News

Posted November 9, 2020
UPDATED: The trustee for the former owner of Performance Bike and ASI is suing 23 companies, seeking to recover $2.6 million.

DURHAM, N.C. (BRAIN) — Nearly two years after Advanced Sports Enterprises and its subsidiaries filed for bankruptcy, the case drags on.

Posted November 9, 2020

BIG FLATS, N.Y. (BRAIN) — Stan's NoTubes officially is expanding into the off-road outdoor equipment market with its tubeless sealant.

Posted November 9, 2020
Peloton's stock price Monday. Source: NASDAQ.com.

NEW YORK (BRAIN) — Market indexes soared Monday on Pfizer's good news about a COVID-19 vaccine. However, some bike-related stocks were trading down as investors bet riding — indoors or outside — will be less popular in a post-COVID world.

Posted November 9, 2020

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: “What long-term changes have you made to your business as a result of COVID-19?”

Posted November 9, 2020

As retailers scramble to get enough product for 2021 and suppliers seek to increase their slice of pie, a new dynamic is emerging in the specialty retail channel.

Posted November 8, 2020

MONTRÉAL (BRAIN) — Raymond Lanctôt LTD has signed a multi‐year agreement to distribute Mavic products in Canada.

Posted November 6, 2020

MONTRÉAL (BRAIN) — Dorel Sports, the parent of Cannondale, Schwinn, Mongoose, Pacific and other brands, reports third-quarter sales of $306 million, a 22.1% increase over the same period last year. 

Posted November 6, 2020

STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.

Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.

Posted November 5, 2020

NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.

Posted November 5, 2020

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported revenue increased 114% year-over-year for the third quarter that ended Sept. 30.

Posted November 5, 2020
Action Sports sales up 16%.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to  $162 million.

Posted November 5, 2020
The multi-sport e-commerce brand with a growing dealer network will move to a 200,000-square-foot distribution center outside of LA in early 2021.
With bike sales leading the way, Retrospec will expand footprint.

LOS ANGELES (BRAIN) — With product line and revenue growing, it was only a matter of time before Retrospec grew out of its Los Angeles home.

Posted November 2, 2020

GRAND JUNCTION, Colo. (BRAIN) — From serving as home of cycling companies to being amid some of the country’s best road routes and mountain bike trails, Grand Junction is considered by many as a cycling mecca.

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