Industry News
WASHINGTON (BRAIN) — More money for bike lanes, trail construction and climate change reduction will be available when President Joe Biden signs into law the nearly $1.2 trillion Infrastructure Investment and Jobs Act.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports segment — which includes its Bell, Giro, Blackburn and Quietkat businesses — saw a sales increase of 9% year over year, the company announced.
NEW YORK (BRAIN) — Peloton Interactive Inc. shares were down more than 34% on Friday after the company lowered its forecasts for 2022 sales.
Peloton is now forecasting full-year fiscal sales of $4.4 billion to $4.8 billion, down from a previous forecast of $5.4 billion.
MONTRÉAL (BRAIN) — Dorel Industries reported sales of $304 million in its Dorel Sports division in its third fiscal quarter this year, a 0.6% decline over sales in the same period last year.
DULUTH, Ga. (BRAIN) — For the fifth consecutive quarter, Fox Factory notched its highest-ever revenue in a fiscal quarter for its 2021 Q3, which ended Oct. 1. Sales were $347.4 million, compared to $261 million in the same period last year.
GLASGOW, Scotland (BRAIN) — A global coalition of 60-plus bicycle organizations published an open letter to urge leaders of more than 120 countries attending the 26th United Nations Climate Change Conference (COP26) to increase the number of people who bike.
PORTLAND, Ore. (BRAIN) — Industry veteran Ed Rae, who in July joined Danish cargo bike brand Triobike as its U.S. agent, died Sept. 23 at his home because of a cardiac issue. He was 68.
PORTLAND, Ore. (BRAIN) — Wheel brand HiFi, Ritte Cycles, and bike shop TriTech Bikes are working with BIKEPOC PNW to offer a series of cyclocross clinics and create a lending library of cyclocross/gravel bikes.
ST. PAUL, Minn. (BRAIN) — The application period opened Monday for Park Tool 2022 Community Tool Grants. The period remains open until Dec. 31.
Now in its seventh year, the Park Tool Community Tool Grant has so far donated over $90,000 worth of tools to organizations throughout the world.
WESTPORT, Conn. (BRAIN) — Compass Diversified, the owner of BOA and Lizard Skins as well as a variety of other middle-market businesses, reported net sales of $488 million in its fiscal third quarter, up from $388 million in the same period last year.
BOULDER, Colo. (BRAIN) — PeopleForBikes' virtual Bicycle Leadership Conference opens Tuesday. The organization also has announced some details of a in-real-life Bicycle Leadership Conference, the first since 2019, which is planned for March 21-23, 2022 in Dana Point, California.
CITY OF INDUSTRY, Calif. (BRAIN) — JW Zhang, who founded e-bike brand Aventon eight years ago, said the company's next step is to open a "highly automated" e-bike factory in the U.S.
NORTHVALE, N.J. (BRAIN) — Funeral services for Jamis Bicycles employee Jeanette Willem will be Monday at Vander Plaat Caggiano Funeral Home from 4-8 p.m. in Fair Lawn, New Jersey.
PORTLAND, Ore. (BRAIN) — VVolt, a new e-bike brand that launched earlier this year has added outdoor retailer Moosejaw as a multichannel partner.
(BRAIN) — Old School BMXers remain hungry for a piece of their childhood.
WASHINGTON (BRAIN) — President Joe Biden released a revamped climate-change plan Thursday as part of his Build Back Better Act that includes restoring the originally proposed e-bike tax credit percentage while keeping the bicycle commuter benefit unchanged.
NORTHVALE, N.J. (BRAIN) — Police investigators say Christian Giron used a hand-held sledgehammer to kill his Jamis Bicycles co-worker Jeanette Willem at the brand's headquarte
SEATTLE (BRAIN) — Existing investors are pumping another $154 million into Rad Power Bikes, following a $150 million investment announced in February.
STOCKHOLM (BRAIN) — Bike helmets continue to lead MIPS' revenue surge during the bike boom with third-quarter net sales increasing 81% year-over-year.
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