Industry News
LINCOLN, Neb. (BRAIN) — Factor Bikes and its parts and accessories subsidiary Black Inc. announced a round of funding from an investment group that includes professional cyclist Chris Froome. The amount of the investment was not disclosed.
PITTSBURGH (BRAIN) — Dick's Sporting Goods had another record earnings period, reporting net sales increased 20.7% year-over-year.
MONTEREY, Calif. (BRAIN) — The Sea Otter Classic will follow current local and state COVID-19 guidelines and not require masks during the open-air event.
LOS ANGELES (BRAIN) — Two months after entering the bike-sharing market, micromobility company Bird is now moving into the consumer e-bike market.
COLORADO SPRINGS, Colo. (BRAIN) — Hundreds of female athletes, including cyclists, are in fear for their lives in Afghanistan as the Taliban takes control of the nation.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycles will work with an Atlanta-based nonprofit organization to establish a program through retailers to collect used e-bike batteries to deliver to its recycling partner.
LAUSANNE, Switzerland (BRAIN) — The IRONMAN Group has acquired the multi-day cycling event series Haute Route and the Gravel Epic series, which Haute Route acquired earlier this year.
EUGENE, Ore. (BRAIN) — Outdoor brand Burley released a limited-edition collection of bags in collaboration with North St. Bags that are constructed with nearly 80% upcycled materials.
WHISTLER, British Columbia (BRAIN) — RideWrap, a Whistler-based brand, is perhaps the bike industry's best example of a company manufacturing close to market.
PRAGUE (BRAIN) — The Pale Fire Capital investment group has invested $6 million in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application.
BOULDER, Colo. (BRAIN) — Tim Patterson, the President and Chairman of the Board of Project Bike Tech, passed away on July 12, 2021. He was 66 years old.
TAIPEI, Taiwan (BRAIN) — Exhibitor registration has opened for next March's TAIPEI CYCLE show, which will include virtual and in-person elements. The last two TAIPEI CYCLES were held virtually only because of COVID-19.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: Tell us about trainer and indoor cycling accessory sales in your store.
DRESDEN, Germany (BRAIN) — E-commerce retailer Bike24, which joined the Frankfurt stock exchange after an IPO in June, is reporting that its sales were up
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported second-quarter revenue increased 106% and net income 257% year-over-year, the fourth consecutive quarter of record-breaking growth for the protective gear manufacturer.
FORT MYERS, Fla. (BRAIN) — A man with a lengthy criminal past was sentenced to six years in prison after being arrested for stealing a bike from a Lee County retailer and selling it to a pawn shop.
LONDON (BRAIN) — Rapha is closing its custom apparel program after three years and indicated that several positions will be terminated, according to a report on CyclingTips.com.
FORT COLLINS, Colo. (BRAIN) — Industry veteran George Parry died at age 58 on Aug. 2. Parry had been Niner Bikes' engineering and production manager since 2010 but had worked in the bike industry since 1987 when he was hired as a mechanic at Fort Collins' Lee's Cyclery.
AMSTERDAM (BRAIN) — E-bike brand VanMoof produced its first U.S. television ad to demonstrate the joy and ease of commuting in congested big cities.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory's sales in its Speciality Sports Group, its bicycle-product division, were up 64% in the second fiscal quarter and 73% for the first half, compared to the same periods last year.
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