News

Posted April 29, 2022
Landry's Bicycles in Boston bucks industry trend by forming ESOP.

BOSTON (BRAIN) — Mark Vautour doesn't get his coffee from Starbucks or dine at nearby Legal Seafood. When a Landry's Bicycles customer knocks on the door 10 minutes after closing, he'll open the door. That's what a neighborhood businessman does.

Posted April 28, 2022
Aided by the Osprey acquisition, Helen of Troy reports net sales increase 14% in Q4.
Layne Rigney. Photo courtesy Osprey.

CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.

Posted April 28, 2022

STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.

Posted April 27, 2022
One-month historical stock quote chart from TradingView.com.

TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday. 

Posted April 27, 2022

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products.

Posted April 26, 2022

NEW YORK (BRAIN) — Many of New York's tragic and highly visible fires have involved e-scooters and e-motorcycles. Does the distinction matter?

Posted April 26, 2022

ATLANTA (BRAIN) — While several former employees of Wahoo Fitness have told BRAIN in recent days that they had been laid off, the company on Tuesday announced it had purchased RGT Cycling, a virtual cycling platform.

Posted April 26, 2022

TOKYO (BRAIN) — Sales in Shimano's bike-product division were up 14% in the first quarter, compared to the same period last year. However the company said the pandemic-driven bike boom "showed signs of cooling down."

Posted April 26, 2022

STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales increased 20% despite continued pandemic hurdles — including global supply chain challenges, rising costs in raw materials and shipping, and employee absenteeism — and most recently the war in Europe.

Posted April 25, 2022

NEW YORK (BRAIN) — Four fires sparked by lithium-ion batteries on lightweight electric vehicles Thursday prompted the FDNY to issue a statement afterward on its Twitter account about the dangers of improper charging and storing.

Posted April 22, 2022
Corrects prior-year attendance figures.

MONTEREY, Calif. (BRAIN) — Attendance at this month's Sea Otter Classic was about 71,000 people over four days, nearly 10,000 more than last October's event, but shy of pre-pandemic figures for the event. The event also accounted for $71 million in economic impact to Monterey County.

Posted April 22, 2022

BROOMFIELD, Colo. (BRAIN) — QBP opened a larger and more energy efficient distribution center here that increases inventory capacity by more than 30% compared with its previous facility.

Posted April 21, 2022

ORLANDO, Fla. (BRAIN) — The owners of David’s World Cycle have announced a transaction rumored for several months: They have sold the 21-store Florida chain to Trek Bicycle.

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