News
PHILADELPHIA (BRAIN) — A Brooklyn, New York, company has agreed to acquire the intangible assets of the bankrupt sporting goods chain Olympia Sports for $180,000. The assets include CleverTraining, an e-commerce retailer that was once active in the cycling and triathlon markets.
WASHINGTON (BRAIN) — Lithium-ion battery fires and e-bike standards generated plenty of debate within the industry in 2022, but little argument exists within the industry over how some unregulated packs and bikes enter the U.S. and become potentially hazardous products.
The IBD isn't dead, but it definitely ain't what it used to be. Suppliers, too. In fact, the entire specialty retail channel is adapting to a new way of doing business.
BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: How have you been affected by the glut of product currently in the market, and what are you and your suppliers doing to manage the situation?
OSAKA, Japan (BRAIN) — Sales in Shimano’s bicycle-product division hit another record in 2022, reaching 517.4 million yen ($3.885 billion) up 16.6% from the year prior.
WASHINGTON (BRAIN) — In cooperation with the U.S. Consumer Product Safety Commission and Health Canada, Bell Sports/Giro is voluntarily recalling its Merit helmets because the straps on some models manufactured before January might disengage when pulled with relatively little force.
STOCKHOLM (BRAIN) — Thule Group fourth-quarter net sales declined 10.6% year-over-year with CEO Magnus Welander blaming reduced bike product demand from retailers who lowered inventory after large preseason orders.
BOULDER, Colo. (BRAIN) — Two trade organizations and some well-known experts find themselves in opposition as the industry reacts to well-publicized fires, deaths, and injuries involving e-bikes and e-mobility devices.
BEVERLY, Mass. (BRAIN) — Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January.
STOCKHOLM (BRAIN) — A 50% drop in bike helmet sales in the fourth quarter led to MIPS' net sales decreasing 46% year-over-year. For the year, the helmet technology company experienced a 7% drop in net sales.
TAICHUNG CITY, Taiwan (BRAIN) — SRAM will open a new 100,000-square-meter facility next year, continuing more than three decades of manufacturing here.
PALO ALTO, Calif. — In addition to giving more kids access to bikes and places to ride, the nonprofit Outride organization also studies cycling’s cognitive and physical benefits.
LONDON (CYCLINGTIPS) — Iconic bike café and workshop Look Mum No Hands! has closed for good.
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