News
ANOKA, Minn. (BRAIN) — Vista Outdoor's Revelyst business unit, which contains its bike-related brands, recorded sales of $315 million in the company's fiscal 2Q25, a 3.9% decline year-over-year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the third quarter fell 12% year-over-year, but its founder and CEO Nicholas Woodman said reducing expenses next year will help lead a return to growth.
BOISE, Idaho (BRAIN) — A conservationist is suing the Department of Interior, the Bureau of Land Management, and several state land management agencies over e-bike usage on a section of singletrack trails in the Sun Valley area.
DENVER (BRAIN) — Used gear retailer The Pro’s Closet is re-opening immediately under new ownership and some familiar management.
CYPRESS, Calif. (BRAIN) — Yamaha will stop wholesaling e-bikes in the U.S. market at the end of the year, the company told BRAIN on Friday. But the brand said it will offer dealers and consumers service and parts for "years to come."
DULUTH, Ga. (BRAIN) — Fox Factory reported Thursday that sales in its bicycle-related brands grew 38.7% in the third quarter, compared to the same period last year.
(BRAIN) — Compass Diversified saw a net sales increase of 11.8% in its third quarter and recorded net income in the quarter of $31.5 million — compared to a net loss of $3.8 million in the same quarter last year.
(BRAIN) — Eight international cycling companies — Accell, Canyon, Quality Bicycle Products, Rose, Schindelhauer, Schwalbe, Scott, and Trek — have launched an online training course aimed at educating the industry to help reduce greenhouse gas emissions across global supply chains.
OLATHE, Kan. (BRAIN) — Fitness segment sales continue to boost Garmin's growth across all categories as its year-over-year revenue in the third quarter increased 24%.
CARLSBAD, Calif. (BRAIN) — Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe.
OSAKA (BRAIN) — Sales in Shimano's bike-product division were down 12.3% through the first nine months of the year, compared to the same period last year.
LOUISVILLE, Colo. (BRAIN) — TrainingPeaks, an app for coaches and athletes, is moving into virtual cycling with the acquisition of indieVelo. TrainingPeaks is rebranding indieVelo as TrainingPeaks Virtual.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its first year-over-year revenue growth — 1 % — in two years when it released its third-quarter earnings report Tuesday.
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