Industry News

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products released two reports detailing external diversity, equity, and inclusion efforts under its 2022 Accountability Report and DEI Strategic Plan.

Tagged DEI and Sustainability

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.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN) — President Joe Biden signed the Bonneville Shoreline Trail Advancement Act into law on Dec. 29 as part of the year-end omnibus federal spending legislation.

LOUISVILLE, Colo. (BRAIN) — Specialized Bicycle Components bought the award-winning office building here previously owned by Pearl Izumi, for $14.9 million.

The company said Thursday that it would use the space for an innovation center.

MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas.

FOUNTAIN VALLEY, Calif. (BRAIN) — Pedego Electric Bikes announced it will sponsor a national e-bike safety program with its North American retailers offering free instruction.

Tagged Electric bike

SALT LAKE CITY, Utah (BRAIN) — Emerald, the parent of the Outdoor Retailer shows, has acquired the consumer event company Lodestone Events. Lodestone is the producer of the Overland Expo consumer shows and is producing Outdoor Adventure X, Emerald's first outdoor consumer event.

Tagged Mergers, Acquisitions & Investments / Consumer Expos and Rides / Outdoor Retailer shows

PETALUMA, Calif. (BRAIN) — Component brand White Industries has purchased the wheel brands Rolf Prima and Astral Cycling.

Tagged Mergers, Acquisitions & Investments

EL PASO, Texas (BRAIN) — Helen of Troy's third quarter net sales fell 10.6% year-over-year for the period that ended Nov. 30.

Tagged Earnings/Financial Reports

PHILADELPHIA (BRAIN) — State Farm Insurance Company's lawsuit against Rad Power Bikes could be settled later this month after Judge Chad F. Kenney referred the case to another judge to conduct a pre-trial settlement conference on Jan. 17.

Tagged Lawsuits/legal / Electric bike

LAS VEGAS (BRAIN) — At this week's consumer electronics show, CES, CAKE is showing its first e-bike, a $6,500 Class 2 e-cargo bike aimed at "working professionals."

Tagged Electric bike
Company takes Ranger Trek's owner to federal appeals court.
A version of this article was in the January edition of Bicycle Retailer & Industry News.

WOODINVILLE, Wash. (BRAIN) — Without objection, “trek” is a lovely word, whetherr a noun or a verb. TREK™, though, is something else entirely.

LOS ANGELES (BRAIN) — A Los Angeles judge has approved a $1.5 million settlement between the parents of a 12-year-old girl who died following an e-bike crash and the parents of the 11-year-old girl who was piloting the bike.

Tagged Lawsuits/legal / Electric bike
Lawsuit over right-front brake lever is provisionally settled.

BOULDER, Colo. (BRAIN) — Of the more than 600 articles posted on this site this year, one about a lawsuit against an e-bike brand garnered the most views. 

NEW YORK (BRAIN) — Peloton started a refurbished bike program Monday in the continental U.S. and Canada. Peloton Certified Refurbished Peloton Bike/Bike+ models are available online or in showrooms with delivery and setup included.

HILDEBRAN, N.C. (BRAIN) — DeFeet founder Shane Cooper fondly remembers when the brand's socks were "the currency of the trade shows" in the 1990s as industry types would trade them among themselves.

Tagged From the Magazine

SPRINGFIELD, Mo. (BRAIN) — Rack brand Küat announced Thursday it will establish what it's calling an innovative direct-to-consumer sales channel in January.

LAS VEGAS (BRAIN) — Electric mobility brand Yadea will be recruiting regional distributors at the upcoming CES trade event here next month, part of an ambitious push into the U.S market.

Tagged Electric bike / Tradeshows and conferences
Better data collection needed, NTSB says.

WASHINGTON (BRAIN) — A National Transportation Safety Board study found at least 119 e-bike and e-scooter fatalities occurred between 2017 and 2021, and inadequate data collection from authorities makes identifying accidents involving micromobility devices difficult.

Tagged Electric bike

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association sent a letter to federal regulators this week asking that they make a statement regarding UL certification of e-bikes sold in the U.S.

Tagged Electric bike


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