Industry News

PORTLAND, Ore. (BRAIN) — According to Bryan Hance, it's common in this environmentally conscious and cycling-friendly city for families to trade their vehicle for e-bikes. But if those e-bikes are stolen, it has a chilling effect on the city's bicycling culture.

Tagged Electric bike

LOUISVILLE, Colo. (BRAIN) — Because it deals exclusively with pre-owned bikes, e-commerce seller The Pro's Closet remains up to date on the latest bike theft trends. But even it was taken aback by the uncovering of a Mexican Facebook Marketplace seller's stolen bike enterprise.

CHICAGO (BRAIN) — When a smash-and-grab or individual theft occurs with its registered bikes, Bike Index recommends first filing a police report, but co-founder Bryan Hance and Executive Director Craig Dalton said relying exclusively on law enforcement for recovery often isn't enough.

Mexican stolen bike study raises bike registration group's stature.

CHICAGO (BRAIN) — Bike Index began nearly a decade ago with a modest goal: registering bikes into a database to increase the chances of recovery if stolen. It completed its eighth year in 2021 by accomplishing something bigger.

Tagged From the Magazine

GRAND RAPIDS, Mich. (BRAIN) —  A U.S District Court judge has dismissed a case that a mobile game app maker had filed against Trek Bicycle after Trek challenged the game maker’s trademark registration.

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record revenue for the year and in the fourth quarter despite flat fitness sales that include cycling products.

Tagged Earnings/Financial Reports

EASTON, Pa. (BRAIN) — Roam Investment Group, led by former Allied Cycle Works COO Paul Jarrell, has acquired Speedsleev, the maker of minimalist saddle bags and handlebar bags.

Tagged Mergers, Acquisitions & Investments
John Porter.

SAN FRANCISCO (BRAIN) — John Porter, the former owner and president of The Merry Sales Co. died Friday at 94.

AMSTERDAM (BRAIN) — Peter Woods has stepped down as president and CEO of Dorel Sports, which last month was officially acquired by Pon Holdings.

STUTTGART (BRAIN) — Porsche announced Thursday plans to acquire a 20% stake in the German e-bike drive system manufacturer Fazua GmbH and also will partner with Pon Holdings' Ponooc Investment B.V.

Tagged Mergers, Acquisitions & Investments

STOCKHOLM (BRAIN) — MIPS' Sports category continued to drive sales, with bike and snow helmets helping the technology company increase fourth-quarter year-over-year net sales 41% and 67% for the year.

Tagged Earnings/Financial Reports

AUSTIN, Texas (BRAIN) — London-based private equity group Inflexion has signed a definitive agreement to acquire enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.

Tagged Mergers, Acquisitions & Investments

SACRAMENTO (BRAIN) — The group of trail and forest advocates settled its federal lawsuit filed in 2019 against the U.S. Forest Service, whom it said allowed Class 1 e-bikes on non-motorized trails in the Tahoe National Forest without conducting a public study.

Tagged Electric bike / Lawsuits/legal

STOCKHOLM (BRAIN) — Thule Group's fourth-quarter net sales increased 15% year-over-year, with 2021 net sales rising 32.7%, despite rising costs for raw materials, freight prices, and COVID-19 employee absenteeism.

Tagged Earnings/Financial Reports
Also: We provide a bit of a primer on data available in the industry. And look! A ship photo.

WASHINGTON (BRAIN) — Bike imports continued to skyrocket last year, as the industry brought in bikes with a customs value of $1.96 billion, a record that is 40% higher than in 2020.

The company also ditched plans for a factory in Ohio.
John Foley

NEW YORK (BRAIN) —  Peloton Interactive on Tuesday announced that its revenues grew 6% in its recently completed second quarter, to $1.1 billion; the company recorded a net loss for the quarter of $439.4 million but could point to a 66% increase in Connected Fitness Subscriptions and a 26% increase in recorded worko

Tagged Earnings/Financial Reports
Getty image.

BOULDER, Colo. (BRAIN) — VeloNews has appointed Daniel Benson as its new editor-In-chief. Benson brings a background rich in cycling storytelling and over two decades of global media experience, the title said.

Tagged Media/Publishing / BRAIN News

OSAKA, Japan (BRAIN) — In the year the company celebrated its 100th anniversary, Shimano Inc.’s sales and operating income hit an all-time record, driven primarily by its business in the bike industry.

Company-wide, Shimano's sales last year were up 44.6% over 2020, while operating income was up 79.3%.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN) — A bipartisan group of U.S. senators is asking the Biden administration to establish "a more comprehensive" process to exclude some products from the current Section 301 tariffs on the import of some products from China.

Tagged Tariffs

BOULDER, Colo. (BRAIN) — Retül is updating its bike fit service with a digital, markerless body measurement system that the company said is more accurate and repeatable than other measurement methods.

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