Retail News

FORT WAYNE, Ind. (BRAIN) — The owners of Summit City Bicycles & Fitness have announced the sale of their business to Trek Bicycle.

Tagged Mergers, Acquisitions & Investments
Tomias Hinchcliff opened the store in 1974 when he was 18.
Tomias Hinchcliff.

EASTON, Pa. (BRAIN) — Trek Bicycle has acquired Genesis Bicycles, a single-store operator in the Lehigh Valley.

Tagged Mergers, Acquisitions & Investments
Max Davis (left) and Gil Lavi at a pop-up event last year.

NEW YORK (BRAIN) — Rubber N' Road, a retailer that held two series of weekend pop-up events in the city last year, will hold its first 2021 events this month.

Like last year's events, the pop-ups are being hosted on Sundays only at Volvo Cars Manhattan, which is the car brand's flagship US studio.

WASHINGTON (BRAIN) — The Paycheck Protection Program has been extended another 60 days until May 31 for small-businesses owners to apply for financial assistance in the wake of the COVID-19 pandemic.

Tagged Coronavirus

BOULDER, Colo. (BRAIN) — Holden Nimmer was receiving a shipment of Giant bikes Monday afternoon when he heard the gunshots.

The Bennett's crew circa 1980. (ID's below)

STATEN ISLAND, N.Y. (BRAIN) — Tom Riccio walked into Bennett’s Bike Shop in 1993 to buy his five-year-old son’s first bike. He left with four bicycles and a connection to a community that would keep going for the next 27 years. “We decided in the store to become a family of bike riders,” he said.

Howard Chung.

BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your hiring challenges, and how do you manage them? Are you re-evaluating hiring practices to attain more diversity?

Tagged From the Magazine

PITTSBURGH (BRAIN) — The Dick's Sporting Goods senior women's leaders announced an advertising campaign Thursday to showcase the company's efforts to assist women and girls on and off the field.

Tagged DEI and Sustainability
Bradley Knirnschild pleaded guilty to stealing more than $40,000 in bikes from retailers in multiple states.

BOISE, Idaho (BRAIN) — Prosecutors say Bradley Knirnschild had a bad habit of renting bikes and vans that he never returned. 

UPDATED: "Even in a bike drought, you have to keep doing the good work," CEO Ken Martin says.
Security video footage showed the thieves drive up, attach the trailer and drive off.

NOVATO, Calif. (BRAIN) — Police have recovered a 40-foot container full of donated used bikes that were stolen from Mike's Bikes' headquarters over a week ago. The bikes were collected by the Mike's Bikes Foundation and were to be shipped to Botswana, Africa. 

"Women of the Bicycle Industry" held in conjunction with International Women's Day.

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association women's virtual networking event is scheduled for March 8 as part of International Women's Day.

Tagged DEI and Sustainability
Owner Peter Dorantes in front of his Storck store in Santa Clarita.

SANTA CLARITA, Calif. (BRAIN) — German brand Storck Bicycle GmbH is expanding its business in Northern America. With the help of a new exclusive partner, a Storck Concept Store has just opened here.

SEATTLE (BRAIN) — REI Co-op announced the location of its first corporate satellite office, five months after selling its newly constructed corporate campus and revealing plans to move to a modified remote work environment.

Photo by Paul Tolme/Cascade Bicycle Club

SEATTLE (BRAIN) — When the co-founder of the Seattle Pedaling Relief Project recently added up the weight of all the food and supplies the nonprofit initiative has delivered on behalf of food banks since last spring, he was stunned at the number: 88 tons. “I was blown away,” says Maxwell Burton.

Tagged Coronavirus / DEI and Sustainability

PORTLAND, Ore. (BRAIN) — Smash-and-grab thefts from bike shops have risen dramatically during the COVID-19 pandemic. But the phenomenon has led shop owners in several markets to start organizing and cooperating to share information. Some also are working more closely with local law enforcement, with mixed results.

BOULDER, Colo. (BRAIN) — For our February magazine edition, we asked our State of Retail panel members: "What would your dream bike shop be like, and where would you locate it?”

Tagged From the Magazine
Left to right: Dennis Uphoff, Gary Moore, Jim Burrus

MOUNTAIN VIEW, Calif. (BRAIN) — Longtime retailer Dennis Uphoff, the owner of The Off Ramp  — said to be the largest seller of bikes in NorCal for nearly 30 years — died Jan. 16th after sustaining an injury at home. He was 69.

CHICAGO (BRAIN) — Organizers of the CABDA Expo will unveil their newest event next week: CABDA Online. Taking the place of their usual, in-person first quarter events, the virtual B2B event hopes to offer some degree of normalcy for its attendees, show director Jim Kersten said.

Tagged CABDA

IRVINE, Calif. (BRAIN) — Heather Mason has been named president of the National Bike Dealers Association and officially will begin her new role at the nonprofit in February.

LAKEVILLE, Mass. (BRAIN) — Spark Bike Run Sports, a 10-year-old multi-sport retailer south of Boston, has announced on its website that the store has been purchased by Trek Bicycle.

Tagged Mergers, Acquisitions & Investments


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