News

Posted August 6, 2020
Revenue decreased 54.1% in the second quarter.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported a 54.1% revenue drop in the second quarter ending June 30.

Revenue was $134.2 million, compared with $292.4 million in the second quarter of 2019. Net income was $40.7 million, compared with $102.1 million year-over-year. Earnings per share were $0.34.

Posted August 5, 2020
As retail sales increased by double or triple digits, bike imports were up just 3% through June.
Monthly bike imports.

BOULDER, Colo. (BRAIN) — Bike imports are up significantly in recent months, according to U.S. Department of Commerce figures released Wednesday. But importers are still struggling to make up for reduced shipments earlier in the year combined with unprecedented demand from retailers and consumers.

Posted August 4, 2020
Millions of dollars annually will go to trail maintenance and creation.
The signing ceremony Tuesday. White House photo.

WASHINGTON (BRAIN) — President Donald Trump on Tuesday signed into law the Great American Outdoors Act that will provide millions of dollars annually for trail maintenance and creation on federal lands.

Posted August 4, 2020
The ISO published its 10th specification for e-bike manufacturing safety.

GENEVA (BRAIN) — The International Organization for Standardization published its 10th specification for e-bike manufacturing safety, this one addressing requirements and testing methods for motors and electrical systems.

Posted August 4, 2020

This is a challenging time for all of us. As more and more events go virtual, trade shows are canceled and travel within our industry at a standstill, I am concerned about the depth of connection within our industry and to our customers.

Posted August 3, 2020
Along with partners Amy Charity and Ken Benesh, he founded the SBT GRVL event in 2019.
Satkiewicz at the SBT GRVL start.

STEAMBOAT SPRINGS, Colo. (BRAIN) — Former Smartwool executive and SBT GRVL co-founder Mark Satkiewicz died of suspected cardiac causes while cycling near his home on Saturday. He was 52.

Posted August 3, 2020

The Japanese industrial giant Yamaha may not yet be a prominent name in U.S. retail shops, but the company’s patent filings suggest strong interest in the e-bike market here.

Posted August 3, 2020

WASHINGTON, D.C. (BRAIN) — Many importers of Chinese bike products will see costs increase by 25% as tariff exclusions are expected to expire August 7.

Posted July 31, 2020
Revolution Bicycles' homepage.

ARCATA, Calif. (BRAIN) — At least 15 bike shops in California have received emails and letters from a law firm threatening suits over their websites' compliance with the Americans with Disabilities Act and a California statute.

Posted July 30, 2020
The rim brake innovator possessed a "relentless focus on creating the highest quality products."

LAKE OSWEGO, Ore. (BRAIN) — Richard Everett, founder of Kool Stop International who led a quiet revolution in the manufacturing of rim brake pads, has died. Gene Smith, Everett's partner for more than 40 years, said the 76-year-old entrepreneur's "... heart simply gave out."

Posted July 29, 2020
Garmin reported a 9% year-over-year revenue decrease in the second quarter.

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported a 9% year-over-year revenue decrease in the second quarter, but gains in the fitness sector helped mitigate the losses.

Posted July 29, 2020
Stradalli T-700 full carbon gravel bike with Shimano Ultegra 11-speed.

POMPANO, Fla. (BRAIN) — Stradalli Cycle, primarily a consumer-direct brand, is for sale.

Posted July 28, 2020
Shimano will celebrate its 100th anniversary in 2021.

OSAKA, Japan (BRAIN) — Shimano reported Tuesday that its first-half sales in its bicycle products division were down 14.6% from the same period last year, to 123 billion yen ($1.2 billion); operating income in the segment was down 19.7%.

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