News
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is now maintaining an e-bike database that includes supplier-provided information on certifications and insurance policies for bikes available in the U.S.
SEATTLE (BRAIN) — REI Co-op laid off about 8% of its headquarters' workforce at the end of January, impacting 167 leaders and employees as it faces increasing economic uncertainty.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. said its sales were down $40 million, to $755 million, in its third quarter, compared to the same period last year.
ANOKA, Minn. (BRAIN) — On the same day the company released its third-quarter earnings report, Vista Outdoor announced it appointed an interim CEO after its board asked Chris Metz to step down from the position.
LOS ANGELES (BRAIN) — Specialized Bicycle Components has shut down women's clothing brand Machines For Freedom, which it purchased from founder Jennifer Kriske five years ago.
(BRAIN) — Agustin Gonzalez, a former regional supervisor for bike delivery service Kitzuma, has opened his own delivery service to serve the West Coast and parts of the Southwest.
(BRAIN) — PIERER Mobility AG reported record revenues in its fiscal 2022, with sales of 2.437 billion euros ($2.65 billion), 19% higher than the year before. By unit, Pierer's sales of bikes and e-bikes were up 15% last year to 118,000 while sales of motorcycles were up 13%, to 376,000.
CLEVELAND (BRAIN) — REI Co-op and the Retail, Wholesale and Department Store Union failed to agree on a contract to hold an election at REI's Beachwood, Ohio, store last week. The National Labor Relations Board scheduled a hearing Friday.
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet bills its pilot store here as "The Denver metro area's largest bike shop."
TAIPEI, Taiwan (BRAIN) — Giant Group has agreed to make a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.
SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.
SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.
PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.
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