Industry News
DARMSTADT, Germany (BRAIN) — Markus Riese will step away from executive duties of e-bike manufacturer Riese & Müller and focus on innovation.
BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: Describe your store's social media usage and how it’s changed since the pre-COVID period?
GRAND RAPIDS, Mich. (BRAIN) — The trade and consumer event formerly known as Recumbent Cycle-Con has been renamed as Cycle-Con to reflect more openness to the conventional cycling community. The event will be held next month for the first time in two years because of COVID-related cancelations.
BOULDER, Colo. (BRAIN) — Austin Butler, 23, pleaded guilty to several felony accounts, including an organized crime charge.
AMSTERDAM (BRAIN) — Pon.Bike, owner of Cannondale, Cervelo, Santa Cruz, Gazelle and other brands, has announced plans to buy the Dutch e-bike brand Veloretti. Veloretti was founded 10 years ago and sells bikes consumer direct in Europe.
Wels, AUSTRIA (BRAIN) — Pierer Mobility AG — the Austrian company that owns Felt Bicycle and the Husqvarna, GASGAS and R Raymon e-bike brands — said its sales of e-bikes were down 12% in the first half, partly due to supply chain constraints.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products reduced its U.S. workforce by 6% on Wednesday, cutting jobs across all departments at its U.S. facilities.
The company said its U.S. and Canadian distribution centers remain fully operational.
DENVER (BRAIN) — Rob Wesson, a former vice president and general manager at Giro Sport Design, has joined Denver's Revved Industries as its president and CEO. Revved's former CEO, Ken Friedman, has moved to the company's Board of Directors.
PHILADELPHIA (BRAIN) — Bosch eBike Systems will conduct an hour-long session at next month's Philly Bike Expo, aimed at dealers, consumers and other industry members.
BOULDER, Colo. (BRAIN) — The new Outside Interactive vice president and general manager of its Cycling Group realized early on that the gap between being a strong junior downhill racer and an elite one was a bit too wide.
BALTIMORE (BRAIN) — A lawsuit in Maryland federal court alleges the front fork of a Mate.Bike folding e-bike failed as plaintiff Benjamin White rode off a curb, allegedly causing White severe injuries and permanent disfigurement.
NEW YORK (BRAIN) — Peloton Interactive reported a fourth-quarter net operating loss of $1.2 billion on Thursday as the indoor fitness company continues its downturn following rapid growth during the pandemic. It was the sixth consecutive quarter of reported losses.
FRANKFURT (BRAIN) — Stateside brick-and-mortar retailers don't get the warm and fuzzies at the mention of Wiggle and Chain Reaction Cycles, two UK-based e-commerce sites that were once notorious for selling discounted components into the U.S. market.
(CYCLINGTIPS) — Mike Burrows died last week at age 79 after two years of unsuccessful treatment for lung cancer. He was best known as the designer of the sleek carbon fiber Lotus bike that Chris Boardman rode to the UK’s first Olympic cycling gold medal in 72 years at the 1992 Barcelona Olympics.
NEW YORK (BRAIN) — Peloton will expand the distribution of its bike, Guide, and selected accessories and apparel to Amazon's U.S. stores. Bike delivery will be available to most in the U.S.
FREEHOLD, N.J. (BRAIN) — Cenntro Electric Group Limited acquired a minority interest in German e-cargo designer Antric GmbH.
(BRAIN) — When Specialized announced the re-launch of its Globe brand in May as an affordable electric bike purveyor focused on car-replacing transportation, the company released only one spy photo showing an e-bike obscured by cargo baskets and cactuses. While the e-bike's frame was largely hidden, one of the bike's features clearly was visible: a rear hub motor.
ASHEVILLE, N.C. (BRAIN) — The National Bike Dealers Association released its Cost of Doing Business Report for the first time in seven years and will follow up with a webinar next week on how to better understand and utilize its data.
FLETCHER, N.C. (BRAIN) — It's the kind of failure that can ruin a company, but for Cane Creek Components, its Double Barrel Inline rear shock debacle nearly 10 years ago led to a gradual reawakening of the brand. Call it a pivot point in its history.
PITTSBURGH (BRAIN) — Dick's Sporting Goods' second-quarter net sales declined 5% year-over-year and comparable store sales were down 5.1%.
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