Industry News

Giant's revenue over the last 3 quarters is up 5%.

TAICHUNG, Taiwan (BRAIN) — Giant Group continues to post strong growth in revenue through the first three quarters of the year, driven by a 40% increase in European sales of its e-bikes.

Tagged Earnings/Financial Reports

CAPE TOWN, South Africa (BRAIN) — Leatt Corp.'s third quarter was its strongest ever, according to its chief executive officer, with the protective gear brand's global revenue increasing 12% compared to the same time last year.

Tagged Earnings/Financial Reports
Bafang's production line in Poland, photo courtesy of Bafang.

SHANGHAI, China (BRAIN) — Bafang Electric has debuted on the Shanghai Stock Exchange, selling 30 million shares on the capital market and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the company's total share capital.

Tagged Earnings/Financial Reports
This Lyft e-bike caught fire in July. Photo courtesy Zach Rutta.

SAN FRANCISCO (BRAIN) — Lyft's bike-sharing service will return to the San Francisco area in December, four months after e-bike battery fires forced the fleet off the streets.

Tagged Bikeshare / Electric bike
The CatEye Velo7 bike computer.

WASHINGTON (BRAIN) — The Trump administration has granted a tariff exclusion to importers of some bike computers from China thanks to a request from CatEye America. However it denied a California nonprofit organization's request for an exclusion for China-made kids bikes. 

Tagged Tariffs
Bulls Bikes' new Alpine Hawk EVO features the Fazua Evation drive system.

MUNICH (BRAIN) — German e-bike motor company Fazua has announced a list of preliminary OEM partners in the U.S. for 2020.

Tagged Electric bike
Ned Overend and Gaige Sippy join Kristin Carpenter to talk about retailer Ed Zink's role in shaping the evolution of mountain bike racing and events.
Ed Zink

(BRAIN) — On this episode of the Channel Mastery podcast, co-produced by BRAIN, host Kristin Carpenter pays tribute to Ed Zink, the owner of the award-winning specialty bike store, Mountain Bike Specialists in Durango, Colorado.

STOCKHOLM (BRAIN) — Net sales for MIPS continue to increase in 2019, with the helmet technology company reporting 38% growth during the first nine months.

Tagged Earnings/Financial Reports

MONTREAL (BRAIN) — Dorel Sports reported third-quarter revenue increased 14.2% from the same time last year, while Dorel Industries Inc. earnings as a whole jumped 2.3% during the same period.

Tagged Earnings/Financial Reports
Randy Ross in a Randy Ross Stepper bike video.

MIAMI (BRAIN) — Two members of the Ross family, whose last name was emblazoned on millions of bikes in the last century, want to bring the brand back to the market. One big problem? The family gave up the trademark in a bankruptcy court more than 30 years ago.

NEW YORK (BRAIN) — Sales by Vista Outoor's action sports brands, which include Bell and Giro, were flat in the company's second quarter, ending Sept. 29.

Quarterly revenue in the category totaled $83.9 million, down less than 1% from the period last year, when the category registered $84.7 million.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro Inc. third-quarter revenues dropped 54.1% compared to the same time last year, a development the company expected because of a production delay.

Tagged Earnings/Financial Reports

BELLINGHAM, Wash. (BRAIN) — Boutique mountain bike manufacturer Canfield Brothers rebranded as Canfield Bikes and will manufacture new bikes that will be available early next year.

Ross was to New York what Schwinn was to Chicago.
A Ross Bicycles ad from the 1980s.

For decades, Ross was the third-best-known brand in the U.S. bicycles, behind Schwinn and Huffy, and slotted between those two in volume, price point, and distribution channels.

Steven Goldmeier (left) with Alex, Alex's college friend, his mom Debbie, and his sister Julie (far right)

NEW YORK (BRAIN) — On President's Day weekend last year, the Goldmeier family got news that changed it forever.

Julie Ann Pedalino of Pedalino Bikes won the Expo's People's Choice award.

PHILADELPHIA (BRAIN) — Nearly 5,000 people attended last weekend's 10th annual Philadelphia Bike Expo that featured 200 vendors.

Tagged Consumer Expos and Rides

CHICAGO (BRAIN) — Organizers of the CABDA trade shows are planning an industry summit event to be held at Florida's Disney World Resort in early November next year. 

NEW YORK (BRAIN) — Peloton's subscription revenue increased 103% in its first quarter as a public company, compared to the same quarter last year, the company reported Tuesday.

Tagged Earnings/Financial Reports
Following the release of a sobering bike fatality report, the federal board discussed countermeasures at a hearing Tuesday.
Photo by Ross Sneddon on Unsplash

WASHINGTON (BRAIN) — The National Transportation Safety Board on Tuesday adopted an amendment recommending all 50 states pass laws requiring bicyclists of all ages to wear helmets.

MADRID (BRAIN) —Trainer and software brand Bkool has sold its hardware rights to a fellow Spanish indoor training company, Versa design, which markets the Zycle brand of trainers. Versa will rebrand the BKool trainers under the Zycle brand while BKool focuses on its cycling simulation software business. 

Tagged Mergers & Acquisitions


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