Industry News

MARINA, Calif. (BRAIN) — When Light & Motion saw rising tariffs on the horizon in the U.S.-China trade war, it was as clear as day what had to be done.
PHILADELPHIA (BRAIN) — Tiger Group, a liquidator that bought the wholesale operations of ASE out of bankruptcy last year, has sold the operations, now called BikeCo, to Advanced Holdings Co. LTD.
MONTRÉAL (BRAIN) — Dorel Industries Inc., parent of Schwinn, Cannondale and other brands, has suspended its dividend and says its third quarter results will be harmed by increased U.S. tariffs on Chinese bikes, furniture and other goods Dorel sells.

SAN FRANCISCO (BRAIN) — The city transit agency is giving Bay Area Motivate until mid-October to have e-bike service restored after battery fires forced the Lyft bike-sharing fleet off the streets.

WASHINGTON (BRAIN) — More than a week after the Trump administration announced tariff exclusions, the industry is still unclear — or even "doubtful" — if e-bikes earned it. Meanwhile, exclusion requests pour in as importers and trade organizations hope to duplicate the success of singlespeed importer State Bicycle.

BOULDER, Colo. (BRAIN) — Nate Pearson, the CEO of the fast-growing indoor training platform TrainerRoad, joins host Kristin Carpenter on this week's Channel Mastery podcast, produced in partnership with BRAIN.

BOULDER, Colo. (BRAIN) — Following recent BRAIN magazine product features on apparel, indoor training, and youth bikes, our next print edition will include a package of stories about the growing market for cargo bikes — both electric and acoustic.
CHICAGO (BRAIN) — The Chicago Department of Transportation asked the U.S. District Court on Thursday to dismiss a share-bike company's lawsuit that alleges the city granted its primary competitor exclusive rights to operate.
GENEVA (BRAIN) — The U.S. elected to remain in the Universal Postal Union after an agreement was reached Wednesday, allowing it to better compete with China and other developing countries who ship products to the U.S. at lower rates.

LONGMONT, Colo. (BRAIN) — Facebook, apparently in an effort to curtail foreign influence in U.S. elections, made a Colorado bike accessory brand jump through regulatory hoops before letting it promote its "Bidon 2020" water bottles on the social network site.

NEW YORK (BRAIN) — Peloton, which priced shares at $29 in its IPO Wedneday, fell to $27 per share when the market opened Thursday morning on the Nasdaq.
In the IPO, the company raised $1.16 billion, giving it a valuation of $8.1 billion.

YORKSHIRE, United Kingdom (BRAIN) — Bike racing avatars will presumably earn the right to don virtual rainbow jerseys following the first UCI Cycling Esports World Championships, to be held next year.
ATLANTA (BRAIN) — After nearly 30 years of entertaining purchase offers, Speedplay co-founders Richard Bryne and Sharon Worman finally chose one to accept.

TEMPE, Ariz. (BRAIN) — While requests are still being accepted, so far just five importers asked for their products to be excluded from new tariffs. One of them, State Bicycle Co., received the exclusion.

WASHINGTON (BRAIN) — Singlespeed adult bikes and, apparently, e-bikes, have earned an unexpected reprieve from tariffs imposed by the Trump administration last year.
WASHINGTON (BRAIN) — A California congressman helped push through a bill that would award Greg LeMond a Congressional Gold Medal. The bill passed the House Thursday and now heads to the Senate.
Rep. Mike Thompson, a Democrat who represents California's 5th district, sponsored the bill.
SAN DIEGO (BRAIN) — NiteRider has launched its first ever B2B website and a new line of military grade tactical flashlights.
The new B2B site allows dealers to place orders 24/7, while also allowing them to check order status and download all current sales collateral with just a click of the mouse.

TEMPE, Ariz. (BRAIN) — State Bicycle Co., a consumer direct bike brand, recently moved production of two of its most popular models to Taiwan from China to lessen the effects of tariffs during the ongoing U.S.-China trade war.
LONDON (BRAIN) — Science in Sport, marketer of the SiS brand of sports nutrition, reports group revenue increased 150% in the first six months of this year compared to the same period last year.
BOULDER, Colo. (BRAIN) — Retailers who have opinions and want their voice to be heard, listen up: Bicycle Retailer and Industry News seeks retailers for its 2019-20 State of Retail panel.