News
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.

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.

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.

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.

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.

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.

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

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.

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

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.