Industry News
LA CRESCENTA, Calif. (BRAIN) — Specialist distributor Euro-Asia Imports is closing down after more than 50 years selling mostly high-end parts for road, touring and fixed gear bikes.
CAMBRIDGE, Mass. (BRAIN) — The state's first solar-powered e-bike charging and rental station opened in Somerville on Thursday that's part of a collaboration between Metro Mobility and the Massachusetts Bay Transportation Authority (MBTA).
WASHINGTON (BRAIN) — The steel used in e-bikes, indoor trainers, exercycles and some hand tools is now subject to the Trump administration's Section 232 tariffs, which are up to 50%.
LAKEWOOD, Calif. (BRAIN) — Tern Bicycles is collaborating with used e-bike marketplace Upway to offer a trade-in program at U.S. dealers.
(BRAIN) — Tom Curran, a longtime industry executive at United Imports, Peugeot Cycles, Derby Cycle USA and Kemco, died on July 28 at age 68.
Friends said Curran passed after a long battle with cancer. The family has held a private memorial and no public obituary is available.
DACUN TOWNSHIP, Taiwan (BRAIN) — Taiwan bike makers Merida Industries and Ideal Bike are each reporting first-half comprehensive losses as the Taiwan dollar gains strength against most currencies. Giant and Shimano also have recently blamed poor earnings reports, in part, on exchange rates.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: Which point-of-sale system do you use, and how well does it meet your needs in terms of performance, features, and cost effectiveness?
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue slid 18% year-over-year with retail and online channels decreasing 19% and 16% respectively.
MUKWONAGO, Wis. (BRAIN) — A liquidator is auctioning the remaining assets of Fuell Inc., an e-bike and e-motorcycle brand founded by motorcycle innovator Erik Buell that entered Chapter 7 bankruptcy last October.
BOULDER, Colo. (BRAIN) — Stuart Walsworth, husband of PeopleForBikes' president and CEO, Jenn Dice, died following a mountain bike ride Aug. 1 in Colorado. Funeral services for Walsworth, who was 58, will be Sunday at Greenwood & Myers Mortuary in Boulder.
TAIPEI (BRAIN) — Giant Group says its inventory-to-asset ratios have returned to "healthy pre-pandemic standards" following an inventory streamlining program. The company also said sales to its original equipment customers were up 30% in the first half of its fiscal year.
DULUTH, Ga. (BRAIN) — Fox Factory produced sales increases across all three of its divisions in the second quarter, with sales in its Specialty Sports Group — which includes its bicycle-related brands — up 11% over the same period last year.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its fourth consecutive period of growth with revenue increasing 61% in the second quarter led by double-digit expansion in all major product categories.
WASHINGTON (BRAIN) — Bicycle imports fell 11% in value in the first half of 2025, according to figures released by the Census this week. As the industry attempted to respond to tariff news out of Washington, its source nations changed significantly.
KOBLENZ, Germany (BRAIN) — Canyon’s sales in the first half were 398 million euros ($464 million), down about 5% from the first half last year.
TOKYO (BRAIN) — Shimano has revised its full-year forecasts due to a discrepancy between its second quarter results and the results it forecast for that period. The company also said a proposed settlement to a U.S. class action lawsuit over its crank recall is "reasonable."
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is calling on manufacturers, distributors, and retailers to adopt UL standards for e-bikes, lithium-ion batteries, and other e-mobility devices.
HONOLULU (BRAIN) — It's been one year since Marie Jobes launched HIdrate Electrolytes, a Hawaii-made and woman-owned hydration drink company. Designed for athletes training and racing in humid climates, the drink mix debuted at the Hapalua Half Marathon on the island of Oahu in 2024.
WASHINGTON (BRAIN) — New tariffs affecting nearly every U.S. trade partner were announced by the White House hours before the Friday "reciprocal" tariff deadline, including major bike supplying nations. The tariffs will take place Aug. 7, with the exception of Canada.
WASHINGTON (BRAIN) — President Trump signed an executive order that will eliminate the $800 import threshold for goods from all countries beginning Aug. 29, including e-bikes, lithium-ion batteries, and related bike parts and accessories that are often hazardous.
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