News

Posted October 16, 2023

(BRAIN) — Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG").

Posted October 13, 2023

SEATTLE (BRAIN) — REI Co-op announced in an email to employees that it is cutting about 275 jobs in a restructuring of store roles — including the elimination of the sales leads — and revamping scheduling.

Posted October 10, 2023

WATERLOO, Wis. (BRAIN) — Trek Bicycle's Red Barn Refresh program's e-commerce site is live, offering used road, mountain, electric, and kids bikes in the industry's first trade-in program.

Posted October 10, 2023

PARK CITY, Utah (BRAIN) — Kent Outdoors, which acquired Kona Bicycles almost a year ago, is moving its corporate headquarters to Park City, Utah.

Posted October 9, 2023
Woom Original 3.

AUSTIN, Texas (BRAIN) — Woom kids bikes now are available at 30 REI Co-op locations and at 10 additional U.S. independent bike dealers.

Posted October 9, 2023

BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.

Posted October 6, 2023
Greyp T5.0.

SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021. 

Posted October 5, 2023
John Harrison forges path emphasizing innovation and expanding dealer network.
 Parlee Cycles President and CEO John Harrison.

BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.

Posted October 5, 2023

ANOKA, Minn. (BRAIN) — Vista Outdoor's Outdoor Products Segment — which contains Bell, Giro, Fox Racing, CamelBak, QuietKat and other bike brands — will get a new name when it's spun off from the rest of the company later this year.

Posted October 4, 2023

BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.

Posted October 4, 2023
Joel Goralski

CALGARY, Alberta (BRAIN) —  VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday. 

Posted October 4, 2023

PHILADELPHIA (BRAIN) — Trek, SRAM, a Taiwanese hub maker, a Trek-owned retail store and an independent Trek dealer are all named in a product liability case involving an alleged coaster brake failure two years after the coaster-brake hub was recalled.

Posted October 4, 2023

EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.

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