News
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.
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%.
AMES, Iowa (BRAIN) — Messingschlager USA acquired U.S. distribution rights to KTM Bike Industries.
EATONTON, Ga. (BRAIN) — The North American Handmade Bicycle Show, which has not been held since 2019 because of the pandemic, is postponing its planned 2022 show due to lack of interest from exhibitors. The organizer says the show will be back for 2023.
(BRAIN) — Fitness wearable maker Whoop and e-bike brand Rad Power each had layoffs this week.
STOCKHOLM (BRAIN) — Thule Group reported a year-over-year 2.6% net sales increase, saying global supply chain challenges, the Russian invasion of Ukraine, and raw material price increases continue to affect its operations.
STOCKHOLM (BRAIN) — MIPS' second-quarter net sales increased 45% year-over-year with the Sport category driven by snow helmet demand and less by bike helmets.
SCOTTS VALLEY, Calif. (BRAIN) — It's only been a matter of months since SRAM and Fox ended their six-year legal battle over chainring and axle patents, but the two industry giants are at it again.
Here's the future: It will be next year before discounting and terms will bring brand inventories down to reasonable and balanced levels.
DENVER (BRAIN) — The first national e-bike trade show announced Wednesday that the National Bicycle Dealers Association and PeopleForBikes will partner with the event.
(BRAIN) — GT Bicycles announced Tuesday that Jason Schiers has been named managing director. Schiers will oversee the brand's strategy and future vision.
FRANKFURT (BRAIN) — Organizers claimed success for the first Eurobike to be held in Frankfurt, which wrapped up Sunday.
FRANKFURT (BRAIN) — Some 29 years after selling his bicycle company to Trek and going to work for the Wisconsin brand, Gary Fisher has now been separated from the company since March. At Eurobike, Fisher said he's enjoying being an independent entity again.
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