News

Posted August 1, 2022

GOLDEN, Colo. (BRAIN) — Feedback Sports will move to a new and larger location nearby that's nearly double the size and expected to be open by Sept. 1.

Posted August 1, 2022

SCOTTSDALE, Ariz. (BRAIN) — Erik's broke new ground last month when the Midwestern retailer branched out to open its first location in Arizona. The store in Scottsdale is also Erik's first e-bike specific location.

Posted August 1, 2022

PARK CITY, Utah (BRAIN) — OKAI, a company best known for making bikes and scooters for share programs, is entering the consumer market with a line designed for IBD and direct sales. The company is attending the Big Gear Show, which opens Tuesday.

Posted July 29, 2022
Getty image.

WASHINGTON (BRAIN) — The Inflation Reduction Act of 2022, announced after a surprise agreement this week between Sen. Joe Manchin III and Senate Majority Leader Charles E. Schumer, does not contain an electric bike tax credit and other bike-related measures included in President Joe Biden's original Build Back Better Act.

Posted July 29, 2022

OLNEY, Ill. (BRAIN) — KHS Bicycle Parts, which was founded 50 years ago by Karl Heinz Schaette, will close its doors next month.

Posted July 29, 2022
LeBron James (left) and Maverick Carter at a 2019 event. Getty photo.

KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced Friday that two investment groups have taken "strategic equity investments" totaling $30 million in the Germany-based company.

Posted July 28, 2022

PORTLAND, Ore. (BRAIN) — Days after an announcement that the North American Handmade Bicycle Show is postponed for this year, a variety of framebuilders and other industry sponsors say they are committed to a new show to be held in Portland in September next year.

Posted July 27, 2022

ANOKA, Minn. (BRAIN) — Vista Outdoor reports that its sales grew 21% in its fiscal first quarter, mostly due to a double-digit sales increase in its Sporting Products division, which includes its ammunition brands. In its Outdoor Products division, which includes the bike-related brands Bell, Giro, Blackburn, CamelBak, and QuietKat, sales were down 2%.

Posted July 27, 2022

ANOKA, Minn. (BRAIN) — Vista Outdoor has agreed to acquire Simms Fishing Products, a Montana-based sports fishing gear brand.

Posted July 27, 2022

MILAN (BRAIN) — Investment holding company Italmobiliare is acquiring the cycling and motorcycling footwear company Sidi Sport for 66 million euros ($66.8 million).

Posted July 27, 2022

OLATHE, Kan. (BRAIN) — Decreased demand in cycling and advanced wearable products led to a 6% year-over-year revenue decline for Garmin Ltd. in the second quarter.

Posted July 26, 2022

OSAKA, Japan (BRAIN) — Shimano Inc.'s bike-related sales were up 17.2% in the first half of the year compared to the same period last year, while the company's operating income in its bike segment increased 20.2%.

Posted July 25, 2022
North American Cycles will distribute the brand.
From left, Dennis Schömburg, Nyle Nims, Stefan Limbrunner, Florian Siegesleitner, and Matthew Nims.

AMES, Iowa (BRAIN) — Messingschlager USA acquired U.S. distribution rights to KTM Bike Industries.

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