News
SEATTLE (BRAIN) — Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff as it continues to pivot more toward Rad Retail and local bike shops.
PHILADELPHIA (BRAIN) — Nearly 5,000 people attended the Philly Bike Expo on Saturday and Sunday at the Philadelphia Convention Center, with show director Bina Bilenky saying the show is returning to pre-COVID numbers.
A version of this feature ran in the March issue of BRAIN.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your top strategies and biggest obstacles when it comes to recruiting and retaining staff?
TAICHUNG, Taiwan (BRAIN) — China’s Zhonglu Co, through one of its subsidiaries, has acquired a 21% share in Factor Bikes while a private equity firm that includes Factor CEO Rob Gitelis also has made an investment. Together the two entities have acquired a majority share in Factor from exiting non-management shareholders, the company told BRAIN.
As we head into spring, two new initiatives may redefine how bikes get to dealers.
PHILADELPHIA (BRAIN) — VAR Tools has literally been on the cutting edge of quality bicycle tools since 1945 in Gellainiville, France. So there was some buzz at the Philly Bike Expo on Saturday over the debut of the second-generation Disc Brake Mount Facing Tool on display with curious onlookers watching it in action.
PHILADELPHIA (BRAIN) — The Philly Bike Expo began as a show catering to the custom framebuilder, but it evolved into a gathering of the whole bike industry with large and small brands mixing with single-person frame, paint, and manufacturing shops.
SALT LAKE CITY (BRAIN) — Scott Sports USA has unveiled its click-and-collect sales channel integrated with Locally that will include participating dealers across the continental U.S.
WASHINGTON (BRAIN) — Rep. Linda Sánchez on Tuesday introduced legislation to close the de minimus loophole that allows the duty-free importation of packages valued at under $800.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
WASHINGTON (BRAIN) — President Donald Trump announced on social media Thursday that he will impose an additional 10% tariff on imports from China, on top of the 10% he announced earlier this year.
WASHINGTON (BRAIN) — Canyon Bicycles USA is recalling some carbon fiber Speedmax CF triathlon bikes because their steerer tubes can crack or break. No incidents nor injuries have been reported.
BENTONVILLE, Ark. (BRAIN) — A program to help global cycling startups get established — and possibly do business in Arkansas — has chosen 10 participants for its first year.
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