Posted February 23, 2023
The time capsule was buried in the factory foundation this week.

KĖDAINIAI FREE ECONOMIC ZONE, Lithuania (BRAIN) — Pon company officials buried a symbolic time capsule this week in the foundation of a new 40,000-square-meter (431,000-square-foot) bike factory being constructed here.  

Posted February 22, 2023
James Kincheloe

GARLAND, Texas (BRAIN) — Friends and family of James Kincheloe have started a crowd-funding campaign to help with memorial expenses.

Kincheloe was found dead Feb. 16 at Don Johle's Bike World, where he worked. A fellow employee arriving for work found Kincheloe dead of an apparent gunshot wound.

Posted February 22, 2023

PITTSBURGH (BRAIN) — Dick's Sporting Goods said it has agreed to acquire the specialty outdoor retailer Moosejaw from Walmart.

Posted February 22, 2023

OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue decreased 6% year-over-year in the fourth quarter and 2% for 2022 as its Fitness products division experienced the biggest decline of all the company's segments.

Posted February 21, 2023

Steve Maxwell, co-editor of The Outer Line, takes a look at the cycling media landscape, reviewing the myriad challenges of recent years, and suggesting five key factors for future success.

Posted February 21, 2023

SVETA NEDELJA, Croatia (BRAIN) — After acquiring a majority interest in Greyp in 2021, Porsche announced the Croatian e-bike brand will operate under the Porsche eBike Performance group.

Posted February 17, 2023

TOYKO (BRAIN) — Shimano is forecasting a company-wide 20.5% drop in net sales for its fiscal 2023, citing global economic conditions and supply chain disruptions. It's forecasting bike division sales will be down 23%.

Posted February 17, 2023

Former members of the professional mechanics' group provided an update.

Posted February 16, 2023

WASHINGTON (BRAIN) — Linus Bikes is recalling some Cesta 500 and Ero 500 e-bikes because the fork can crack.

The company has had no reports of incidents or injuries as a result of the issue. 

Posted February 15, 2023
$180,000 acquisition still needs court approval.

PHILADELPHIA (BRAIN) — A Brooklyn, New York, company has agreed to acquire the intangible assets of the bankrupt sporting goods chain Olympia Sports for $180,000. The assets include CleverTraining, an e-commerce retailer that was once active in the cycling and triathlon markets.

Posted February 15, 2023

WASHINGTON (BRAIN) — Lithium-ion battery fires and e-bike standards generated plenty of debate within the industry in 2022, but little argument exists within the industry over how some unregulated packs and bikes enter the U.S. and become potentially hazardous products.

Posted February 15, 2023
Happy guy in bike shop - stock Getty image

The IBD isn't dead, but it definitely ain't what it used to be. Suppliers, too. In fact, the entire specialty retail channel is adapting to a new way of doing business.

Posted February 14, 2023
Brad Burton.

BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: How have you been affected by the glut of product currently in the market, and what are you and your suppliers doing to manage the situation?