Retail News

LITTLE ROCK, Ark. (BRAIN) — Coffee and cycling go together as famously as peas and carrots. Doug Zell and Chris St. Peter decided to take it one fancy step farther.

Net sales and same-store sales are flat; e-commerce up 15%.

NEW YORK (BRAIN) — DICK'S Sporting Goods showed improvement in its first quarter, exceeding forecasts and raising its full-year guidance. The retailer reported net sales of $1.92 billion, up 0.6% over the same period last year.

Tagged Earnings/Financial Reports

LIBERTY, Mo. (BRAIN) — Erik's newest store here is its first in Missouri and third in the Kansas City metro area. The store opened Saturday.

CLEVELAND (BRAIN) — The Professional Bicycle Mechanics Association has announced a series of four manufacturer-direct training workshop, running from October this year through February 2020.

Tagged Retailer education

MONTRÉAL (BRAIN) — Mobile bike shop operators Velofix has closed a financing round with MacKinnon, Bennett & Company's MKB Partners Fund LP, a growth equity fund focused on clean energy, transportation, and smart cities.

Tagged Mobile service

BRATTLEBORO, Vt. (BRAIN) — Green Mountain Power, which provides electricity to much of Vermont, is offering a $200 rebate to its customers who buy e-bikes, e-cargo bikes or installed e-bike conversion kits at participating bike shops. 

Tagged Electric bike
Industry veteran Blair Clark talks to Kristin Carpenter about the brand's future.
Blair Clark in earlier times.

BOULDER, Colo. (BRAIN) — There are a lot of potential friction points when selling a bike online, not the least of which is a segment of independent retailers that are none too happy about the strategy.

SEATTLE (BRAIN) — REI Co-op has named Eric Artz its president and CEO, effective immediately. Artz has been serving as interim CEO since February, when he took over after the resignation of Jerry Stritzke.

MORRISTOWN, N.J. (BRAIN) — Marty Epstein, founder of Marty's Reliable Cycle, a three-store New Jersey retail chain, died Thursday after a multiyear battle with cancer. He was 69.

BASKING RIDGE, N.J (BRAIN) — A memorial service will be held for Liberty Cycle owner Greg Cordasco on May 15.

Pete Buhl, Beeline Bikes

DURANGO, Colo. (BRAIN) — On the fifth episode of a special series of podcasts copresented by Verde Brand Communications and Bicycle Retailer & Industry News, Pete Buhl, the president and co-founder of Beeline Bikes, talks to Verde's Kristin Carpenter.

Tagged Podcast / Mobile service

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.

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