Industry News

Photo courtesy of Boulder Valley Velodrome/OnSight Public Affairs.

ERIE, Colo. (BRAIN) — The Boulder Valley Velodrome will be restored and reopened as a cyclist training ground and location for community events after BVV Holdings LLC agreed to purchase it.

Olive Manufacturing Group facility.

MONTEREY, Calif. (BRAIN) — Boyd Cycling will begin on-shoring its aluminum rims in South Carolina, with the wheel brand saying this increased capacity and automation will enable it to become the largest alloy rim manufacturing facility in the U.S.

Tagged Sea Otter Classic

NEWARK, N.J. (BRAIN) — A criminal sentencing hearing has been delayed again for cycling investor Samuel J. Mancini, who pleaded guilty to one count of securities fraud last year.

SEATTLE (BRAIN) — REI Co-op reported a record $3.85 billion in sales in 2022, an increase of 3.2% year-over-year. It released its financial results and impact report Wednesday.

Tagged Earnings/Financial Reports
The Ryder Innovation Luberetta is a chain lubrication device.

MONTEREY, Calif. (BRAIN) — Ryder Innovation, a South African tool and accessories brand, has opened an office in St. Petersburg, Florida, and is displaying at the Sea Otter Classic Expo this week, for the first time,

Tagged Sea Otter Classic

SEATTLE (BRAIN) — REI Co-op will close its downtown Portland, Oregon, store early next year in reaction to increased break-ins and thefts.

Also, its newest distribution center opens in Dallas.
Yuba Bikes Spicy Curry.

LEXINGTON, S.C. (BRAIN) — HLC will become the exclusive North America distributor of Yuba Bikes, with cargo and e-cargo models and add-ons available on HLC's website in early May.

Tagged Distributor news

NEW YORK (BRAIN) — The City Council on Monday introduced two more bills in response to escalating lithium-ion battery fires in the city.

Tagged Electric bike

MINNEAPOLIS (BRAIN) — Erik's Bike Shop is now authorized to ship Specialized bikes purchased from its website directly to consumers in the U.S.

(BRAIN) —Rob Einaudi hadn’t worked in a bike shop since the mid-1990s. After a couple decades of experience with automotive marketplaces and communities, this lifelong avid cyclist was looking for a way back into the bike industry.

PARK CITY, Utah (BRAIN) — The German e-commerce company Signa Sports United is opening its wholesale business, Hotlines, in the U.S. market for the first time.

Tagged Distributor news
Kathryn Austin.

BOULDER, Colo. (BRAIN) — For our April magazine edition, we asked our State of Retail panel members: What are the most profitable categories in your store currently, and have they changed since COVID-19? Which categories have you dropped or added?

Tagged From the Magazine

AMSTERDAM (BRAIN) — Pon Holdings revenue increased 23% year-over-year to reach $10 billion euros ($10.9 billion) for the first time in company history, while Pon.Bike revenue was 2.4 billion euros ($2.62 billion).

Tagged Earnings/Financial Reports
James Reid.

MELBOURNE, Australia (BRAIN) — Reid Cycles restructured its retail network to "right-size," including closing three locations with plans to close another and naming its international managing director, Rob Akam, group CEO.

BOULDER, Colo. (BRAIN) — The Life Time Sea Otter Classic official Festival Guide is now available online for reading and download.

Tagged Sea Otter Classic

PORT COQUITLAM, British Columbia (BRAIN) — HLC is now the exclusive outside sales agency for Norco Bicycles in the U.S. Norco will continue providing dealers with direct inside sales, customer service, credit and warranty support.

UPDATED with quote from Vista Outdoor.
Fox Racing sales boosted Action Sports revenue in Q3.

SCOTTS VALLEY, Calif. (BRAIN) — Sources at Bell and Giro tell BRAIN that the Vista Outdoor brands made significant staff layoffs this week, especially in the marketing, brand, and creative departments.

Tagged Mergers, Acquisitions & Investments / Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — Gary Fisher is back where he wants to be — in Taiwan, hanging out with longtime industry friends at the Taipei Cycle show, but also more generally, back in the game, designing bikes he believes will change the industry, and even the world.

Tagged Electric bike / Taipei Cycle Show

MONTEREY, Calif. (BRAIN) — Despite California’s record amount of rain and snow, Weathertech Raceway Laguna Seca, home to the Sea Otter Classic, is in good shape and should pose no issues for exhibitors and consumers at the April 19 through April 22 show, said Frank Yohannan, Sea Otter’s chief executive officer.

Tagged Consumer Expos and Rides / Sea Otter Classic / Tradeshows and conferences

WEST PALM BEACH, Fla. (BRAIN) — SRAM LLC has requested a new trial after a jury handed Princeton Carbon Works a win last month in a patent infringement suit.


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