Industry News
MILAN (BRAIN) — Investment holding company Italmobiliare is acquiring the cycling and motorcycling footwear company Sidi Sport for 66 million euros ($66.8 million).
OLATHE, Kan. (BRAIN) — Decreased demand in cycling and advanced wearable products led to a 6% year-over-year revenue decline for Garmin Ltd. in the second quarter.
OSAKA, Japan (BRAIN) — Shimano Inc.'s bike-related sales were up 17.2% in the first half of the year compared to the same period last year, while the company's operating income in its bike segment increased 20.2%.
AMES, Iowa (BRAIN) — Messingschlager USA acquired U.S. distribution rights to KTM Bike Industries.
EATONTON, Ga. (BRAIN) — The North American Handmade Bicycle Show, which has not been held since 2019 because of the pandemic, is postponing its planned 2022 show due to lack of interest from exhibitors. The organizer says the show will be back for 2023.
(BRAIN) — Fitness wearable maker Whoop and e-bike brand Rad Power each had layoffs this week.
STOCKHOLM (BRAIN) — Thule Group reported a year-over-year 2.6% net sales increase, saying global supply chain challenges, the Russian invasion of Ukraine, and raw material price increases continue to affect its operations.
STOCKHOLM (BRAIN) — MIPS' second-quarter net sales increased 45% year-over-year with the Sport category driven by snow helmet demand and less by bike helmets.
DENVER (BRAIN) — The first national e-bike trade show announced Wednesday that the National Bicycle Dealers Association and PeopleForBikes will partner with the event.
(BRAIN) — GT Bicycles announced Tuesday that Jason Schiers has been named managing director. Schiers will oversee the brand's strategy and future vision.
FRANKFURT (BRAIN) — Organizers claimed success for the first Eurobike to be held in Frankfurt, which wrapped up Sunday.
FRANKFURT (BRAIN) — Some 29 years after selling his bicycle company to Trek and going to work for the Wisconsin brand, Gary Fisher has now been separated from the company since March. At Eurobike, Fisher said he's enjoying being an independent entity again.
CHEROKEE, N.C. (BRAIN) — E-bike access on non-motorized trails might be a controversial topic for many land managers, but not to Jeremy Hyatt. As secretary of operations for the Eastern Band of Cherokee Indians, Hyatt has the authority to allow e-MTB access on the Fire Mountain Trail system. Hyatt spearheaded building the system on Cherokee land that's surrounded by more-restrictive National Forest land.
Super lightweight. Ten-minute charge time. Double the range. Less likely to burn down your store. If I could promise you all that in an e-bike battery, how quickly would you be putting in an order?
COLORADO SPRINGS, Colo. (BRAIN) — Jeff Pierce will succeed Chris Carmichael as Carmichael Training Systems CEO. Carmichael, who founded the company in 2000, will remain as chairman and chief endurance officer.
Since our first Big BRAIN 10 survey last March, two bicycle brands (Pon and Specialized) have entered the list to replace three IBDs purchased by suppliers (Mike’s Bikes by Pon, Mike Olson’s San Diego and Portland stores by Trek, and David’s World Cycle by Trek).
DURANGO, Colo. (BRAIN) — John Siegrist, one of the best-known custom frame builders of the 1990s mountain bike boom and beyond, has joined his son, David, to launch a new frame building business called Sanitas. Sanitas is building custom frames in steel and titanium for consumers and on an OE basis for several boutique brands.
GOLDEN, Colo. (BRAIN) — Alchemy Bikes opened its new U.S. headquarters here and will offer a free overnight stay with the purchase of a bike. Celebrating the move from Denver, Alchemy teamed with Origin Hotel Red Rocks and other local businesses to create the buyer experience called DARE: Golden Package.
FRANKFURT (BRAIN) — Brooklyn Bicycle Co. announced at Eurobike Wednesday that Ikandomore ApS, a Danish distribution company, will distribute Brooklyn bikes and accessories to independent bike shops across Europe. At Eurobike, Ikandomore is offering Brooklyn bikes for pre-order for spring 2023 shipment.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: What are the most — and least — effective things you’ve done to engage with customers and keep them riding?
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