News
It’s that time of year again. Dealers and suppliers are trying to put together orders for the 2023 season, and discovering there’s nothing to base their sales estimates on. Here’s a sample conversation I’ve heard about from a number of different retail business owners:
SEATTLE (BRAIN) — Rad Power Bikes denied that one of its e-bikes started a residential fire that caused property damage and led to a lawsuit being filed against the brand on Tuesday.
MADISON, Wis. (BRAIN) — Pon's Pacific Cycle has reduced its North American workforce in an attempt to restructure operations in response to what it called challenging economic conditions in the retail mass market segment.
NEW YORK (BRAIN) — Peloton has eliminated another 500 employees globally, in what the company's CEO termed "the final phase of the company's transformation journey."
SEATTLE (BRAIN) — Swift Industries is recalling about 1,800 rubber straps that were sold with some of its bike bags and separately this year. The company has received 129 reports of the straps breaking.
PHILADELPHIA (BRAIN) — State Farm Fire & Casualty and State Farm Mutual Automobile Insurance Company is jointly suing Rad Power Bikes on behalf of an insured client for property damage after his Rad Power e-bike caught fire.
CYPRESS, Calif. (BRAIN) — Two new e-MTB models have been added to Yamaha Bicycles' full-suspension lineup. The YDX-MORO 07 and YDX-MORO 05 are spec'd with Yamaha's PW-X3 mid-drive unit, Dual Twin frame, and Quad Sensor system.
EL PASO, Texas (BRAIN) — Helen of Troy reported second-quarter net sales growth of 9.7% year-over-year, with its Home & Outdoor group experiencing an 11.8% increase.
FORT MYERS, Fla. (BRAIN) — Hurricane Ian left at least one bike shop "utterly destroyed"— the Fort Myers Pedego store. It's likely that many more stores and the homes of their owners and employees were damaged or destroyed. Retailers who have been able to re-open are trying to quickly rescue customers' bikes that were submerged. And they are contemplating how their market will be affected as the area rebuilds.
BOULDER, Colo. (BRAIN) — PeopleForBikes on Tuesday released a final full agenda for its upcoming SHIFT '22 Conference in Bentonville, Arkansas.
A Massachusetts startup and a Slovenian brake pad manufacturer are each coming out with devices to speed up and standardize the process of bedding-in new disc brake pads and rotors.
(BRAIN) — The fourth annual Ebike Future Conference, an online event, will be held next week and boasts more than 50 speakers, including some well-known names in the U.S. industry.
MORGAN HILL, Calif. (BRAIN) — David Schriber, formerly with Nike, Burton, and Masterclass, will be joining Specialized as chief marketing officer effective Monday.
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