Industry News

BROOKLYN, N.Y. (BRAIN) — Vela Bikes, an e-bike brand launched in Brazil 12 years ago, plans to move all its operations and manufacturing to the U.S. by early next year. The company is moving its headquarters to Detroit and will partner with Detroit Bikes to manufacture its bikes in the city.

Tagged Electric bike

GUNNISON, Colo. (BRAIN) — The International Mountain Bicycling Association has produced a one-page buyer's guide to help mountain bikers understand e-bike technology, regulations, and other issues before they buy an e-bike. 

Tagged Electric bike / Advocacy/Non-profits

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.7% in the third quarter and raised full-year guidance.

Net sales for the quarter ending Oct. 29 were $3 billion, up from $2.7 billion from the same time last year. Comparable store sales increased 6.5%.

Tagged Earnings/Financial Reports

SUN VALLEY, Idaho (BRAIN) — Now in its fifth year to support women's brands, Women-Led Wednesday 2022 carries more significance than ever in light of the abortion rights debate this year, said the CEO of Women-Led Wednesday and Wild Rye mountain apparel company, Cassie Abel.

(BRAIN) — FSA and Vision is reporting an increase in websites and e-commerce sites that refer to both brands without authorization.

Both are reminding the industry the only official company websites are:

Left to right: Nyle Nims, Pat Cunnane and Dennis Schöemburg.

AMES, Iowa (BRAIN) – Messingschlager USA has named industry veteran Pat Cunnane as its CEO. Cunnane most recently was president and chief operating officer of Yuba Bicycles.

Founder Mike Radenbaugh will become chairman of the board.

SEATTLE (BRAIN) — Mike Radenbaugh, who built his first e-bike in his garage 15 years ago, will step down as Rad Power Bikes CEO and transition to chairman of the board to focus on e-bike advocacy and innovation.

Tagged Electric bike

LONDON (VELONEWS) — Rapha's CEO William Kim will step down, with Francois Convercey and Daniel Blumire taking over as joint managing directors, the company announced.

(CYCLINGTIPS) — The scammers are at it again. Sramcycling-dot-com is the latest in a string of websites offering cycling components at prices just too good to be true.

ASHEVILLE, N.C. (BRAIN) — Kitsbow Cycling Apparel has emphasized community since relocating three years ago from California to the tiny textile town east of here in Old Fort. From helping with a mural project celebrating efforts to desegregate schools in the South to creating living wage jobs, Kitsbow quickly became a neighborhood business leader.

BOULDER, Colo. (BRAIN) — Outside Inc., the parent company of BRAIN, VeloNews, Pinkbike, Cyclingtips and other cycling-related titles and events, announced a round of staff layoffs Wednesday.

 

Tagged Media/Publishing / BRAIN News
SaferCharging held a news conference Monday.

NEW YORK (BRAIN) — New York fire officials say they agree with five bills that the City Council is considering to address lithium-ion battery fires. A group calling for solutions to the city's charging-related fires held a news conference before the meeting.

Tagged Electric bike
Jannie Fitzgerald.

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: How’s inventory, and what preparations are you making for the end-of-year sales season?

WILTON, Conn. (BRAIN) — Cannondale announced a new global unified organizational structure that will eliminate regional general managers and, the company said, leverage Pon.Bike to enhance operations and growth.

DESDEN, Germany (BRAIN) — German e-commerce retailer Bike24 had third-quarter sales of 72.6 million euros ($73.8 million), up 12.9% from the same period last year.

Tagged Earnings/Financial Reports

CAPE TOWN, South Africa (BRAIN) — Protective gear brand Leatt Corporation reported an 18th consecutive quarter of growth with third-quarter revenue increasing 5% year-over-year.

Tagged Earnings/Financial Reports

(BRAIN) — TheInformation.com, a tech trade title, is reporting that Sequoia Capital's China wing has made a recent investment in the e-bike brand Aventon. The investment would value the company at $590 million, according to the report, which cites two anonymous sources.

Tagged Electric bike / Mergers, Acquisitions & Investments
Fire officials speak to the media following Saturday's fire. FDNY Instagram photo.

NEW YORK (BRAIN) — The City Council will discuss five proposed legislative bills about lithium-ion battery fire safety next week in response to the outbreak of incidents this year.

Tagged Electric bike
Getty stock image.

NEW YORK (BRAIN) — COVID-19, massive consumer demand, and the war in Ukraine have upset the industry's supply chain in recent years. Rough seas also played a part.

Tagged Lawsuits/legal / Supply chain / Broken Chain

CHICAGO (BRAIN) — SRAM informed dealers that it's allowing a temporary deviation from retail pricing guidelines in the U.S. market on just under 200 SKUs. The promotion goes through Dec. 31.

Pages

Subscribe to RSS - Industry News