Industry News
BENTONVILLE, Ark. (BRAIN) — PeopleForBikes announced at the SHIFT '22 conference on Tuesday the completion of its first Sustainable Packaging Guidebook that will be available to the industry at the end of the year.
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet laid off 15% of its workforce last week, the certified used bike and component retailer confirmed to BRAIN on Monday.
STOCKHOLM (BRAIN) — MIPS reported third-quarter net sales decreased 39% year-over-year, citing reduced demand for bike helmets in its Sport category.
SEYMOUR, Conn. (BRAIN) — As Sweden-based Thule Group's executives are warning investors of a sharp decline in sales and earnings due to a softening bike sector, the company's Americas division is making organizational changes that include 34 staff cuts in management, product development, and manufacturing.
DALLAS (BRAIN) — New e-bike brands arrive by the boatload these days, but, if for nothing else, Denago deserves a second look based on its all-star leadership team of industry vets.
ASHEVILLE, N.C. (BRAIN) — With Clint Spiegel leading an Industry Nine manufacturing tour, you'll need to hustle to keep up. His enthusiasm for what he and his team accomplish daily obviously puts a spring in his step. He's not so much in a rush as he is just excited to show and tell his company's story of quickly becoming one of the bike industry's most iconic and innovative brands.
SEYMOUR, Conn. (BRAIN) — Thule Group has made another unusual mid-quarter financial statement, warning investors that its revenues and profits will be down significantly in its third quarter due to over inventory in the bicycle retailer sector.
MADISON, Wis. (BRAIN) — C+A Global acquired Saris Cycling Group at a bankruptcy auction and will rename the brand Saris Equipment.
LAKE TAHOE, Calif. (BRAIN) — PeopleForBikes is urging land managers to allow the use of Class 1 e-bikes — but no other e-bikes — on all non-motorized, natural surface trails (including singletrack mountain biking trails) where traditional bicycles are allowed.
WASHINGTON — Injuries involving micromobility devices including e-scooters, hoverboards and e-bikes were up 127% between 2017 and 2021 according to a new report by the Consumer Product Safety Commission.
BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: What steps do you take to prevent smash-and-grab theft and protect digital information? What are the additional protections you would like to put into place to prevent theft?
WILMINGTON, Del. (BRAIN) — Wahoo Fitness is suing Zwift and JetBlack for allegedly infringing on three Wahoo patents related to its stationary trainers.
SEATTLE (BRAIN) — Rad Power Bikes denied that one of its e-bikes started a residential fire that caused property damage and led to a lawsuit being filed against the brand on Tuesday.
MADISON, Wis. (BRAIN) — Pon's Pacific Cycle has reduced its North American workforce in an attempt to restructure operations in response to what it called challenging economic conditions in the retail mass market segment.
NEW YORK (BRAIN) — Peloton has eliminated another 500 employees globally, in what the company's CEO termed "the final phase of the company's transformation journey."
PHILADELPHIA (BRAIN) — State Farm Fire & Casualty and State Farm Mutual Automobile Insurance Company is jointly suing Rad Power Bikes on behalf of an insured client for property damage after his Rad Power e-bike caught fire.
EL PASO, Texas (BRAIN) — Helen of Troy reported second-quarter net sales growth of 9.7% year-over-year, with its Home & Outdoor group experiencing an 11.8% increase.
BOULDER, Colo. (BRAIN) — PeopleForBikes on Tuesday released a final full agenda for its upcoming SHIFT '22 Conference in Bentonville, Arkansas.
(BRAIN) — The fourth annual Ebike Future Conference, an online event, will be held next week and boasts more than 50 speakers, including some well-known names in the U.S. industry.
MORGAN HILL, Calif. (BRAIN) — David Schriber, formerly with Nike, Burton, and Masterclass, will be joining Specialized as chief marketing officer effective Monday.
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