Industry News
MONTRÉAL (BRAIN) — Dorel Industries Inc. said Friday it will sell one of its Chinese manufacturing facilities for juvenile products to the Guangdong Roadmate Group Co. for $51 million.
SAN MARCOS, Calif. (BRAIN) — Mountain bike brand Eminent Cycles, LLC has filed for Chapter 11 bankruptcy protection.
DENTON, Texas (BRAIN) — Bunch Bikes, a D2C cargo bike brand, will appear on ABC's Shark Tank in an episode that will air March 26.
Bunch Bikes founder and CEO Aaron Powell will pitch his company to the show's "shark" investors.
WILTON, Conn. (BRAIN) — Cannondale unveiled a series of billboards in high traffic locations in four cities to tout its newest e-bike line and the benefits of cycling from a green transportation and health and fitness perspective.
ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.
MONTRÉAL (BRAIN) — Dorel Sports recorded a 14% sales increase in its fourth fiscal quarter and a 15% increase for its full fiscal year, which ended Dec. 30. Dorel Sports is the division of Dorel Industries that holds its bike brands, including Cannondale, Schwinn, GT and others.
WASHINGTON (BRAIN) — The Paycheck Protection Program received an additional $7.25 billion as part of the passing of the American Rescue Plan Act on Thursday.
BOULDER, Colo. (BRAIN) — Engaging and encouraging marginalized communities and investing in infrastructure will grow cycling and make it more inclusive, according to a new study commissioned by PeopleForBikes.
WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.
TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.
SILVER SPRING, Md. (BRAIN) — The Bureau of Land Management was plagued by increasing extremism, retaliation and employee intimidation, and political influence during the Trump Administration, according to a Public Employees for Environmental Responsibility anonymous survey of current and former employees.
TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.
TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.
WASHINGTON (BRAIN) — Bicycle imports were up 49% by unit count in January, compared to January 2020. In dollars, imports were up 26% year-over-year.
HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.
AUSTIN, Texas (BRAIN) — Route-finding app Ride Spot has teamed with Black History Bike Ride to raise money and create more routes and expand the city bike tour.
BRISTOL, Tenn. (BRAIN) — Huffy Corp. announced it also will sponsor NASCAR driver Chase Briscoe's No. 04 Roper truck in this year's Camping World Truck Series.
STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.
NEW YORK (BRAIN) — Tour Central Park, which operates a bike rental operation in the city, is suing the landlord at its former Lower Manhattan location, charging that it engaged in "extortionate and predatory leasing practices," among other things.
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