Industry News

The PHIT Act would allow consumers to deduct some fitness-related costs on their federal income taxes.

WASHINGTON (BRAIN) — The Sports & Fitness Industry Association is urging the Senate to pass the Personal Health Investment Today Act during its lame-duck session this fall. The PHIT Act passed the House in July.

Charis (center) with Kubancsek (l) and Peterson (r).

INDIANAPOLIS (BRAIN) — Marian University has announced the first recipient of its cycling team mechanic scholarship: Charis Lott of Fortville, Indiana. Marian, consistently one of the top schools in collegiate cycling, believes its team mechanic scholarship is the first of its kind in the nation.

Camille Hung at Taipei Cycle. Photo: Jo Beckendorff

HO CHI MINH CITY, Vietnam (BRAIN) — Before the start of any U.S. and EU discussions of tariffs on e-bikes out of China, Taiwan frame builder Astro Engineering Co. Ltd. started to increase its aluminum and carbon frame production capacity in Vietnam.

Tagged Trade/tariffs / Electric bike / Taipei Cycle Show

PITTSBURGH (BRAIN) — Dick's Sporting Goods has reported an increased consolidated net income of $37.8 million for the third quarter ended Nov. 3, compared with $36.9 million during the same period in 2017.

Tagged Earnings/Financial Reports

LONGMONT, Colo. (BRAIN) — You may have noticed a new section at the top of our homepage: "For the Record." Here's what it's all about.

Tagged BRAIN News

WASHINGTON (BRAIN) — Rails-to-Trails Conservancy has hired Ryan Chao, currently the vice president of the Center for Civic Sites and Community Change at the Annie E. Casey Foundation, as the organization's third president. Chao will join RTC on Jan. 28.

Tagged Advocacy/Non-profits
Eurobike’s Media Days event returns to Italy’s Dolomite Mountains in 2019.

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike has set the dates for the fifth edition of its Media Days event, which will be held July 2-4, 2019, at Kronplatz Mountain in South Tyrol, a region in the Dolomite Mountains in Northern Italy.

Tagged Eurobike

BERGAMO, Italy (BRAIN) — Early Monday morning a group of masked robbers entered the 3T headquarters building here and stole all of the brand's display and demo bikes, including an Exploro frame painted by the late Dario Pegoretti.

AIMERE, Netherlands (BRAIN) — Pon Holdings has purchased 338,121 ordinary shares in Accell Group N.V., giving it a total of 5,332,769 ordinary shares, representing 20 percent of the company's shares. 

BENTONVILLE, Ark. (BRAIN) — Attendees of the 2016 IMBA World Summit who returned to Northwest Arkansas this October for the advocacy group's Dirty 30 anniversary celebration had a nice surprise waiting for them: more than a hundred miles of new trails that weren't around when they visited just two years earlier.

It doesn't take a CPA to figure out the rate of growth.

E-bike sales up 46 percent year to date.

BOULDER, Colo. (BRAIN) — U.S. wholesalers sold 7 percent fewer bikes through the first 10 months of 2018 compared with the same period last year. But the dollar value of those bikes was up nearly 6 percent, reflecting a higher average cost per bike.

WASHINGTON, Missouri (BRAIN) — A new center that will provide a number of services for light electric vehicles, including e-bikes, is slated to open next week just outside of St. Louis.

Tagged Electric bike
2018 grant winner Front Yard Bikes.

ST. PAUL, Minn. (BRAIN) — For the fourth consecutive year, Park Tool is accepting applications for its Community Grant Tool Program, which is designed to help local nonprofit cycling organizations worldwide get the tools and repair products they need.

BOULDER, Colo. (BRAIN) — The Bicycle Product Suppliers Association and PeopleForBikes are collecting data from the industry as the groups prepare to apply for exemptions from the 25 percent tariffs on Chinese-made e-bikes and e-bike motors imposed in August.

Tagged Trade/tariffs

LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.

Tagged Mergers & Acquisitions

OREFIELD, Pa. (BRAIN) — Olympic cycling medalist Marty Nothstein has conceded defeat in a special election being held to fill a vacant U.S. House seat. 

Store closings expected. CEO says ASI brands, including Fuji, SE, Kestrel and Breezer, "will survive."

CHAPEL HILL, N.C. (BRAIN) — Advanced Sport Enterprises, the 2-year-old company that is parent to the Performance Bicycle retail chain, Bike Nashbar and distributor ASI, filed for Chapter 11 bankruptcy protection Friday morning.

Tagged ASE Bankruptcy

LAGUNA BEACH, Calif. (BRAIN) — Crankbrothers has hired Megan Tompkins as its new global marketing director.

SQUAMISH, British Columbia (BRAIN) —  7mesh Apparel has appointed John Zopfi to the newly created position of general manager EMEA (Europe, Middle East, Africa). He has more than two decades of experience in the outdoor apparel business.

Cervelo's display at Interbike in 2017.

AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.

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