Industry News
MONTREAL (BRAIN) — ARG Sports Inc. will distribute Italian protective wear brand Dainese in Canada. The partnership will work to bring MAP pricing to IBD, B2C, and e-commerce clients.
(BRAIN) — Two China-based e-mobility manufacturers applied to the Trade Remedies Authority (TRA) for new status to pay a lower anti-dumping import tariff rate to export into the United Kingdom.
NEWARK, N.J. (BRAIN) — Cycling industry investor Samuel Mancini, originally scheduled to be sentenced Aug. 17 after pleading guilty to one count of securities fraud, will now be sentenced on Nov. 17.
BENTONVILLE, Ark. (BRAIN) — After its planned launch was interrupted by COVID for two years, the first Cycle of Influence Summit will be held next month in this fast-growing cycling town.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: What software do you use for your point of sales system? What do you like/dislike about it?
LOUISVILLE, Colo. (BRAIN) — Who else can claim the varied and impactful career accomplishments of Lennard Zinn? Zinn Cycles has sold more than 2,000 frames and complete bikes in every conceivable size and five frame materials. He's sold more than 800,000 Zinn and the Art of ... repair books. He's been an editor and contributor to numerous publications, primarily VeloNews.
CHANHASSEN, Minn. (BRAIN) — Life Time, a fitness center operator that also owns the Sea Otter Classic, the Leadville 100, Unbound Gravel and other bike events, reports that revenues were up 50% in the first half of 2022 as its fitness facilities re-opened and events resumed after COVID-19 closures.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue increased 25% year-over-year, the 17th consecutive quarter of growth.
DRESDEN, Germany (BRAIN) — Germany-based bike e-commerce retailer BIKE24 said its sales were up just 1% in the first half of its fiscal year to 128.8 million euros ($132 million) amid what the retailer called "a challenging environment." The company pointed to its expansions into the French, Spanish and Italian mark
NEW YORK (BRAIN) — Emerald Expositions, the owner of the Outdoor Retailer shows and Interbike, saw its revenues rebound 376% in the second quarter as trade shows resumed following two years of COVID cancellations.
ATLANTA (BRAIN) — Wahoo announced Tuesday the formation of a proprietary Sports Science facility in Boulder, Colorado, that will be led by coaches, sports scientists, and specialists. The fitness technology company's aim is to become the "global leader in smart fitness and training."
DENKENDORF, Germany (BRAIN) — Canada's Bombardier Recreational Products has taken a majority share in Pinion GmbH, the German maker of gearbox drivetrains for bikes and e-bikes.
BRP is the owner of Ski-Doo and Sea-Doo, among other brands, including Rotax and Great Wall Motor Austria powertrain systems.
WESTPORT, Conn. (BRAIN) — Compass Diversified, the parent of BOA Technologies, PrimaLoft and Lizard Skins, among other brands, announced sales growth of 19% in its second quarter.
DULUTH, Ga. (BRAIN) — Revenues in Fox Factory’s bicycle-related businesses were up 35% in the first half of the year compared with the same period last year. Sales in the division, which includes business under the Fox suspension, Easton, RaceFace and Marzocchi brands, totaled $348 million.
TAIPEI, Taiwan (BRAIN) — Giant Group announced its first half consolidated sales were NT$45.01 billion ($1.5 billion ), a 7.2% increase over the first half last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period.
LOS ANGELES (BRAIN) — The parents of a 12-year-old girl who later died from injuries suffered while riding as a passenger on a Rad Power Bike in 2021 filed a wrongful death suit Monday against the Seattle brand and helmet-maker Giro Sport Design.
OTTOBRUNN, Germany (BRAIN) — Porsche announced it will develop an e-bike drive system in the next few years, collaborating with Pon Holdings' Ponooc Investment B.V.
GOLDEN, Colo. (BRAIN) — Feedback Sports will move to a new and larger location nearby that's nearly double the size and expected to be open by Sept. 1.
WASHINGTON (BRAIN) — The Inflation Reduction Act of 2022, announced after a surprise agreement this week between Sen. Joe Manchin III and Senate Majority Leader Charles E. Schumer, does not contain an electric bike tax credit and other bike-related measures included in President Joe Biden's original Build Back Better Act.
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