News

Posted May 5, 2023

NEW YORK (BRAIN) — Emerald Holding, Inc. had revenues of $122.3 million for the first quarter of 2023, an increase of 24.2% over the same period last year. Net income was $7.1 million for the quarter, compared to $16.1 million for the first quarter of 2022.

Posted May 5, 2023

CHICAGO (BRAIN) — The REI Co-op store employees here voted Thursday night to join the Retail, Wholesale and Department Store Union (RWDSU). It's the fourth REI location to join the union.

According to the RWDSU, 84% voted to unionize.

Posted May 5, 2023

DENVER (BRAIN) — Capo Cycling Apparel has been acquired by industry veteran Zach Spinhirne-Martin from its founders, Robert Carbone and Gary Vasconi.

Capo, founded in 2004, is a U.S.-based brand that sells Italian-made apparel. 

Posted May 4, 2023
On an earnings call, Fox's CEO reveals that Fox made layoffs in its bike division in Q1 and is close to making a small acquisition in the industry.
Fox released updated Float mountain bike shocks last month.

DULUTH, Ga. (BRAIN) — Fox executives said the decline was a return to seasonality after several years of pandemic-driven demand for its Speciality Sports Group products.

Posted May 4, 2023
The cycling brand will focus on road, gravel, e-bikes and urban cycling

Boulder, Colo. -  May 4, 2023 – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, announced the launch of a new cycling media product, Velo, at an industry webinar today.

Posted May 4, 2023
Fox Racing president Jeff McGuane says industry inventory levels are improving and discusses Fox integration in an earnings call.

ANOKA, Minn. (BRAIN) — Vista Outdoor’s Action Sports business unit recorded net sales of $496 million in its most recent fiscal year, a 23% increase from the prior year.

Posted May 3, 2023

OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%.

Posted May 1, 2023

SAN FRANCISCO (BRAIN) — A bike rider is suing Rad Power Bikes here in superior court claiming his Rad Runner Plus e-bike caused him to fall and sustain injuries and property damage.

Posted April 28, 2023

STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales were down 26.6% year-over-year, largely due to declining bike-product demand from retailers lowering inventory levels.

Posted April 27, 2023

SEATTLE (BRAIN) — Rad Power Bikes laid off an undisclosed number of employees, its fourth round of workforce reductions in a year.

Posted April 27, 2023

OLYMPIA, Wash. (BRAIN) — Washington state is poised to become the eighth state to approve rebates or incentives for purchasing e-bikes, an important tool to get more people out of cars and onto bicycles for climate, equity, and sustainability goals.

Posted April 27, 2023

DAYTON, Ohio (BRAIN) — Longtime industry professional Bob Stomel died Tuesday. He was 59. Stomel's 45-year career began working in a local bike shop in Philadelphia and concluded with him as director of sales for Huffy Corp.

Posted April 27, 2023
John Bastian.

MONTEREY, Calif. (BRAIN) — Speaking at the recently concluded Sea Otter Classic Summit, John Bastian is bullish on the long-term prospects for the global bicycle industry. But he's cautious on its short-term prospects as world events roil the marketplace.

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