News

Posted October 25, 2022
Sales in company’s bike segment are up 21% year to date.

OSAKA, Japan (BRAIN) — Shimano said “strong interest” by consumers in bicycles shows signs of cooling down, but demand is still higher than it was prior to COVID-19.

Posted October 24, 2022

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association and consultant group Human Powered Solutions are asking retailers and suppliers to participate in a survey on e-bike lithium-ion battery incidents.

Posted October 21, 2022

BOULDER, Colo. (BRAIN) — E-bike sales in the U.S. have grown 300% in the past five years. More and more retailers are saying, "E-bikes are our future." Despite the rosy glow around the category, there are concerns among the movement's leaders. So let's take a look at the five challenges that lie ahead.

Posted October 21, 2022

KIRKWOOD, Mo. (BRAIN) — Since he began offering ultrasonic carbon fiber inspections in June, St. Louis-area carbon repair and paint shop owner Nick Hand has found manufacturing defects in two bikes that showed no signs of damage.

Posted October 21, 2022

BENTONVILLE, Ark. (BRAIN) — The industry's first U.S. e-bike battery recycling program nears a notable milestone seven months after it was established.

Posted October 20, 2022
The guidebook will be online at the end of the year.
Opus Bike has redesigned packaging to reduce the use of plastic.

BENTONVILLE, Ark. (BRAIN) — PeopleForBikes announced at the SHIFT '22 conference on Tuesday the completion of its first Sustainable Packaging Guidebook that will be available to the industry at the end of the year.

Posted October 17, 2022

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet laid off 15% of its workforce last week, the certified used bike and component retailer confirmed to BRAIN on Monday.

Posted October 16, 2022

STOCKHOLM (BRAIN) — MIPS reported third-quarter net sales decreased 39% year-over-year, citing reduced demand for bike helmets in its Sport category.

Posted October 15, 2022

SEYMOUR, Conn. (BRAIN) — As Sweden-based Thule Group's executives are warning investors of a sharp decline in sales and earnings due to a softening bike sector, the company's Americas division is making organizational changes that include 34 staff cuts in management, product development, and manufacturing. 

Posted October 14, 2022

DALLAS (BRAIN) — New e-bike brands arrive by the boatload these days, but, if for nothing else, Denago deserves a second look based on its all-star leadership team of industry vets.

Posted October 13, 2022

WASHINGTON (BRAIN) — Ancheer is recalling about 22,000 e-bikes, sold by e-commerce sites including aliexpress, amazon.com, eBay and others because the bikes' lithium-ion batteries can ignite, explode, or spark. 

Posted October 13, 2022

ASHEVILLE, N.C. (BRAIN) — With Clint Spiegel leading an Industry Nine manufacturing tour, you'll need to hustle to keep up. His enthusiasm for what he and his team accomplish daily obviously puts a spring in his step. He's not so much in a rush as he is just excited to show and tell his company's story of quickly becoming one of the bike industry's most iconic and innovative brands.

Posted October 13, 2022

SEYMOUR, Conn. (BRAIN) — Thule Group has made another unusual mid-quarter financial statement, warning investors that its revenues and profits will be down significantly in its third quarter due to over inventory in the bicycle retailer sector. 

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