Industry News
PITTSBURGH (BRAIN) — Dick's Sporting Goods announced its first-quarter net sales increased 5.2% year-over-year a few weeks after reaching a merger agreement to acquire Foot Locker.
MORGAN HILL, Calif. (BRAIN) — Specialized said it is expanding its facilities in Morgan Hill and relocating employees from Colorado to its longtime headquarters.
MANNING, S.C. (BRAIN) — Kent International will lay off 64 workers at its Bicycle Corporation of America facility here, effective June 25. The company has filed a notice with the state of South Carolina on the layoffs, saying it was due to the "permanent closure" of the facility.
GRANGER, Ind. (BRAIN) — The Department of Labor recently approved retailer Mike Shapiola's request to declare Bicycle Repair Technician apprenticeable. The Office of Apprenticeship letter to Shapiola, owner of Spin Zone Cycling, said it received and agreed with bike industry input to grant the request.
BETHESDA, Md. (BRAIN) — A nonprofit consumer advocacy organization filed a civil lawsuit on behalf of the three Consumer Product Safety Commissioners whom President Trump fired earlier this month after objecting to staff firings.
CARBONDALE, Colo. (BRAIN) — Adam Miller is back to lead the Revel Bikes' revival after announcing Wednesday the purchase of the company's assets.
BENTONVILLE, Ark. (BRAIN) — The National Bicycle Dealers Association Retailer Summit Central that started Monday and ends Thursday led off its first day of educational presentations and panel discussions with a keynote from Whitney Tabaian, newly appointed president and CEO of Mike's Bikes.
STAVANGER, Norway (BRAIN) — Norwegian urban mobility brand Podbike filed for bankruptcy Friday, citing financial hurdles including increasing production costs, supply chain disruptions, and a stagnant global economy.
DURANGO, Colo. (BRAIN) — Abra-Cadabra Fabrication, parent of the Sanitas Cycles brand, has acquired the Waterford and Gunnar brands from Richard Schwinn. The company will resume production of those brands this year at its facility in Durango.
TAIPEI, Taiwan (BRAIN) — Ideal Bike and Merida Industries, two Taiwan-based bike manufacturers, have filed their first-quarter earnings reports with the Taipei stock exchange.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue in the first quarter increased 45% year-over-year driven by a 101% rise in helmet revenue during the period.
TAICHUNG, Taiwan (BRAIN) — Giant Group says a “significant rebound in OEM orders” fueled a 4.9% increase in group revenues in the first quarter compared to the same quarter last year.
BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What resources do you invest in social media? What are your expectations for performance and how do you measure effectiveness?
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the first quarter declined 14% year-over-year despite the company reducing operating expenses during the period.
MONTREAL (BRAIN) — Four Quebec-based entrepreneurs have acquired the Rocky Mountain bike brand assets, following the brand's court-supervised re-organization that began last year.
DULUTH, Ga. (BRAIN) — Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Company-wide the growth exceeded estimates.
WASHINGTON (BRAIN) — President Donald Trump is attempting to fire the three Democratic Consumer Product Safety Commissioners after they objected to staff firings at the agency.
BETHESDA, Md. (BRAIN) — Industry experts pointed out to BRAIN in the past week that existing e-bike inventory will not necessarily be devalued if the Consumer Product Safety Commission's proposed e-bike and lithium-ion regulation testing standards become federal law.
SAN DIEGO (BRAIN) — Hearing Brett Lindstrom talk, one might recall Steve Job’s 2007 introduction of the first iPhone.
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