Industry News

Revised treaty should end cheap Chinese shipping to the U.S., which U.S. retailers and suppliers applaud.

GENEVA (BRAIN) — The U.S. elected to remain in the Universal Postal Union after an agreement was reached Wednesday, allowing it to better compete with China and other developing countries who ship products to the U.S. at lower rates.

LONGMONT, Colo. (BRAIN) — Facebook, apparently in an effort to curtail foreign influence in U.S. elections, made a Colorado bike accessory brand jump through regulatory hoops before letting it promote its "Bidon 2020" water bottles on the social network site.

NEW YORK (BRAIN) — Peloton, which priced shares at $29 in its IPO Wedneday, fell to $27 per share when the market opened Thursday morning on the Nasdaq.

In the IPO, the company raised $1.16 billion, giving it a valuation of $8.1 billion. 

YORKSHIRE, United Kingdom (BRAIN) — Bike racing avatars will presumably earn the right to don virtual rainbow jerseys following the first UCI Cycling Esports World Championships, to be held next year.

Tagged Racing & Sponsorship
UPDATED
Richard Bryne holds an early Speedplay pedal. BRAIN photo.

ATLANTA (BRAIN) — After nearly 30 years of entertaining purchase offers, Speedplay co-founders Richard Bryne and Sharon Worman finally chose one to accept.

TEMPE, Ariz. (BRAIN) — While requests are still being accepted, so far just five importers asked for their products to be excluded from new tariffs. One of them, State Bicycle Co., received the exclusion.

Tagged Tariffs
UPDATED: Still some uncertainty whether e-bikes were granted the exclusion.
Singlespeed bikes like this State 4130 are no longer subject to an extra 25% import duty.

WASHINGTON (BRAIN) — Singlespeed adult bikes and, apparently, e-bikes, have earned an unexpected reprieve from tariffs imposed by the Trump administration last year.

Tagged Tariffs

WASHINGTON (BRAIN) — A California congressman helped push through a bill that would award Greg LeMond a Congressional Gold Medal. The bill passed the House Thursday and now heads to the Senate.

Rep. Mike Thompson, a Democrat who represents California's 5th district, sponsored the bill.

Tagged Racing & Sponsorship

SAN DIEGO (BRAIN) — NiteRider has launched its first ever B2B website and a new line of military grade tactical flashlights.

The new B2B site allows dealers to place orders 24/7, while also allowing them to check order status and download all current sales collateral with just a click of the mouse.

The State Bicycle 4130.

TEMPE, Ariz. (BRAIN) — State Bicycle Co., a consumer direct bike brand, recently moved production of two of its most popular models to Taiwan from China to lessen the effects of tariffs during the ongoing U.S.-China trade war.

Tagged Tariffs

LONDON (BRAIN) — Science in Sport, marketer of the SiS brand of sports nutrition, reports group revenue increased 150% in the first six months of this year compared to the same period last year.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — Retailers who have opinions and want their voice to be heard, listen up: Bicycle Retailer and Industry News seeks retailers for its 2019-20 State of Retail panel.

BOSTON (BRAIN) — Bollé Brands, which Vista Outdoor sold last year, has acquired the Spy Optic brand.

Spy Optic, which designs, markets and distributes sunglasses, goggles, helmets and prescription eyewear, joins Serengeti, Cébé and H2Optix within the Bollé Brands portfolio. 

Tagged Mergers & Acquisitions
Mark Satkiewicz

BOULDER, Colo. (BRAIN) — Mark Satkiewicz has long been a part of the outdoor and cycling community, most notably as the former CEO of Smartwool. Last month he made news again as co-founder of SBT GRVL, a new gravel event in Steamboat Springs, Colorado.

SAUSALITO, Calif. (BRAIN) — Fantic USA, the North American subsidiary of the Italian e-bike manufacturer, is opening new headquarters in Denver, Colorado. 

Tagged Electric bike
CrankTank plans a new media event to be held in conjunction with the Dirty Kanza in 2020.

KETCHUM, Idaho (BRAIN) — Marketing and event company CrankTank is planning a new media event to be held in conjunction with the Dirty Kanza gravel event in Emporia, Kansas, next year.

Tagged Media/Publishing / Impact Media Summit
Items on tariff lists 1, 2, and 3 were set to increase from 25% to 30% on Oct. 1. On Wednesday, President Trump said that increase will be delayed until Oct. 15.

WASHINGTON (BRAIN) — President Donald Trump on Wednesday tweeted that a planned increase in tariffs on Chinese goods, including many bike products, will be delayed 15 days.

Tagged Tariffs
A photo from Guettler's complaint in court records.

LOS ANGELES (BRAIN) — X Games medalist Ryan Guettler is suing Hyper Bicycles and Walmart over use of his image in a photograph on the packaging of some Hyper accessories sold at Walmart stores.

The DH7 Derailleur features a locking B-knuckle at the hanger called the Hall Lock.

FRIEDRICHSHAFEN, Germany (BRAIN) — Tektro Racing Products has moved beyond its brake specialty to release a 1x7-speed drivetrain for gravity bikes, which it revealed last week at Eurobike. The drivetrain was the first of several new products on TRP's horizon in the next two years.

Tagged Eurobike

MORGAN HILL, Calif. (BRAIN) — The Specialized Foundation, a 501c3 nonprofit launched in 2015, has changed its name to Outride and launched an expansion and a fundraising platform as it looks to expand beyond its founding sponsor, Specialized Bicycle Components.

Tagged Advocacy/Non-profits

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