Industry News
OLD FORT, N.C. (BRAIN) — Kitsbow is expanding cycling clothing sizing from XXS to XXXXL and offering a variety of lengths and fits in its made-to-order production facility in Western North Carolina.
BOULDER, Colo. (BRAIN) — Driven, a spinoff of CeramicSpeed that is developing a low-friction drivetrain for bikes, reached its $1 million goal for its equity crowdfunding campaign in just two days.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue grew 71% year-over-year in the first quarter buoyed by online sales that jumped 224% in the same period.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory on Thursday announced its highest quarterly revenue in company history, driven in part by an 85.5% growth in its bicycle-product division.
NEW YORK (BRAIN) — Vista Outdoor's Action Sports group, which includes its bike helmet and accessory brands Bell, Giro, and Blackburn, recorded a 50% revenue growth in the most recent quarter, compared to a year earlier.
BOULDER, Colo. (BRAIN) — After nearly 15 years in Little Rock, Arkansas, Orbea is moving its U.S. offices and operations to Boulder this month.
OLDENZAAL, Netherlands (BRAIN) — A. Dugast, a Dutch brand famous for its handmade cyclocross tubular tires, is joining the Vittoria Group, the company announced Tuesday.
WASHINGTON (BRAIN) — Figures released Wednesday show the industry received a surge of parts from overseas in March. Monthly imports of derailleurs, pedals, saddles, and other parts were at their highest level in at least 14 months, in some cases by large margins.
MONTRÉAL (BRAIN) — Raymond Lanctôt LTD and its NRG Enterprises division returned online Wednesday after a ransomware attack on April 30. All systems were shut down before any malware was loaded, the company said.
FRUITA, Colo. (BRAIN) — If you want to live where mountain bikers feel welcomed, check out the new houses going up on Singletrack Street, Yeti Street, or Pivot Street in this town on the western edge of Colorado.
MADISON, Wis. (BRAIN) — Schwinn will partner with an LGBTQ+ advocate on a 363-mile bikepacking trip to amplify his inclusivity message in the outdoor industry.
BURLINGTON, Vt. (BRAIN) — Burton has promoted Elysa Walk, a former general manager of Giant Bicycle, to be the company's first Chief Business Officer. Walk was previously the snowboard company's SVP of Americas and International.
Boards & More is a leading kiteboarding, windsurfing, wingfoil, and stand-up paddling supplier that also owns Ion, a mountain bike apparel brand. SQLab makes saddles, shoe insoles, grips and handlebars.
OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.
SQUAMISH, British Columbia (BRAIN) — 7mesh Cycling Apparel opened a new distribution center in the United Kingdom.
STOCKHOLM (BRAIN) — Driven by continued global bicycle helmet demand, MIPS' net sales increased 48% year-over-year in one of the helmet technology company's best-ever first quarters.
LONDON (BRAIN) — Discovery Inc.’s Play Sports Group is making an investment in Enduro Sports Organisation, which operates the Enduro World Series and the E-Enduro World Series. The company said the investment will accelerate the expansion of EWS events and create live and on-demand content.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported first-quarter revenue grew 25% year-over-year, boosted by demand for cycling products that included the release of the Rally power meter pedal series.
ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics, which launched in December offering direct-to-consumer brands dock-to-door box-free bike shipping, has expanded its delivery service to independent bike dealers nationwide.
MOAB, Utah (BRAIN) — Outerbike announced Monday it will hold two events this year and canceled four others this summer because of a demo bike shortage.
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