Industry News

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its seventh consecutive quarter of record-breaking revenue, with first-quarter revenue increasing 88% year-over-year, led by mountain bike and moto helmet sales.

Tagged Earnings/Financial Reports

(BRAIN) — Zwift has announced significant staff layoffs and a "pause" to its much-anticipated hardware development program for developing its own range of smart bike and direct-drive trainer offerings.

MORGAN HILL, Calif. (BRAIN) — Specialized on Tuesday announced a new line of e-bikes under the Globe brand, which Specialized has used in the past for city bikes. The company said Globe will let independent bike shops compete with D2C-only e-bike brands.

Tagged Electric bike
David Bordewisch.

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What are the most — and least — effective things you’ve done to recruit, hire, and retain staff?

Tagged From the Magazine
Photo from Orbea's factory in Mallabia, Spain.

ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.

Tagged Earnings/Financial Reports
Bike-related sales notch 8th consecutive record quarter

DULUTH, Ga. (BRAIN) — Fox Factory’s CEO says the mountain bike industry will return to something like normal in the fourth quarter this year and he expects Fox’s bike-product sales to return to a more traditional growth rate following several years of very high growth.

Tagged Earnings/Financial Reports

CHICAGO (BRAIN) — Registration and recovery nonprofit Bike Index surpassed 800,000 registrants and recovered more than 10,500 stolen bikes as of Friday.

Entering its ninth year, Bike Index, with a staff of five and a volunteer ambassador program, has recovered bikes worth an estimated $18.3 million.

FOUNTAIN VALLEY, Calif. (BRAIN) — Shimano Inc. has sold off its apparel brand, Pearl Izumi, to United Sports Brands, the parent of Nathan, Cutters, and Shock Doctor, among other brands. 

Pearl Izumi will join Nathan, which offers running accessories and apparel, in USB's new outdoor division.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue was up 6% year-over-year with the company's profitability being credited to adopting a more direct-to-consumer subscription-oriented business model.

Tagged Earnings/Financial Reports

BALTIMORE (BRAIN) — The Cyclery Bike Shop and Athlos Performance Apparel collaborated on a jersey design to help the families of two California cyclists killed by an impaired driver last month in Utah.

Brothers Matthew and Adam Bullard were killed on April 9 in Washington City while completing an event.

SAN FRANCISCO (BRAIN) — InGoodTaste, a creative consultancy with industry clients, announced it will support woman's abortion rights by reimbursing employees for travel and supplemental medical costs above insurance coverage if they live in an area that eventually could restrict their choice.

Kristen Pokky rides a Pedego Stretch to keep her active while battling a muscular disease.

IRVINE, Calif. (BRAIN) — Don DiCostanzo has heard the stories. The 14-year-old with bone cancer regenerated leg movement riding an e-bike after having surgery. A woman who began e-biking to recover from a heart transplant. Another battling a muscular disease now is able to maintain mobility with the help of an e-bike.

Tagged Electric bike / From the Magazine
Bell, Giro, Blackburn and CamelBak will be part of a new Outdoor Products company based in Bozeman, Montana.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. will separate its shooting sports and ammunition brands from outdoor sports brands — including Bell, Giro, Blackburn, CamelBak and QuietKat — by splitting into two distinct publicly-traded companies.

Tagged Mergers, Acquisitions & Investments
Velo Premiere to handle IBD sales.
TIME's new ADHX fast-gravel bike will be available this month.

For the first time since the brand was acquired from Groupe Rossignol, it will have complete bikes, a new gravel model and a supply of frames available in the U.S.

MORGAN HILL, Calif. (BRAIN) — Specialized has appointed Armin Landgraf as its Chief of Worldwide Markets, effective May 1.

SHERBROOKE, Quebec (BRAIN) — Paul Mckenzie, the longtime owner of the Arkel bike bag brand, has sold the company to Marc Desrosiers, a former product developer at Bombardier Recreational Products.

Tagged Mergers, Acquisitions & Investments

WASHINGTON (BRAIN) — The U.S. Senate Energy and Natural Resources Committee moved a policy package to the Senate floor Tuesday that would fund recreation infrastructure and expand access on federal public lands.

The civil case will proceed after criminal sentencing in August.

NEWARK, N.J. (BRAIN) — A federal judge has approved delaying the civil case against Samuel J. Mancini, the CEO of an investment group that planned to buy up several Italian cycling brands.

Aided by the Osprey acquisition, Helen of Troy reports net sales increase 14% in Q4.
Layne Rigney. Photo courtesy Osprey.

CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.

Tagged Earnings/Financial Reports

STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.

Tagged Earnings/Financial Reports

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