Retail News

BASKING RIDGE, N.J. (BRAIN) — Greg Cordasco, a former bond trader who left Wall Street to follow his passion of owning and operating a neighborhood bicycle shop in New Jersey, died Wednesday of brain cancer.

He was 56. He is survived by wife Ingrid and three children.

The store's Citroën is a fan favorite.

Decathlon has adopted its business model to work in 48 wildly different countries on five continents in some 1,600 stores — but is just starting in the U.S. With global bike sales estimated at $2.2 billion in 2018, it is arguably the world's largest bicycle retailer on a revenue-basis, moving some 4.5 million bikes annually, and outfitting more cyclists in its private-label bike clothing than any other brand.

Decathlon USA COO Sophie O'Kelly de Gallagh

Podcast host Kristin Carpenter talks with Sophie O'Kelly de Gallagh about the U.S. launch for the giant France-based retailer.

PHILADELPHIA — (BRAIN) Joe Wentzell didn’t know it at the time, but his ambition to participate in triathlons would play a role in helping save a woman’s life.

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association's new program, P2 Launch, is being positioned as an entry-level version of the dealer organization's Profitability Project (P2), a peer-to-peer program intended to help retailers increase profitability.

DURANGO, Colo. (BRAIN) — Erik Saltvold of Erik's Bikes, Board and Ski is the latest guest on a special podcast series produced by Verde Brand Communications and BRAIN. 

BROOKLYN, N.Y. (BRAIN) — 718 Cyclery, a small shop that has developed a big reputation with regional adventure riders and others, is launching a new side business online, The Bike Bag Market.

In first episode of podcast series, SRAM's Kate Powlison discusses the AXS launch

BOULDER, Colo. (BRAIN) — On Monday, BRAIN and Verde Brand Communications launched the first in a series of podcasts devoted to the evolution of the bike market and cycling community.

Spinlister’s kiosk bike rental system works with nearly any iOS tablet.

SANTA BARBARA, Calif. (BRAIN) — Spinlister, which started as a peer-to-peer bike-share platform in 2012, has been reborn with technology that can help IBDs dip a toe into the micromobility boom.

DEL MAR, Calif. (BRAIN) — The industry is moving ever closer to a long-held goal of creating a standardized mechanic certification.

SEATTLE (BRAIN) — REI Co-op had record sales in 2018 of $2.78 billion, up 6 percent over the prior year. The co-op also said it added more than 1 million new members last year, bringing its total membership to 18 million.

Tagged Earnings/Financial Reports
Ryan Atkinson

DURANGO, Colo. (BRAIN) — Ryan Atkinson, co-owner and president of SmartEtailing.com, sees click-and-collect retail as the opportunity to reconnect consumers to stocking retailers.

Linda Collier Mason Mugshot courtesy Bexar County Sheriff’s Office

SAN ANTONIO, Texas (BRAIN) — A 67-year-old woman has been charged with DWI and intoxicated assault in connection with the death of local entrepreneur Tito Bradshaw, who died after being struck by a car while bicycling early Monday.

Brad Hill

NASHUA, N.H. (BRAIN) — Brad Hill is throwing a party Saturday night that will include a roster of industry leaders and top dealers plus current and former employees of his three-store network — Goodale’s Bike Shop.

CHINO Calif. (BRAIN) — Police have arrested three suspects in a bike shop robbery during which a store manager was critically injured in this Southern California community.

2019 winners to be announced Oct. 1.

IRVINE, Calif. (BRAIN) — On Wednesday, the National Bicycle Dealers Association will open the application period for the 2019 America's Best Bike Shops program.

Pat Sorensen

MINNEAPOLIS (BRAIN) — Twin Cities retailer Penn Cycle plans to close its six locations Monday evening; they will reopen Friday under the Freewheel Bike name, according to a Facebook post by Penn Cycle's owner, Pat Sorensen. Freewheel Bike currently has three locations in the area.

SAN LUIS OBISPO, Calif. (BRAIN) — A trio of employees has purchased brick-and-mortar and online retailer Art's Cyclery and has wound down the e-commerce business in favor of focusing on local customers at its new location on California's Central Coast.

SEATTLE, Wash. (BRAIN) — REI Co-op says it's targeting the bike category for growth with the addition of Cannondale bikes and parts & accessories from the Trek-owned Bontrager brand at all 154 of its U.S. locations and online this year.

COLORADO SPRINGS, Colo. (BRAIN) — The City Council here has approved a $16.2 million tax incentive for Scheels, which hopes to open its second Colorado location on the north side of the city in early 2021. Scheels, based in Fargo, N.D., has 27 locations and is one of the country's largest retailers of dealer quality bikes and accessories. It was Trek Bicycle's #1 dealer last year.

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