News
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.
(BRAIN) — American Classic is offering three new low-priced tire models with sales to benefit PeopleForBikes' Community Grants program.
PARK CITY, Utah (BRAIN) — Bloomberg is reporting that TSG Consumer Partners is weighing the possible sale of Backcountry.com and its related e-commerce sites, which include CompetitiveCyclist.com.
SOUTH LAKE TAHOE, Calif. (BRAIN) — Smith will include Aleck crash sensor technology on bike helmets that will be released next year.
WATERLOO, Wis. (BRAIN) — Trek Bicycle has a new suspension service offering at some Trek stores. The program promises a 14-day turnaround on service and consumers are offered use of a demo bike for two days while their bikes are out of service.
ATLANTA (BRAIN) — Wahoo Fitness says its financial woes are in the past after a recapitalization eliminated debt that had crippled it after the pandemic boom in indoor exercise products. Three private equity groups helped founder Chip Hawkins pay off a public debt owed to a bank consortium; it also put capital on Wahoo's balance sheet to enable growth.
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association has announced the 2023 winners of its Retailer Excellence Awards.
NEW YORK (BRAIN) — The New York Fire Department issued vacate orders for two e-bike businesses in the city this week as the department steps up inspections following a rash of fatal fires triggered by lithium-ion batteries.
GREENWICH, Conn. (BRAIN) — L Catterton, which bought a majority share in Pinarello in 2017, said it has sold the company to "a private family office." European news sources say billionaire Ivan Glasenberg bought it for 200 million euros.
BERLIN (BRAIN) — E-commerce company Signa Sports United, owner of WiggleCRC and the Vitus and Nukeproof bike brands, reported a 2% decline in first-half revenue, saying "subdued demand and market overstock" weighed on its results.
Its first-half net revenue was 441 million euros ($480 million).
NEW YORK CITY (BRAIN) — An emergency $25 million grant from the U.S. Department of Transportation will enable the city to set up outdoor e-mobility battery charging and storage stations at 53 city Housing Authority developments.
BELLINGHAM, Wash. (BRAIN) — Kona USA, facing the same excess inventory and stagnant consumer demand challenges as most other IBD brands, rebuilt its website in early June to add consumer-direct sales for the first time. While most traditional IBD brands now offer some variety of direct sales and click-and-collect few have received such a negative initial response from retailers.
FRANKFURT (BRAIN) — Eurobike, which closed Sunday after its weekend consumer event, attracted 34,750 trade visitors and 31,780 consumer visitors over its four days. Both figures were an increase over last year.
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