. cities.
BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: What are the most and least effective things you’ve done to engage with customers and keep them riding after their initial purchase and visiting your shop? What, if any, youth-specific engagement has worked well?
SEATTLE (BRAIN) — Rad Power Bikes told Washington state officials on Friday that it possibly would lay off 64 employees in the state in January.
(BRAIN) — After 20 years as president of marketing and software company SmartEtailing, later rebranded as Workstand in 2023, Ryan Atkinson resigned in late October.
TAICHUNG, Taiwan (BRAIN) — Giant Group’s net revenue through the first three quarters of its fiscal year was down 16.9% from last year, to NT$47.96 billion ($1.55 billion). The manufacturer said its gross margin for the period was 19.8% and net profit before tax was NT$1.43 billion.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue dipped 37% year-over-year as the action camera brand experienced declines in retail (41%) and its online revenue (22%) channels.
SALT LAKE CITY (BRAIN) — Clarus Corp., which owns the Black Diamond outdoor brand and the Rhino-Rack and Rocky Mounts rack brands, announced third-quarter sales of $69.3 million, up 3% from the same quarter last year.
DULUTH, Ga. (BRAIN) — Fox Factory reports its net sales were up 4.8% in the third quarter, largely thanks to the company's powered-vehicle businesses. Its Speciality Sports Group (SSG), which includes its bicycle-related businesses and its ball-sports brands, had an 11.2% decrease in revenues in the quarter.
(BRAIN) — GOREWEAR, the cycling and running apparel division of W. L. Gore & Associates, will leave the market next year, a source familiar with the company’s decision confirmed to BRAIN on Thursday.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue increased 18% year-over-year as all of its head-to-toe protective gear categories — mountain bike, moto, and off-road adventure riding — grew by double digits during the period.
(BRAIN) — SRAM has expanded distribution and servicing of its brands in Eastern Europe through Aspire Sports.
(BRAIN) — YT Industries USA announced it will close after failing to reach an agreement with YT Industries Germany.
PORTLAND, Ore. (BRAIN) — OTTO DesignWorks LLC, the parent of the OTTOLOCK brand, has sold its brand and assets to Pacific Die Casting Corporation (PacDie), a long-time manufacturer for OTTO.
MILWAUKEE (BRAIN) — Ben’s Cycle has acquired Euro-Asia Imports’ inventory following the specialist distributor’s closing in August after more than 50 years selling mostly high-end parts for road, touring, and fixed-gear bikes.
FRANKFURT (BRAIN) — Eurobike’s organizers say they were taken by surprise when two German trade groups announced Thursday that they were pulling their support for the show.
SEATTLE (BRAIN) — A Washington state man is suing Specialized Bicycle Components after suffering injuries following a crash on a Turbo Levo e-MTB he said was caused by a known motor defect.
VISTA, Calif. (BRAIN) — The Haro brand is not shutting down nor pausing, CEO Bjarke Rasmussen told BRAIN, but it did cut its U.S. staff by about a third in the spring and reorganized its sales staff to adjust to a turbulent U.S. market affected by tariffs.
WASHINGTON (BRAIN) — Giant Group says it met with Customs and Border Protection officials in Washington in late October to discuss the Withhold Release Order that CBP placed on shipments from Giant's Taiwan factory because of alleged labor rights violations.
OLATHE, Kan. (BRAIN) — Garmin Ltd. consolidated revenue increased 12% year-over-year in the third quarter led by the Fitness segment that includes cycling products.
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