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Industry News
LOUISVILLE, Colo. (BRAIN) — The Flagg family, which owns SmartEtailing and is led by QBP founder Steve Flagg and his wife, Mary Henrickson, has purchased Wheels Manufacturing, a U.S. manufacturer of service and repair parts.
CHEYENNE, Wyo. (BRAIN) — On Tuesday afternoon, Wyoming Gov. Mark Gordon signed legislation that recognizes electric bikes as bicycles and enables e-bike riders to enjoy the same paths and trails as other bicycle riders in Wyoming.
BROOKLYN, N.Y. (BRAIN) — You can't buy one (not a new one, anyway), but New Belgium Brewery's cruisers are some of the most popular and visible bikes in the country.
WASHINGTON (BRAIN) — Legislation that would permanently fund the Land and Water Conservation Fund and protect national parks from nearby mining, among other thing, has passed the U.S. House and Senate and is expected to be signed by President Donald Trump.
Was it you?
BOULDER, Colo. (BRAIN) — On occasion, industry data gets so granular — or so small — that you can speculate about the identity of the companies and retailers behind the numbers. For example, in January, one U.S. wholesaler sold one 26-inch dual suspension mountain bike to a customer, for $499 wholesale.
For the first time in several years, bike-related sales accounted for less than half of the company's revenues in 2018.
BRASELTON, Ga. (BRAIN) — Sales in Fox Factory's Specialty Sports Group — which comprises the company's bicycle brands: Fox and Marzocchi suspension, RaceFace and Easton Cycling — grew 14.9 percent last year, to $282 million, according to an earnings report Tuesday.
TWITTERVERSE (BRAIN) — According to tweets sent out from the account of President Donald Trump on Sunday, the U.S. will delay an increase in tariff rates on Chinese goods, initially set to happen on March 1.
Company expects Tacx acquisition to boost fitness sales in 2019.
OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported a 4 percent jump in fourth-quarter revenue, to $932 million, as the company's aviation, marine, outdoor and fitness businesses grew a collective 13 percent compared with a year earlier. Revenue for the full year rose 7 percent to $3.35 billion.
BENTONVILLE, Ark. (BRAIN) — This community, which already has hosted an IMBA World Summit, Outerbike and other bike events, will be home to the new Innovation Cycles Festival in mid-September. "Think of it as Ted Talks for the e-bike industry," said event organizer Nat Ross.
Company will transition exclusively dealer direct sales this year.
CHARLOTTE, N.C. (BRAIN) — Kask America began selling direct to U.S. and Canadian dealers on Jan. 1 and will continue sales through its existing distributors through early spring as it transitions to an exclusively dealer-direct model.
Company is relaunching with warehouses full of in-season products that were held back from the ASE bankruptcy liquidation sales.
PHILADELPHIA (BRAIN) — Advanced Sports Inc., the distribution arm of Advanced Sports Enterprises, is now ready to return to full-scale business, selling Fuji, Kestrel, Breezer, SE Bikes and its other brands to U.S. retailers.
Crowdsourcing campaign results in the new bike brand's name: ARĪV.
DETROIT (BRAIN) — General Motors is now accepting preorders in three European countries for its new e-bike line. The company also announced the results of its crowdfunding contest to give the bikes a brand name; the new name is ARĪV. The ARĪV line includes two models.
SCHAUMBURG, Ill. (BRAIN) — The Chicagoland Area Bicycle Dealers Association will continue to expand its reach far from the shores of Lake Michigan in the next 12 months.
CABDA's Midwest show closed Thursday and organizers announced two new venues for its next season.
BROOKLYN, N.Y. (BRAIN) — Industry associations continue to lobby against the 25 percent tariffs imposed on Chinese-made electric bikes and motors. But many suppliers and retailers say most premium brands typically sold at IBDs are not affected, since these bikes don’t come from China.
MIAMI (BRAIN) — Ben Joannou Jr., the co-CEO of distributor J&B Importers, died early Thursday after suffering cardiac arrest. He was 60.
BOULDER, Colo. (BRAIN) — Between VeloNews, Bicycle Retailer & Industry News and other media brands owned by Pocket Outdoor Media, April's Sea Otter Guide will reach the widest consumer and trade audience ever via print and online delivery.
CHINO, Calif. (BRAIN) — A GoFundMe campaign has been established to help with the medical expenses of InCycle Bicycles store manager Megan Rodriguez, who was run over by a pickup truck attempting to stop thieves from making off with a high-end bike this week.
BATH, England (BRAIN) — U.K.-based publisher Future plc. has announced plans to buy CyclingNews.com and Procycling magazine from Immediate Media Co.
SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin Ltd. announced Tuesday that it has reached a deal to acquire Dutch indoor smart trainer company Tacx. The deal is expected to close during the second quarter of 2019. The terms of the deal will not be disclosed, Garmin stated.
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