Industry News
STOCKHOLM (BRAIN) — Thule Group's year-over-year net sales for the fourth quarter decreased 5% while yearly sales were down 10% compared to 2022 as bike-related product sales continued to decline.
STOCKHOLM (BRAIN) — Despite some bike helmet sales growth in the Sport sub-category, MIPS' fourth-quarter net sales decreased 15% year-over-year while yearly net sales were down 37%.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. fourth-quarter revenue declined 8% year-over-year as did its 2023 revenue despite camera sell-through increases in the second half of the year.
BRUSSELS (BRAIN) — Belgium e-bike brand Cowboy has started an at-home mobile service to support its European riders.
OAK PARK, Ill. (BRAIN) — Some air travelers who hope to bring a bike on their trip are running into road blocks with Southwest Airlines. The wording in the carrier's bike policy is confusing and travelers say it is enforced inconsistently.
SOUTH KINGSTOWN, R.I. (BRAIN) — A man is suing Shimano North America and Trek Bicycle for $2 million in damages after his bike's Shimano V-brake lever impaled his thigh during a fall on a bike path.
ANOKA, Minn. (BRAIN) — Revelyst, the division of Vista Outdoor that contains its bicycle-related brands, is closing offices in four communities as it consolidates its related brands into three groups.
ALBANY, N.Y. (BRAIN) — A month after saying she would propose a state-wide ban on the sale of uncertified lithium-ion batteries, New York Gov.
HELSINKI (BRAIN) — Enve Composites owner Amer Sports did not meet pricing expectations for its initial public offering over analysts' concerns with its Chinese parent company Anta Sports Products.
ANOKA, Minn. (BRAIN) — Sales in Vista Outdoor's Revelyst business unit — formerly its Outdoor Products segment — decreased 10% in the company's fiscal third quarter, which ended Dec. 24. Revelyst contains bike industry brands Giro, Bell, Fox Racing, QuietKat and others.
HEERENVEEN, Netherlands (BRAIN) — Accell Group plans to combine its two manufacturing facilities here and move a portion of production to other European sites, leading to a workforce reduction of 100 to 150 jobs.
SANTA CRUZ, Calif. (BRAIN) — Joe Graney will step down as Santa Cruz Bicycles' CEO to spend more time with his family, a Santa Cruz spokesperson said.
PHILADELPHIA (BRAIN) — The Philly Bike Expo has moved from its traditional fall dates to spring, but organizers said it will remain a meeting place for handmade builders as well as cycling enthusiasts.
ZURICH (BRAIN) — Brands looking to add some Swiss precision to their bike products are looking to 9T Labs, a 5-year-old continuous fiber composite manufacturer. The brand might be a common sight on some high-end bikes and parts from major brands in the coming seasons.
REICHSHOF, Germany (BRAIN) — Schwalbe, which historically has split tire and tube production between its factories in Indonesia and Vietnam, says it is focusing on Vietnam exclusively at least for the time being.
KORTRIJK, Belgium (BRAIN) — At the Velofollies trade fair here this week, Belgian Cycling Factory is relaunching the Eddy Merckx bicycle line, which has been off the market for several years.
(BRAIN) — Tern has added Steve Gluckman and Shirley Chen to its senior management teams.
SEOUL, Korea (BRAIN) — South Korean apparel brand Youngone Corp., which acquired a majority share in Scott Sports in 2015, has loaned its subsidiary 150 million Swiss francs ($176 million).
PORTLAND, Ore. (BRAIN) — The MADE handmade bike show, which held its first show last year in Portland, will add a second this June in Australia. The Made Australia show will be June 28-29 at the Darebin International Sports Centre in Thornbury, Victoria, near Melbourne.
SAN MARCOS, Calif. (BRAIN) — Almost three years after the brand filed for Chapter 11 bankruptcy, Eminent Cycles' remaining frames, bikes and parts are being auctioned this month.
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