News

Posted May 15, 2024
PeopleForBikes says the industry needs 'clarity and relief' on the proposed new tariffs
Biden on Tuesday after signing a document related to the China tariffs. (Photo by Demetrius Freeman/The Washington Post via Getty Images)

WASHINGTON (BRAIN) — It's unclear if the Biden administration's proposed steep increases in tariffs on Chinese EVs will affect the bike industry.

Posted May 15, 2024
Former CEO Scott Maguire to lead the brand's new innovation and technology division.

MORGAN HILL, Calif. (BRAIN) — Specialized has made another change at the top, naming former Pon.Bike and Canyon Bicycle chief Armin Landgraf its new CEO replacing Scott Maguire, who will lead the brand's new innovation and technology division.

Posted May 15, 2024
Getty image (of a real bike shop).

Inventory is a crucial asset, but it can also be an albatross.

Posted May 14, 2024

DETROIT (BRAIN) — Light electric vehicle vertical integration partner Bloom added Cleveland-based LAND Energy as its e-moto battery supplier.

Posted May 13, 2024

TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.

Posted May 13, 2024

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenues dropped 19% year-over-year as the cycling and motorcycle protective brand's dealers and distributors continue to deal with excessive inventory levels.

Posted May 9, 2024

WASHINGTON (BRAIN) — Some Korimefa multi-purpose helmets are being recalled because they do not comply with the Consumer Product Safety Commission's positional stability requirements for bike helmets.

About 60 helmets are affected by the recall. No injuries or incidents have been reported.

Posted May 7, 2024

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue declined 11% year-over-year, but founder and CEO Nicholas Woodman said the $155 million in sales exceeded its first-quarter target.

Posted May 7, 2024

COLUMBUS, Ohio (BRAIN) — Roll: Bicycle Company will close its remaining two retail locations in Bexley and Upper Arlington this month in response to an industry that is "really challenging right now, particularly for independent local retailers," founder and CEO Stuart Hunter

Posted May 7, 2024
Larry Tetone.

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What types of insurance do you carry, and have you increased coverage in the last 1 to 3 years?

Posted May 6, 2024
Churn, baby.

Bike shops are going out of business ... but new dealers are still stepping up to take their place.

Posted May 2, 2024
Mongoose Salvo 2.

MADISON, Wis. (BRAIN) — Dick's Sporting Goods will begin carrying Mongoose bikes this month, supplanting GT Bicycles, which ended its agreement with the box-store giant at the end of 2023.

Posted May 2, 2024
Camping reservations set an event record.
Photo courtesy of Sea Otter Classic.

MONTEREY, Calif. (BRAIN) — Let James Ayres, Haro Bike’s director of North American sales, put the spotlight on this season’s Sea Otter Classic: “It literally blew us away. It was borderline flabbergasting,” said Ayres in an interview.

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