Industry News
NEWARK, N.J. (BRAIN) — A federal judge has approved delaying the civil case against Samuel J. Mancini, the CEO of an investment group that planned to buy up several Italian cycling brands.
CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.
STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.
TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products.
NEW YORK (BRAIN) — Many of New York's tragic and highly visible fires have involved e-scooters and e-motorcycles. Does the distinction matter?
ATLANTA (BRAIN) — While several former employees of Wahoo Fitness have told BRAIN in recent days that they had been laid off, the company on Tuesday announced it had purchased RGT Cycling, a virtual cycling platform.
TOKYO (BRAIN) — Sales in Shimano's bike-product division were up 14% in the first quarter, compared to the same period last year. However the company said the pandemic-driven bike boom "showed signs of cooling down."
STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales increased 20% despite continued pandemic hurdles — including global supply chain challenges, rising costs in raw materials and shipping, and employee absenteeism — and most recently the war in Europe.
NEW YORK (BRAIN) — Four fires sparked by lithium-ion batteries on lightweight electric vehicles Thursday prompted the FDNY to issue a statement afterward on its Twitter account about the dangers of improper charging and storing.
MONTEREY, Calif. (BRAIN) — Attendance at this month's Sea Otter Classic was about 71,000 people over four days, nearly 10,000 more than last October's event, but shy of pre-pandemic figures for the event. The event also accounted for $71 million in economic impact to Monterey County.
BROOMFIELD, Colo. (BRAIN) — QBP opened a larger and more energy efficient distribution center here that increases inventory capacity by more than 30% compared with its previous facility.
MADRID (BRAIN) — Spanish e-bike brand Crow Bicycles secured its first investment round, which it said it will use to consolidate international growth and further develop its lightweight R&D capabilities.
SAN FRANCISCO (BRAIN) — Lyft announced Tuesday an agreement to acquire global bikeshare equipment and technology supplier PBSC Urban Solutions. The transaction is expected to close in the second quarter of this year.
SALT LAKE CITY (BRAIN) — A Utah woman is suing Rad Power Bikes because she said her bike arrived with a loose stem that caused a crash that injured her hands and wrist.
DENVER (BRAIN) — The city has established a series of rebates for the purchase of an e-bike or e-cargo bike from participating bike shops that goes into effect on Friday as part of its Climate Action Rebate program.
LONG ISLAND, N.Y. (BRAIN) — Another of our industry’s elder statesmen has left us. Harry Manko died at 94 on April 13.
SEATTLE (BRAIN) — Rad Power Bikes has laid off about 100 workers as it closes most of its mobile services business and shifts to expanding its stationary retail store locations.
HARRISONBURG, Va. (BRAIN) — Lauf Cycling, an Iceland-based company making frames and forks for gravel riding, is opening a showroom and distribution center here.
Benedikt Skulason, the founder and CEO of Lauf, attended a City Council meeting Tuesday night.
BOULDER, Colo. (BRAIN) — For our April magazine edition, we asked our State of Retail panel members: What could suppliers do to make your life easier, and what are best-in-class suppliers doing that sets them apart?
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