News
CAPE TOWN, South Africa (BRAIN) — Leatt Corp. continued its record-setting financial year with second-quarter revenue increasing 32% year-over-year with net income spiking 815%.
SUMMERVILLE, S.C. (BRAIN) — Sometime about nine months or a year after the start of the pandemic in the U.S., a new generation of bike shops will be born, their conception inspired by the 2020 bike boom.
SEATTLE (BRAIN) — REI Co-op will sell its newly completed corporate office in Bellevue, Washington, and intends to transition to regional locations while giving employees more remote working options.
HATTIESBURG, Miss. (BRAIN) — This could be shaping up as the summer of pre-love — that is, sales of “pre-loved” bicycles, as retailer James Moore likes to call them.
MONTRÉAL (BRAIN) — Dorel Sports, a division of Dorel Industries, is reporting sales of $285.6 million in its second fiscal quarter, up 18.5% from the same quarter last year.
SAN FRANCISCO (BRAIN) — The 2020 bike boom is expanding into the micromobility sector with share-bike and share-scooter interest and ridership growing after cities reopened following COVID-19 restrictions.
The most important problem facing the specialty retail channel right now is the fundamental question of how much the dealer actually adds to a bicycle sale. And, as usual, no one is asking it.
WASHINGTON (BRAIN) — The Trump administration has extended tariff exclusions it earlier granted to importers of most kids bikes and a few other bike products from China. The importers had been granted a break from a 25% tariff that was due to expire Friday night.
AUSTIN, Texas (BRAIN) — Mellow Johnny’s Bike Shop Austin no longer will sell bicycles to the Austin Police Department because of concerns over officers using them to control Black Lives Matter protesters.
(BRAIN) — Vista Outdoor’s sales in its Action Sports division — which includes Bell, Giro, Kash, Raskullz and Blackburn — were up 7% in the company’s first quarter. Sales in the division totaled $72.9 million for the quarter, compared to $67.9 million last year.
BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle-related sales were up 10% in its second fiscal quarter, which ended July 3.
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, the leading endurance sports media platform, today announced that Dhani Jones, founder of BowTie Cause and Chairman of Qey Capital, has been elected to its board of directors.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported a 54.1% revenue drop in the second quarter ending June 30.
Revenue was $134.2 million, compared with $292.4 million in the second quarter of 2019. Net income was $40.7 million, compared with $102.1 million year-over-year. Earnings per share were $0.34.
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