Retail News

Some retailers say this was the year to quit while they were ahead. Some are getting some help from Trek Bicycle.

FLOWER MOUND, Texas (BRAIN) — This year's bike boom left many retailers with empty shelves, bulging bank accounts, and greatly reduced debt. It also left many exhausted. More than a few have decided this was the perfect time to get out of the retail grind, one way or another.

Tagged Mergers, Acquisitions & Investments
Abell and Agnew in a photo from the store blog.

AUSTIN, Texas (BRAIN) — Hill Abell and Laura Agnew, the owners of Bicycle Sport Shop, have agreed to sell the business to Trek Bicycle. 

BOULDER, Colo. (BRAIN) — For our December magazine edition, we asked our State of Retail panel members: “How has COVID-19 affected your service department in terms of revenue, cost, hiring, and training?”

Tagged State of Retail / From the Magazine
Stanfill and Kallista at CABDA in 2018

ASHEVILLE, N.C. (BRAIN) — James Stanfill is stepping down as president of the Professional Bicycle Mechanics Assocation, a group he helped form in 2016.

Tagged Retailer education
Getty Images.

BOULDER, Colo. (BRAIN) — Bicycle retailers on the SmartEtailing platform had record-setting conversion rates, revenue per session numbers, and year-over-year sales growth on Cyber Monday.

A pre-holiday display Wednesday at Longmont (Colo.) Bicycle & Coffee Co.

LONGMONT, Colo. (BRAIN) — Bicycle online sales volume on Black Friday through Cyber Monday is projected to be higher than the surge in May, when the COVID-19 pandemic sparked the industry boom.

CHICAGO (BRAIN) — Bike Shop Day 2020 will take place after all.

Justyna Frank of Cosmic Bikes in Chicago took the organizational reins from event creator Joe Nocella of 718 Cyclery and will mark the event Dec. 5.

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported third-quarter revenue increased 22.9% year-over-year led by a continued rise in e-commerce, which grew 95%, and record store sales.

Tagged Earnings/Financial Reports
Annual food drive has half as many events as last year.

SANTA FE, N.M. (BRAIN) — The annual bicycle-inspired food drive known as Cranksgiving will have fewer events this year as a result of the COVID-19 pandemic. Just over 50 events are scheduled in North America, compared to a record 112 last year with more than one million meals provided.

Parisians are turning to bikes for commuting instead of public transportation. Photo: James Startt

As much of Europe hunkers down as it struggles with a hard-hitting second wave of the coronavirus, in cities like Paris, bike shops are a playing key role in keeping the metropolis alive and moving.

Last year, 119 bike shops participated in 35 states and seven countries.

BROOKLYN, N.Y. (BRAIN) — Like most retailers, Joe Nocella has had his hands full with navigating the COVID-19 pandemic and the sales and service boom that began earlier this year.

BLOOMINGTON, Minn. (BRAIN) — Erik's Bike Board and Ski is moving its headquarters from Bloomington to the Minneapolis University neighborhood this month.

BIG FLATS, N.Y. (BRAIN) — Stan's NoTubes officially is expanding into the off-road outdoor equipment market with its tubeless sealant.

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: “What long-term changes have you made to your business as a result of COVID-19?”

Tagged State of Retail / From the Magazine
The multi-sport e-commerce brand with a growing dealer network will move to a 200,000-square-foot distribution center outside of LA in early 2021.
With bike sales leading the way, Retrospec will expand footprint.

LOS ANGELES (BRAIN) — With product line and revenue growing, it was only a matter of time before Retrospec grew out of its Los Angeles home.

LAWRENCE, Kan. (BRAIN) — Sunflower Outdoor & Bike Shop, a nearly 50-year-old retailer in downtown Lawrence, has added a cafe that offers coffee, beer and snacks, as part of store redesign that adds more space for customers to socialize — while maintaining some social distance.

FORT LAUDERDALE, Fla. (BRAIN) — Sam Nehme might own Broward Motorsports, but he's a mountain biker at heart.

"I've always been on a Specialized, and I really wanted to have the full line (of bikes) and be a full-on store," Nehme said.

Tagged Electric bike

SEATTLE (BRAIN) — REI Co-op will expand its used gear and apparel sales and trade-in program with the creation of two standalone stores opening this month.

Ridepander co-owners Chinmay Malaviya, left, and Charlie Depman.

SAN FRANCISCO (BRAIN) — Long before Chinmay Malaviya and Charlie Depman met and formed an online marketplace for electric vehicles, they worked for environmental nonprofits in India and China. Their passion to reduce pollution and slow climate change led to a partnership to create Ridepanda.

Tagged Electric bike
Voltaire Cycles now has three franchise locations.

BEND, Ore. (BRAIN) — Voltaire Cycles will open its third e-mobility franchise — this one in Bend, Oregon — offering road and off-road personal electrical vehicles for rent and purchase.

Tagged Electric bike


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