News

DULUTH, Ga. (BRAIN) — For the fifth consecutive quarter, Fox Factory notched its highest-ever revenue in a fiscal quarter for its 2021 Q3, which ended Oct. 1. Sales were $347.4 million, compared to $261 million in the same period last year.

GLASGOW, Scotland (BRAIN) — A global coalition of 60-plus bicycle organizations published an open letter to urge leaders of more than 120 countries attending the 26th United Nations Climate Change Conference (COP26) to increase the number of people who bike.

PORTLAND, Ore. (BRAIN) — Industry veteran Ed Rae, who in July joined Danish cargo bike brand Triobike as its U.S. agent, died Sept. 23 at his home because of a cardiac issue. He was 68.

PORTLAND, Ore. (BRAIN) — Wheel brand HiFi, Ritte Cycles, and bike shop TriTech Bikes are working with BIKEPOC PNW to offer a series of cyclocross clinics and create a lending library of cyclocross/gravel bikes.

BEND, Ore. (BRAIN) — Four 2022 Rocky Mountain Bicycles models will arrive at shops with CushCore tire inserts already installed. It is likely the first time a major brand has spec'd tire inserts as original equipment.
ST. PAUL, Minn. (BRAIN) — The application period opened Monday for Park Tool 2022 Community Tool Grants. The period remains open until Dec. 31.
Now in its seventh year, the Park Tool Community Tool Grant has so far donated over $90,000 worth of tools to organizations throughout the world.

SAUSALITO, Calif. (BRAIN) — Anthony "Tony" Tom, founder and owner of Sausalito's A Bicycle Odyssey, died last week. He was about 65. Tom and his store are legendary among bike lovers in Marin County and the Bay Area.

HILDEBRAN, N.C. (BRAIN) — DeFeet is celebrating the life of long-time employee John Berry with a special sock design. Sales of the socks will benefit state cycling and pedestrian advocacy group BikeWalkNC.
WESTPORT, Conn. (BRAIN) — Compass Diversified, the owner of BOA and Lizard Skins as well as a variety of other middle-market businesses, reported net sales of $488 million in its fiscal third quarter, up from $388 million in the same period last year.

MIAMI BEACH, Fla. (BRAIN) — Operating on the belief that successful retailers combine brick-and-mortar storefronts with e-commerce, micromobility company Vene Rides has started a $1.07 million crowdfunding campaign through Republic to grow its two existing stores to 100 by 2024.
BOULDER, Colo. (BRAIN) — PeopleForBikes' virtual Bicycle Leadership Conference opens Tuesday. The organization also has announced some details of a in-real-life Bicycle Leadership Conference, the first since 2019, which is planned for March 21-23, 2022 in Dana Point, California.

CITY OF INDUSTRY, Calif. (BRAIN) — JW Zhang, who founded e-bike brand Aventon eight years ago, said the company's next step is to open a "highly automated" e-bike factory in the U.S.