News

SEATTLE (BRAIN) — REI Co-op reported a record $3.85 billion in sales in 2022, an increase of 3.2% year-over-year. It released its financial results and impact report Wednesday.

MONTEREY, Calif. (BRAIN) — Bryce Phillips, founder and CEO of Evo, may have spent his formative years as a professional skier but his Seattle-based company, founded in 2001, has become a major retailer selling equipment in more than a half-dozen categories.

MONTEREY, Calif. (BRAIN) — In the days before the opening of the Life Time Sea Otter Classic here on Thursday, many brands announced new products that they will show in person at the event's expo. Many other brands plan to make public announcements of new products on Thursday morning.

MONTEREY, Calif. (BRAIN) — Wild Rye, an outdoor and cycling apparel brand, has teamed with Juliana Bicycles to launch a limited-edition apparel collection. Wild Rye and Juliana are both women-first brands.

MONTEREY, Calif. (BRAIN) — Ryder Innovation, a South African tool and accessories brand, has opened an office in St. Petersburg, Florida, and is displaying at the Sea Otter Classic Expo this week, for the first time,

SEATTLE (BRAIN) — REI Co-op will close its downtown Portland, Oregon, store early next year in reaction to increased break-ins and thefts.

LEXINGTON, S.C. (BRAIN) — HLC will become the exclusive North America distributor of Yuba Bikes, with cargo and e-cargo models and add-ons available on HLC's website in early May.
NEW YORK (BRAIN) — The City Council on Monday introduced two more bills in response to escalating lithium-ion battery fires in the city.

WASHINGTON (BRAIN) — JBM International Electric is recalling adult bike helmets sold exclusively on Amazon because they don't comply with Consumer Product Safety Commission standards for positional stability.

MINNEAPOLIS (BRAIN) — Erik's Bike Shop is now authorized to ship Specialized bikes purchased from its website directly to consumers in the U.S.
(BRAIN) —Rob Einaudi hadn’t worked in a bike shop since the mid-1990s. After a couple decades of experience with automotive marketplaces and communities, this lifelong avid cyclist was looking for a way back into the bike industry.

Industry consultant Jay Townley says the industry bears responsibility to deal with e-bike safety concerns.