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