News
MONTRÉAL — Montréal-based athletic wear company Lolë Brands has acquired Louis Garneau Sports including its three brands Garneau, Sugoi and Sombrio.
WASHINGTON (BRAIN) — The Biden administration Friday said it will propose new trade rules under executive authority to stop the abuse of the de minimis threshold that can allow imports — including e-bikes and lithium-ion batteries — to circumvent safety standards.
MERRILLVILLE, Ind. (BRAIN) — CSC Generation Enterprise, which owns and operates e-commerce retail businesses in several categories, has acquired Backcountry.com, including its MotoSport, Competitive Cyclist and Steep and Cheap businesses.
(BRAIN) — Former top BMX racer Harry Leary died Sept. 7 of heat exhaustion in the Arizona desert, according to a USA BMX Instagram post. He was 65.
BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: What would be your TED Talk about bicycle retail? What do you wish someone had told you before your bike industry career?
With world-class resources and marketing budgets to match, you'd think large global companies could easily take a big position in the bike business if they wanted. So why haven't they?
WASHINGTON (BRAIN) — Delta Cycle Corp. is working with U.S. and Canadian authorities to recall more than 25,000 of its Ceiling Hoists with Straps storage products, which are used to store bikes, kayaks,canoes or other large objects. The company says the plastic buckles on the straps can break.
SAN FRANCISCO (BRAIN) — Bikeshare company Lyft announced a restructuring plan that includes laying off about 1% of its workforce — affecting about 30 employees — and no longer operating standalone dockless bikes and scooters.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.8% in the second quarter and improved its full-year outlook.
SACRAMENTO (BRAIN) — A California bill that will more specifically define what is (and is not) an electric bike is closer to becoming law.
SEATTLE (BRAIN) — Estelle Gray, a longtime retailer and industry leader, died July 26 at 69, three years after being diagnosed with bladder cancer.
RENTON, Wash. (BRAIN) — Alta Cycling Group, the parent of Redline, Diamondback and IZIP, has scaled back significantly as its private equity owners wait out the industry’s current period of discounting and high inventory.
DENVER, Colo. (BRAIN) — Spot Brand is suing Gates Corp. alleging the Denver-based belt-drive maker hasn’t been paying its licensing fees for the use of its patent for a frame feature allowing the installation of Gates’ seamless Carbon Drive systems.
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