Industry News

We spoke to shop owners, front-line staff and industry experts to get a clearer picture of the rewards and opportunities available in the industry. First, we'll compare compensation and benefit numbers with other industries. Then let's look at three good things and one bad thing about working in bike retail.

Tagged From the Magazine

WELS, Austria (BRAIN) — Rossignol Groupe has sold Felt Bicycles to the Pierer Mobility, best known as the parent company of the KTM motorcycle brand, Pierer announced Tuesday.

Tagged Electric bike / Mergers, Acquisitions & Investments

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 13.9% in the third quarter year-over-year and raised its full-year guidance.

Tagged Earnings/Financial Reports
Mottram hands over the reins 17 years after establishing the influential clothing brand.

(CYCLINGTIPS) — Simon Mottram, the founder and longtime figurehead of British cycling clothing brand Rapha, is stepping down as CEO at the end of this year. Mottram had been in the role for 17 years, ever since he founded the company in London in 2004.

TUCSON, Arizona (BRAIN) — As PeopleForBikes' Electric Bicycle Summit—a one-day affair—got underway late last week, a key takeaway was this: The industry is struggling to understand the impact of a fast-growing e-bike boom.

Tagged Electric bike / Tradeshows and conferences

SANTA FE, N.M. (BRAIN) — With events and festivals slowly returning to normal following the height of the COVID-19 pandemic last year, so too is the annual bicycle-inspired food drive known as Cranksgiving.

Billy Michels Photography

PARK CITY, Utah (BRAIN) — The Big Gear Show, which held its inaugural trade event at Park City’s Deer Valley Resort in August, will hold its second show there Aug. 2-3, 2022, organizers say.

Next year the show will feature a two-day format, which organizers said 2021 attendees requested.

Tagged Tradeshows and conferences / The Big Gear Show

WASHINGTON (BRAIN) — The House of Representatives on Friday morning approved the Build Back Better Act that provides billions of dollars in funding for an e-bike tax credit, bike commuter benefit, and climate and equity-enhancing infrastructure as part of the $1.75 trillion social spending bill.

Tagged Electric bike

SVETA NEDELJA, Croatia (BRAIN) — Porsche will acquire a majority interest in the Greyp e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, has held about a 10% stake in Greyp since 2018.

Tagged Electric bike / Mergers, Acquisitions & Investments

DENVER (PINKBIKE) — Guerilla Gravity is asking riders in the Denver area to keep an eye out for suspicious bikes after its headquarters was targeted by a break-in.

(VELONEWS) — John Karras, a former newspaper man who co-founded RAGBRAI, died Wednesday in Iowa. He was 91.

TAICHUNG, Taiwan (BRAIN) — Giant Group sales for the first three fiscal quarters of 2021 totaled NT$61.94 billion ($2.23 billion), an 18% increase over the period last year. Net income over the period grew 32/3% to NT$4.83 billion. Giant has set records for sales and profits in each quarter this year. 

Tagged Earnings/Financial Reports
Muneer Radi.

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: Does your shop sponsor a team or have an ambassador program? How effective is it?

Tagged State of Retail / From the Magazine

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation had its fifth consecutive quarter of record-breaking financial results, reporting a 94% increase in third-quarter revenue and 166% increase in net income year-over-year.

Tagged Earnings/Financial Reports
Yamaha CrossConnect.

IWATA, Japan (BRAIN) — Yamaha Motor Co. and Hero Motors Limited will invest €2.5 million ($2.9 million) on a joint venture company to manufacture hub-mounted drive units for e-bikes. The partnership will officially take place at the end of the month, with Hero holding a 90% stake.

Tagged Electric bike

WASHINGTON (BRAIN) — ABUS is recalling about 790 youth helmets because they do not comply with Consumer Products Safety Commission standards.

(BRAIN) — A climate sustainability expert who has examined bike brands' claims said Trek Bicycle should be applauded for producing a sustainability report that looks at a wide array of its impacts.

Tagged DEI and Sustainability
Shop safety and education are key for success.

BOULDER, Colo. (BRAIN) — Now that PeopleForBikes and Call2Recycle have established the industry's first e-bike battery recycling program for U.S. retailers, proper training and equipment will be mandatory to ensure safe storage of expired packs returned to shops, according to a micromobility consulting group.

Tagged Electric bike

WASHINGTON (BRAIN) — More money for bike lanes, trail construction and climate change reduction will be available when President Joe Biden signs into law the nearly $1.2 trillion Infrastructure Investment and Jobs Act.

ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports segment — which includes its Bell, Giro, Blackburn and Quietkat businesses — saw a sales increase of 9% year over year, the company announced.

Pages

Subscribe to RSS - Industry News