Industry News

Sixty-day comment period beginning Thursday will allow the public to voice opinions.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission voted Friday to seek public comment on whether bicycle safety requirements are outdated and if they adequately address e-bikes. In addition, Commissioner Mary T. Boyle requested the agency's technical staff conduct a study of e-bike "hazard patterns."

Tagged Electric bike

NEW YORK (BRAIN) — The e-bike rental platform Whizz will provide 100 free helmets each month for the city's last-mile delivery workers for at least the next six months.

Tagged Electric bike

PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.

Tagged Earnings/Financial Reports

BRUSSELS (BRAIN) — Belgium e-bike brand Cowboy announced plans Monday to start a European bike shop network to increase its retail and service presence and complement online sales channels. Its goal is to have 300 new retailers in 60 European cities by the end of the year.

Tagged Electric bike

FORT WORTH, Texas (BRAIN) — Tucker Powersports is now the exclusive distributor of Rambo Electric Bikes, a brand appealing to hunters and outdoor enthusiasts.

Tagged Electric bike

LONDON (BRAIN) — Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.

Tagged Electric bike / Mergers, Acquisitions & Investments

ATLANTA (BRAIN) — Wahoo Fitness says it has eliminated all its debt with a recapatilization from new and current investors. 

TAIPEI (BRAIN) — Taiwanese bike makers Giant Group, Ideal Bike Corporation and Merida Industry Co., LTD each released their first-quarter earnings reports this month.

Tagged Earnings/Financial Reports
Molly Lehman.

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What kind of benefits and perks — if any — are offered at your shop? Which benefits are the most meaningful for recruiting and retaining staff?

Tagged From the Magazine

TAIPEI, Taiwan (BRAIN) — Giant Group has ended plans to invest about $20 million to take about a third share in Stages Cycling because the companies were unable to reach definitive agreements on the deal, according to documents Giant has filed with the Taipei stock exchange.

Tagged Mergers, Acquisitions & Investments

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation experienced a swift decline in first-quarter revenue compared with its record-breaking prior year period with CEO Sean Macdonald citing "supply chain dynamics" and "challenging stocking and inventory issues."

Tagged Earnings/Financial Reports
In Zwift case, Wahoo asks to redact information about trainer market and its financial condition.

ATLANTA (BRAIN) — Wahoo Fitness has reached a settlement with a Nevada inventor who sued the company in 2015 alleging that its Kickr trainer infringed on his patent. The inventor’s suit against Foundation Fitness (the owner of Stages Cycling) also is close to a settlement. 

The brand will restore product pricing to pre-pandemic levels.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue decreased 19.4% year-over-year, but founder and CEO Nicholas Woodman said the company exceeded expectations for product and subscription service demand.

Tagged Earnings/Financial Reports
Mr. Otter was up for selfies at the show.

MONTEREY, Calif. (BRAIN) — Organizers of the Life Time Sea Otter Classic say total attendance at this year's show was 76,500, up from 71,000 last year and with a significant increase in the number of corporate brands and exhibitors at the event's expo.

Tagged Sea Otter Classic

MALLABIA, Spain (BRAIN) — Orbea has doubled its workforce in the last three years and now has more than 1,000 employees, with 80% of the in Spain's Basque Country.

Tagged Earnings/Financial Reports
Lizard Skins is celebrating 30 years in business this year.

WESTPORT, Conn. (BRAIN) — Compass Diversified (CODI), the owner of Boa, Lizard Skins, PrimaLoft and other brands, had net sales of $542 million in its first quarter, up 6% from the same quarter last year.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — Emerald Holding, Inc. had revenues of $122.3 million for the first quarter of 2023, an increase of 24.2% over the same period last year. Net income was $7.1 million for the quarter, compared to $16.1 million for the first quarter of 2022.

Tagged Earnings/Financial Reports

DENVER (BRAIN) — Capo Cycling Apparel has been acquired by industry veteran Zach Spinhirne-Martin from its founders, Robert Carbone and Gary Vasconi.

Capo, founded in 2004, is a U.S.-based brand that sells Italian-made apparel. 

Tagged Mergers, Acquisitions & Investments
On an earnings call, Fox's CEO reveals that Fox made layoffs in its bike division in Q1 and is close to making a small acquisition in the industry.
Fox released updated Float mountain bike shocks last month.

DULUTH, Ga. (BRAIN) — Fox executives said the decline was a return to seasonality after several years of pandemic-driven demand for its Speciality Sports Group products.

Tagged Earnings/Financial Reports
The cycling brand will focus on road, gravel, e-bikes and urban cycling

Boulder, Colo. -  May 4, 2023 – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, announced the launch of a new cycling media product, Velo, at an industry webinar today.


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