News
AMSTERDAM (BRAIN) — E-bike brand VanMoof officially has been declared bankrupt by the court of Amsterdam, which withdrew suspension of payment proceedings on Monday and cleared the way to a possible asset sale.
CHICAGO (BRAIN) — After 14 years as SRAM's full-time director of advocacy, Randy Neufeld will retire next month. Long-term SRAM employee Rob Cappucci will take over a redefined position as the company's director of advocacy and industry partnerships.
Inventories are up, sales are down. So why are bike companies still spending millions on professional road racing teams?
BLOOMINGTON, Minn. (BRAIN) — Distributor Quality Bicycle Products and retailer The Pro's Closet each announced workforce reductions this week. Each cited the industry's inventory challenges as a cause.
AMSTERDAM (BRAIN) — Dutch e-bike brand VanMoof has been granted temporary court protection from creditors.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: What are your expectations of sales representatives? Are they being met?
SEATTLE (BRAIN) — Rad Power Bikes will close its European operations at the end of the year to concentrate on growing its North American market.
VANCOUVER (BRAIN) — Bicicletta, which opened in 1984 as a small Italian road bike shop, filed for creditor protection but will continue operating its website and fulfillment center. Its Vancouver retail store, however, closed almost two weeks ago, CEO Graham Fox said.
EL PASO, Texas (BRAIN) — Helen of Troy reported net sales for the first quarter fell 6.6% year-over-year with the Home & Outdoor group, which includes brands Osprey and Hydro Flask, declining 7.3%.
After digging into the available data and information emerging about the economy, the American consumer, and the dynamic changes brought about by the pandemic, I offer the following working theories for your consideration.
WARWICK, R.I. (BRAIN) — Spinov8 is no longer the North American distributor for special-needs bike brand Van Raam after seven years. Because it was a single brand distributor for Van Raam, Spinov8 ceased operations.
OLATHE, Kan. (BRAIN) — Garmin is now providing retailers with "Garmin Ready" frame labels that let consumers know the e-bike is certified to communicate with their Garmin devices.
WASHINGTON (BRAIN) — Kids bike manufacturer Woom Bikes USA is recalling its Original models because the stem and handlebar can detach. About 84,000 bikes are affected in the U.S. with an additional 533 sold in Canada.
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