Industry News

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.

Tagged Earnings/Financial Reports
It may happen — AFTER the boom.
Photo by Daisy Chen on Unsplash.

TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.

Tagged Supply chain
BLM employees speak out in an anonymous survey conducted by the Public Employees for Environmental Responsibility.

SILVER SPRING, Md. (BRAIN) — The Bureau of Land Management was plagued by increasing extremism, retaliation and employee intimidation, and political influence during the Trump Administration, according to a Public Employees for Environmental Responsibility anonymous survey of current and former employees.

The heart of Taichung.

TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.

Tagged Supply chain
"You are either at the table or you are on the menu," Specialized's Bob Margevicius tells Taiwan industry.
Bob Margevicius

TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table  — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.

Tagged Supply chain / Taipei Cycle Show

WASHINGTON (BRAIN) — Bicycle imports were up 49% by unit count in January, compared to January 2020. In dollars, imports were up 26% year-over-year. 

Tagged Supply chain
The Dutch company saw a sales increase of 17% last year.

HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.

Tagged Earnings/Financial Reports
Black History Bike Ride was created by Talib Abdullahi.

AUSTIN, Texas (BRAIN) — Route-finding app Ride Spot has teamed with Black History Bike Ride to raise money and create more routes and expand the city bike tour.

Tagged DEI and Sustainability

BRISTOL, Tenn. (BRAIN) — Huffy Corp. announced it also will sponsor NASCAR driver Chase Briscoe's No. 04 Roper truck in this year's Camping World Truck Series.

STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.

Tagged Coronavirus / Sea Otter Classic

NEW YORK (BRAIN) — Tour Central Park, which operates a bike rental operation in the city, is suing the landlord at its former Lower Manhattan location, charging that it engaged in "extortionate and predatory leasing practices," among other things.

UPDATED with the full video of Buttigieg's remarks and interview at the National Bike Summit.
The new DOT secretary tells the LAB there will be "a lot of energy coming from my office and my team to help move things along." But he didn't specifically list any initiatives.
Getty image.

German bike brand Canyon has asked owners of its new Aeroad CF SLX and CFR aero road bikes to stop riding them following Tuesday's incident at the Le Samyn race, when a portion of Mathieu van der Poel's handlebar broke and fell off during the race.

Tagged Racing & Sponsorship

PASADENA, Calif. (BRAIN) — A federal judge dismissed a case last week against the Los Angeles Department of Transportation about its collection of real-time data on micromobility users.

Tagged Electric bike

LONDON (BRAIN) — The UK investment firm Cairngorm Capital Partners LLP has made a strategic partnership and investment in Whyte Bikes Limited, a British brand founded in 1999.

Pete Buttigieg. Photo courtesy U.S. DOT.

WASHINGTON (BRAIN) — Transportation Secretary Pete Buttigieg will address the League of American Bicyclists' annual National Bike Summit on Wednesday. The four-day summit is being held virtually this year.

SAN FRANCISCO (BRAIN) — Ride-share company Lime announced a $50 million investment in e-bikes that includes upgraded hardware and plans to expand service to 25 more cities this year.

Tagged Electric bike

WASHINGTON (BRAIN) — A U.S. Patent and Trademark Office board has sided with Fox Factory and invalidated parts of a key SRAM patent on its X-Sync wide-narrow chainrings.

BRASELTON, Ga. (BRAIN) — Fox Factory’s bicycle-related business was up 22.4% last year, totaling $367 million.

And Fox's CEO said he's optimistic that demand for bikes — especially those with Fox suspension — will remain strong for the rest of 2021 and beyond. 

Tagged Earnings/Financial Reports

SEATTLE (BRAIN) — Despite not making a profit in 2020 because of the COVID-19 pandemic, REI Co-op will issue members member credits equivalent to what they would have earned. The credits are commonly referred to as member dividends.

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