Industry News

Marucci also owns the grip brand Lizard Skins. Fox announced that sales in the bike division were down 58% in the most recent quarter.

WESTPORT, Conn. (BRAIN) — Fox Factory is striking out in a new direction with the acquisition of Marucci Sports, a baseball and softball equipment brand.

Tagged Mergers, Acquisitions & Investments / Earnings/Financial Reports

Sales decline as the company prepares to sell of its ammunition business unit and spin its outdoor sports brands in a new company called Revelyst. The CEO of Revelyst said the company plans to focus on its "highest potential" brands and may sell other brands.

Tagged Earnings/Financial Reports

OLATHE, Kan. (BRAIN) — Garmin Ltd.’s third-quarter revenue increased 12% year-over-year buoyed by the Fitness segment’s growth across all categories.

Tagged Earnings/Financial Reports
Living off the radar in the Rockies, VPL co-founder Zack Krapfl and his team are driving Bosch e-bike integrations in North America
The VPL team at MADE. Bob Huff Photo

PORTLAND, Ore. (BRAIN) — Of all the concept bikes shown here at the MADE framebuilder show, in August, the full-titanium triple tandem “Sch:Long” from Schwift Cycles was likely the most expensive — and downright bonkers — electric bike on display.

Tagged Electric bike

PORTLAND, Ore. (BRAIN) — Rep. Earl Blumenauer, who has championed bicycle and climate legislation during his long career in Washington, announced he will not seek re-election in 2024.

Blumenauer, 75, served as Oregon's 3rd Congressional District for 27 years.

Tagged Electric bike
Wil Matthews photo of the 2022 Unbound Gravel, courtesy of Life Time.

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs.

Tagged Earnings/Financial Reports

CHICAGO (BRAIN) — PedalCell, a manufacturer of weather-proof generators for electronics charging, announced it will cease operations on Jan. 1.

STOCKHOLM (BRAIN) — Thule Group third-quarter net sales increased 8% year-over-year with bike-related product demand in the European market boosting the surge.

Tagged Earnings/Financial Reports
Pashley Cycles' Chairman Adrian Williams.

STRATFORD-UPON-AVON, United Kingdom (BRAIN) — Pashley Cycles will invest in the sustainable transportation market by starting a crowdfunding campaign to help support product development in e-cargo delivery bikes, electric assist leisure bikes, and bike-share products.

Tagged Electric bike

STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.

Tagged Earnings/Financial Reports
Julie Gabay.

BOULDER, Colo. (BRAIN) — For our October magazine edition, we asked our State of Retail panel members: What’s your experience with, and assessment of, click-and-collect programs?

Tagged State of Retail / From the Magazine
New bill would call for e-bike, e-scooter businesses to be licensed.

NEW YORK (BRAIN) — The City Council met with the city's Committee on Consumer Worker Protection on Monday to discuss a bill that would require third-party delivery app companies like DoorDash to provide workers access to certified e-bikes and batteries and another that would require workers taking an e-bike safety c

Tagged Electric bike
Crankset inspection program cost the company $114 million in Q3.

TOKYO (BRAIN) — Shimano is reporting that sales in bike-related products were down 24.8% in the first three quarters of its fiscal year, compared to the same period last year. The company's operating income in its bike business was down 48.8% over the same period. 

Tagged Earnings/Financial Reports

FORT MILL, S.C. (BRAIN) — Continental Tire has named Quality Bicycle Products its "Preferred Distributor in the US and Canada," and the German tire company said QBP, which has been selling Continental products for more than a decade, will begin carrying a wider selection this fall.

PARK CITY, Utah (BRAIN) — Signa Sports United has closed its U.S. offices, which included operations for the Vitus and Nukeproof bike brands and the Hotlines wholesale distribution business, all based in Park City. 

Company adds Orange County, California, event in April.

PARK CITY, Utah (BRAIN) — Lost Paddle Events will produce two e-bike events next year: a second edition of its (e)revolution Denver show in late May preceded by a new outdoor trade/consumer show in Orange County, California, in April.

Tagged Electric bike / Events / Consumer Expos and Rides / Tradeshows and conferences / The Big Gear Show / (e)revolution

COSTA MESA, Calif. (BRAIN) — Selle Royal Group is now the sole owner of distributor Highway 2; the Italy-based group previously owned 50% of Highway 2 in partnership with Continental Tire.

Moderator Erika Jones with CPSC Commissioner Mary T. Boyle.

BENTONVILLE, Ark. (BRAIN) — The Consumer Product Safety Commission will consider regulating micromobility devices, including e-bikes, but don't expect anything final to come before 2025.

Tagged Electric bike / Tradeshows and conferences

BERLIN (BRAIN) — E-commerce giant Signa Sports United says it is taking legal steps after a holding company terminated a 150 million euro equity commitment.

New CPSC report finds micromobility injuries on the increase. Commissioner Mary T. Boyle spoke at the Shift'23 conference Tuesday.
Mary T. Boyle at SHIFT'23 in Bentonville this week.

BENTONVILLE, Ark. (BRAIN) — A new federal study of micromobility injuries and deaths found that injuries associated with all micromobility devices increased nearly 21% in 2022 from 2021. 

Tagged Electric bike


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