Industry News
EL PASO, Texas (BRAIN) — Helen of Troy reported net sales for the first quarter fell 6.6% year-over-year with the Home & Outdoor group, which includes brands Osprey and Hydro Flask, declining 7.3%.
WARWICK, R.I. (BRAIN) — Spinov8 is no longer the North American distributor for special-needs bike brand Van Raam after seven years. Because it was a single brand distributor for Van Raam, Spinov8 ceased operations.
OLATHE, Kan. (BRAIN) — Garmin is now providing retailers with "Garmin Ready" frame labels that let consumers know the e-bike is certified to communicate with their Garmin devices.
(BRAIN) — American Classic is offering three new low-priced tire models with sales to benefit PeopleForBikes' Community Grants program.
PARK CITY, Utah (BRAIN) — Bloomberg is reporting that TSG Consumer Partners is weighing the possible sale of Backcountry.com and its related e-commerce sites, which include CompetitiveCyclist.com.
ATLANTA (BRAIN) — Wahoo Fitness says its financial woes are in the past after a recapitalization eliminated debt that had crippled it after the pandemic boom in indoor exercise products. Three private equity groups helped founder Chip Hawkins pay off a public debt owed to a bank consortium; it also put capital on Wahoo's balance sheet to enable growth.
GREENWICH, Conn. (BRAIN) — L Catterton, which bought a majority share in Pinarello in 2017, said it has sold the company to "a private family office." European news sources say billionaire Ivan Glasenberg bought it for 200 million euros.
NEW YORK CITY (BRAIN) — An emergency $25 million grant from the U.S. Department of Transportation will enable the city to set up outdoor e-mobility battery charging and storage stations at 53 city Housing Authority developments.
FRANKFURT (BRAIN) — Eurobike, which closed Sunday after its weekend consumer event, attracted 34,750 trade visitors and 31,780 consumer visitors over its four days. Both figures were an increase over last year.
FRANKFURT (BRAIN) — Ben Serotta will collaborate with a German 3D printing manufacturer to "bring the benefits of personalized cycling equipment to a broader section of the cycling population," the longtime bike designer told BRAIN on Thursday at Eurobike.
FRANKFURT (BRAIN) — Erik Bär has seen e-bike batteries from China come into Germany with fraudulent certification, so he knows about the chilling effect unregulated lithium-ion packs can have in the marketplace and understands the angst in the U.S., especially in New York City right now.
FRANKFURT (BRAIN) — While François-Xavier Terny said replacing the car in the U.S. is next to impossible, he believes the Fuell e-bike brand has the right mix of features to at least keep it parked some of the time.
WATERFORD, Wis. (BRAIN) — Waterford Precision Cycles is planning a farewell ride next weekend and will be auctioning production equipment and other tools online starting June 24.
FRANKFURT (BRAIN) — Eurobike begins here Wednesday with more than 1,900 exhibitors attending, exceeding the number from the Frankfurt am Main's inaugural event last July.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission will meet publicly July 27 at its headquarters here to discuss lithium-ion battery safety. The 10 a.m. meeting also can be accessed remotely.
WASHINGTON (BRAIN) — Senate legislation was introduced to restrict non-market economies like China from using the de minimis threshold to import potentially dangerous products — including e-bikes and lithium-ion batteries — into the U.S. marketplace without accountability for product integrity.
BOULDER, Colo. (BRAIN) — For our June magazine edition, we asked our State of Retail panel members: Tell us about your service department in terms of its percentage of overall sales, how you manage staffing and turnaround times, and how you set pricing.
SCOTTS VALLEY, Calif. (BRAIN) — Vista Outdoor's Bell Sports division has notified the state of California of the permanent closure of its Scotts Valley facility, which included the layoff of 57 employees there.
DENVER (BRAIN) — ACT Lab, an independent testing laboratory, has launched a certification program that includes providing bike makers with hangtags letting consumers know on the sales floor that the bikes meet relevant standards including UL.
EDINBURGH, Scotland (BRAIN) — The Scottish manufacturer Intra Drive, maker of an 8-speed e-bike motor/gearbox, has launched a new investment round to raise funds to open a production facility at its headquarters in Edinburgh.
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