Retail News

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported a second consecutive year of record full-year net sales for the period ending Jan. 29.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — In hopes of giving Northern retailers some insight about how to prepare, we asked 2,000 shops in the South about their January and February sales.

ROSEVILLE, Calif. (BRAIN) — Retail chain Mike's Bikes has made its first retailer acquisition since it was bought by Pon Holdings last year. The chain has acquired Roseville Cyclery, which has been renamed Mike's Bikes of Roseville, the 14th Mike's Bikes location.

Bud and David Hunt.

IDYLLWILD, Calif. (BRAIN) — David "Bud" Hunt Jr., the owner of The Bike Route here, died on Feb. 23 at 93.

Hunt had run the store in this small mountain town above Palm Springs since 1973.

NEW YORK (BRAIN) — REI Co-op in Manhattan became the first store in the company's chain to unionize, with the announcement coming Wednesday night. By a vote of 88-14, the SoHo location will join the Retail, Wholesale and Department Store Union.

Bike service discount is increased for members.

SEATTLE (BRAIN) — REI Co-op announced changes to and raised the price of its membership program Wednesday, including doubling the shop service discount.

BOSTON (BRAIN) — Landry's Bicycles enters year 100 with the announcement Wednesday that it is now completely employee-owned.

SIGNA Sports United is the owner of Wiggle CRC.

PARK CITY, Utah (BRAIN) — Hap Seliga, a co-founder of Competitive Cyclist and former executive at Backcountry and Specialized, has joined SIGNA Sports United as head of its North American bike operations.

Retailers asked to be on the lookout.
Andrew Busch.

SANTA ROSA, Calif. (BRAIN) — The Sonoma County District Attorney's Office issued a felony arrest warrant for a man stealing bikes from retailers using fraudulent identification and credit cards.

Jannie Fitzgerald.

BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: What’s your outlook for 2022, and what steps are you taking to position your business for it?

Tagged From the Magazine

INDIANAPOLIS (BRAIN) — Specialized Bicycle Components added to its growing list of company-owned retail stores by acquiring the four-store Gray Goat Bicycle Co. chain, two sources have told BRAIN.

Specialized and Gray Goat Bicycle Co. President/Owner Brian Gootee declined comment.

Tagged Mergers, Acquisitions & Investments
Photo from the grand opening of Decathlon's San Francisco store.

SAN FRANCISCO (BRAIN) — Decathlon says it will focus on its online business in the U.S., as well as sales through retail partners, after closing its two trial retail locations in the Bay Area.

ASHEVILLE, N.C. (BRAIN) — Kent Cranford, the owner of Motion Makers bike shop here, said the more he thinks about Specialized's new consumer-direct sales channel for bikes, the more accepting he is.

RIVERSIDE, Calif. (BRAIN) — Online retailer Jenson USA will provide suspension service, pledging factory-level repair for forks and shocks.

ARLINGTON, Va. (BRAIN) — Trek Bicycle is buying the Washington, D.C.-are retail chain Spokes, Etc., 

The store announced the purchase on its Facebook page this weekend.

DENVER (BRAIN) — Bikes — even, or especially, the cheapest ones — should be repairable, according to a petition to the industry being led by a group of nonprofit bike shop mechanics.

Jenny Moore

BOULDER, Colo. (BRAIN) — This month we introduce our brand new 2022 State of Retail panelists.

Tagged From the Magazine

BALTIMORE (BRAIN) — Trek Bicycles has purchased Maryland's Race Pace Bicycles, which has seven locations in the Baltimore area.

Owner Alex Obriecht announced the sale this week to employees, and later to consumers on social media.

Tagged Mergers, Acquisitions & Investments
Police photo of Brian Arredondo.

LOWER ALLEN TOWNSHIP, Pa. (BRAIN) — Police served an arrest warrant on a 34-year-old Florida man wanted in connection to credit card fraud at several Pennsylvania bike shops last year.

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is offering dealers an opportunity to buy a report from its recent consumer buying study. A report tailored for the group's retailer members will sell for $399, far less than the $5,000 report being offered to suppliers.

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