News

WASHINGTON (BRAIN) — The Consumer Product Safety Commission recalled Ecnup multipurpose kids bike helmets sold on Amazon because they don't comply with federal safety standards for coverage, positional stability, and labeling.

NEWBURY PARK, Calif. (BRAIN) — Giant Bicycles says it is aware of a fraudulent website mimicking its U.S. domain and has started the process of eliminating it by notifying the Federal Trade Commission, which investigates online scams in the U.S., and the brand's global legal team in Taiwan.
NEW YORK (BRAIN) — Peloton’s fiscal year has concluded with $1.13 billion in revenue, down 48% from the prior year and 64% from the year before that.
The company’s net loss for the year was $1.26 billion, partly a result of a costly seatpost recall that was announced in May.

DENVER (BRAIN) – Pactimo is working with Maui artist Welzie to create a Love Maui Love Collection of jerseys and running shirts, with sales proceeds dedicated to supporting those devastated by the recent Maui fires.

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 3.6% year-over-year in the second quarter and after an organizational review eliminated some customer support center jobs on Monday.

CYPRESS, Calif. (BRAIN) — Yamaha Bicycles started a click-and-collect program through its network of dealers, giving customers the option to buy online and pick up at the nearest Yamaha dealer.

BOULDER, Colo. (BRAIN) — HydraPak, owner of the Polar Bottle brand, has released two different Limited Edition Sport Insulated 24 ounce bottles to support those impacted by floods in Vermont and wildfire in Hawaii.

WATERTOWN, Conn. (BRAIN) — A 25-year old Connecticut packaging supply company has new technology that it claims will suppress lithium-ion batteries being stored or shipped.

NEW YORK (BRAIN) — Peloton launched a B2B division that will offer its hardware and interactive software to clients in hospitality, corporate wellness, gyms, and community wellness.

LAHAINA, Hawaii (BRAIN) — West Maui Cycles owner Jamie Boote awoke the morning of Aug. 9 to find the power out and winds whipping in his neighborhood. He and his wife, Dawn, went to the shop to secure loose objects before heading home through a tangle of downed power lines. That would be the last time the Bootes saw their bike shop.

NEW YORK (BRAIN) — E-bike reseller Upway will offer a repair program exclusively for VanMoof owners here beginning the week of Sept. 4.

BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: What do you do for professional development?