Industry News

SRAM began promoting its program on Friday.

CHICAGO (BRAIN) — Industry suppliers are offering new fulfillment programs helping retailers maintain some revenue and connections with their community during the COVID-19 pandemic.

Tagged Coronavirus

BOULDER, Colo. (BRAIN) — On Friday Congress approved and the president signed a $2 Trillion stimulus package into law. PeopleForBikes plans a webinar next week to explain what it could mean to retailers and other members of the bike industry. 

Tagged Coronavirus

FLETCHER, N.C. (BRAIN) — Component manufacturer Cane Creek has suspended operations through April 10 because of the COVID-19 pandemic.

Taiwan operations will continue normally, according to a Cane Creek news release.

Tagged Coronavirus

SANTA FE, N.M. (BRAIN) — Bicycle Technologies, Inc. will shut down operations at the end of the day Friday due to the COVID-19 pandemic.

Tagged Coronavirus
The Italian manufacturer has converted its carbon factory to produce valves for ventilator masks during the pandemic.
Some of the 3D-printed valves by 3T.

BERGAMO, Italy (BRAIN) — 3T Cycling is the latest bike company to reveal that it has converted its factory to make devices for the medical industry. The Italian brand is running its 3D printer 24 hours a day to make a valve part for a ventilator mask.

Tagged Coronavirus

GRAND JUNCTION, Colo. (BRAIN) — While officials in many regions are restricting travel and other activities due to the COVID-19 pandemic, some are questioning the legality of some orders that affect outdoor activities on public lands. 

Tagged Coronavirus

NEW YORK (BRAIN) — Advance, the owner of Condé Nast and other media properties, has entered a definitive stock purchase agreement with Wanda Sports Group Company Limited to buy The Ironman Group.

Tagged Mergers & Acquisitions

NEW YORK (BRAIN) — As part of its LyftUp initiative, Lyft will provide free access to its bike-share programs in three metropolitan cities for health-care workers during the COVID-19 pandemic.

Tagged Coronavirus / Bikeshare
Leatt introduced a line of mountain bike shoes in March.

CAPE TOWN, South Africa (BRAIN) — Protective gear manufacturer Leatt Corp. recorded a 16% increase in revenue for 2019 and a fourth-quarter rise of 32% year-over-year in financial results released through Dec. 31, 2019.

Tagged Earnings/Financial Reports

HEERENVEEN, Netherlands (BRAIN) — Accell Group said it has withdrawn a proposed dividend of 0.30 euros ($0.33) per share as part of its response to the COVID-19 pandemic.

Tagged Coronavirus
De Soto Sport is now making personal protective equipment.

SAN DIEGO (BRAIN) — De Soto Sport — makers of multisport clothing, wetsuits and accessories for triathletes — began manufacturing personal protective equipment this week, joining many other cycling and cycling clothing suppliers during the COVID-19 pandemic.

Tagged Coronavirus

HAYWARD, Calif. (BRAIN) — Panaracer says it will honor commitments made to events this year, even if they are not held because of the COVID-19 pandemic. 

The tire company was set to sponsor and/or exhibit at more than 30 events this year, in North America and Europe.

Tagged Coronavirus

GRAND JUNCTION, Colo. (BRAIN) — Rack and accessory brand RockyMounts is shutting down its operations here due to the COVID-19 pandemic's effect on business.

Eurobike is scheduled for Sept. 2-5.

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike organizers said in an email Wednesday they are preparing to hold the trade show and media events leading up to it as originally planned on Sept. 2-5 despite the COVID-19 pandemic.

However, uncertainty as to when the pandemic will end could change those plans.

Tagged Coronavirus

TOKYO (BRAIN) — The 2020 Summer Olympics in Tokyo will be postponed due to the coronavirus pandemic.

Tagged Coronavirus / Racing & Sponsorship
In the meantime, the component maker aids with PPE manufacturing.

ASHEVILLE, N.C. (BRAIN) — When trying to help during the COVID-19 pandemic, the last obstacle a company wants to encounter is red tape. Yet, that's what Industry Nine has in front of it.

Tagged Coronavirus
Kitsbow Cycling Apparel is manufacturing face shields and masks.

OLD FORT, N.C. (BRAIN) — Kitsbow Cycling Apparel told its employees after moving from California that job duties constantly would evolve to reflect an ever-changing product line.

Three months and one pandemic later, have they ever.

Tagged Coronavirus

LONDON (BRAIN) — Nutrition company Science in Sport reported a 24% increase in group revenue for 2019, in part thanks to the addition of PhD Nutrition, which SiS acquired in December 2018.

Tagged Earnings/Financial Reports

MOAB, Utah (BRAIN) — After some considering, organizers of the Outerbike demos have decided to stick with their October dates for an event in Moab, even though the dates conflict with the re-secheduled Sea Otter Festival.

Tagged Coronavirus / Consumer Expos and Rides

TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle, the trade show originally scheduled to be held this month, have canceled a subsitute event that had been scheduled for mid-May.

Tagged Coronavirus / Taipei Cycle Show

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