Industry News
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue slid 18% year-over-year with retail and online channels decreasing 19% and 16% respectively.
MUKWONAGO, Wis. (BRAIN) — A liquidator is auctioning the remaining assets of Fuell Inc., an e-bike and e-motorcycle brand founded by motorcycle innovator Erik Buell that entered Chapter 7 bankruptcy last October.
BOULDER, Colo. (BRAIN) — Stuart Walsworth, husband of PeopleForBikes' president and CEO, Jenn Dice, died following a mountain bike ride Aug. 1 in Colorado. Funeral services for Walsworth, who was 58, will be Sunday at Greenwood & Myers Mortuary in Boulder.
TAIPEI (BRAIN) — Giant Group says its inventory-to-asset ratios have returned to "healthy pre-pandemic standards" following an inventory streamlining program. The company also said sales to its original equipment customers were up 30% in the first half of its fiscal year.
DULUTH, Ga. (BRAIN) — Fox Factory produced sales increases across all three of its divisions in the second quarter, with sales in its Specialty Sports Group — which includes its bicycle-related brands — up 11% over the same period last year.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its fourth consecutive period of growth with revenue increasing 61% in the second quarter led by double-digit expansion in all major product categories.
WASHINGTON (BRAIN) — Bicycle imports fell 11% in value in the first half of 2025, according to figures released by the Census this week. As the industry attempted to respond to tariff news out of Washington, its source nations changed significantly.
KOBLENZ, Germany (BRAIN) — Canyon’s sales in the first half were 398 million euros ($464 million), down about 5% from the first half last year.
TOKYO (BRAIN) — Shimano has revised its full-year forecasts due to a discrepancy between its second quarter results and the results it forecast for that period. The company also said a proposed settlement to a U.S. class action lawsuit over its crank recall is "reasonable."
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is calling on manufacturers, distributors, and retailers to adopt UL standards for e-bikes, lithium-ion batteries, and other e-mobility devices.
HONOLULU (BRAIN) — It's been one year since Marie Jobes launched HIdrate Electrolytes, a Hawaii-made and woman-owned hydration drink company. Designed for athletes training and racing in humid climates, the drink mix debuted at the Hapalua Half Marathon on the island of Oahu in 2024.
WASHINGTON (BRAIN) — New tariffs affecting nearly every U.S. trade partner were announced by the White House hours before the Friday "reciprocal" tariff deadline, including major bike supplying nations. The tariffs will take place Aug. 7, with the exception of Canada.
WASHINGTON (BRAIN) — President Trump signed an executive order that will eliminate the $800 import threshold for goods from all countries beginning Aug. 29, including e-bikes, lithium-ion batteries, and related bike parts and accessories that are often hazardous.
FRANKFURT (BRAIN) — Eurobike will be shortened next year with the consumer festival being reduced to one day to reduce costs. The Fairnamic GmbH’s trade show organization made the announcement, saying it’s reacting to the changing global bike industry and offering a more compact and cost-effective event.
PARIS (BRAIN) — The French bike industry is on the verge of big changes due to the recently announced plans of the national government to create conditions for almost doubling of domestic production of bikes and more active popularization of cycling in the country in years to come.
CLAYTON, Ga. (BRAIN) — Novatec Wheels U.S. Inc. has ceased operations as of a month ago, the company announced on Wednesday.
OLATHE, Kan. (BRAIN) — Demand for fitness products helped Garmin Ltd. report record consolidated revenue for the second quarter, and the company also announced the acquisition of MYLAPS, a Dutch integrated timing company for running, cycling, and motorsports.
CEDARVILLE, Ohio (BRAIN) — Sojourn Cyclery has been at trade shows before, but for the first time at the two-day Philly Bike Expo in March, owner Jay Kinsinger set up a workshop at his booth to give attendees a tiny glimpse of what goes into manufacturing a custom wooden frame.
OSAKA, Japan (BRAIN) — Shimano bike division net sales in the first half increased 11.6% year-over-year with the component giant saying strong global interest continues despite inventory remaining high in some regions. In North America, Shimano said retail sales of bikes remained weak while inventory was appropriate.
WESTLAKE VILLAGE, Calif. (BRAIN) — Fax machines and flip phones are yesterday's technology to most, but for those still using them, there's comfort in their familiarity. John Quintana understands. He spent several years focusing on upgrading one of this industry's oldest and most overlooked standards: Presta and Schrader inflation valves and the pump heads that affix to them.
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