Industry News
SANTA FE, N.M. (BRAIN) — The annual bicycle-centric Thanksgiving food drive Cranksgiving marks its Silver Anniversary with more than 100 cities participating.
OBERWANGEN, Switzerland (BRAIN) — myStromer AG said it will end its business in the U.S. and Canada immediately.
(BRAIN) — Larry Pizzi is joining Pedego as its chief executive officer. The long-time e-bike industry member most recently was general manager and chief commercial officer of Alta Cycling Group.
NEWBURY PARK, Calif. (BRAIN) — John "JT" Thompson will move from general manager to a senior advisory role with Giant USA, which announced Monday a series of leadership changes approved by its Board of Directors.
AMSTERDAM (BRAIN) — VanMoof resumed e-bike sales and service in the United Kingdom Monday after the brand was acquired by British e-mobility company Lavoie last year.
STOCKHOLM (BRAIN) — Thule Group signed an agreement to acquire Australian phone mount manufacturer Quad Lock for AU$500 million ($327 million).
BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: How would you gauge the current consumer demand for bikes, service, apparel, parts, accessories?
TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first nine months of its fiscal year were down 7.1% compared to the same period last year. The company said that while bike inventory levels continue to decline in Europe and North America, order placement by the company's OE and retail customers is conservative.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Revelyst business unit, which contains its bike-related brands, recorded sales of $315 million in the company's fiscal 2Q25, a 3.9% decline year-over-year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the third quarter fell 12% year-over-year, but its founder and CEO Nicholas Woodman said reducing expenses next year will help lead a return to growth.
BOISE, Idaho (BRAIN) — A conservationist is suing the Department of Interior, the Bureau of Land Management, and several state land management agencies over e-bike usage on a section of singletrack trails in the Sun Valley area.
CYPRESS, Calif. (BRAIN) — Yamaha will stop wholesaling e-bikes in the U.S. market at the end of the year, the company told BRAIN on Friday. But the brand said it will offer dealers and consumers service and parts for "years to come."
DULUTH, Ga. (BRAIN) — Fox Factory reported Thursday that sales in its bicycle-related brands grew 38.7% in the third quarter, compared to the same period last year.
(BRAIN) — Compass Diversified saw a net sales increase of 11.8% in its third quarter and recorded net income in the quarter of $31.5 million — compared to a net loss of $3.8 million in the same quarter last year.
(BRAIN) — Eight international cycling companies — Accell, Canyon, Quality Bicycle Products, Rose, Schindelhauer, Schwalbe, Scott, and Trek — have launched an online training course aimed at educating the industry to help reduce greenhouse gas emissions across global supply chains.
OLATHE, Kan. (BRAIN) — Fitness segment sales continue to boost Garmin's growth across all categories as its year-over-year revenue in the third quarter increased 24%.
OSAKA (BRAIN) — Sales in Shimano's bike-product division were down 12.3% through the first nine months of the year, compared to the same period last year.
LOUISVILLE, Colo. (BRAIN) — TrainingPeaks, an app for coaches and athletes, is moving into virtual cycling with the acquisition of indieVelo. TrainingPeaks is rebranding indieVelo as TrainingPeaks Virtual.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its first year-over-year revenue growth — 1 % — in two years when it released its third-quarter earnings report Tuesday.
NEW YORK (BRAIN) — Mayor Eric Adams this week finalized the city's e-mobility device and battery trade-in program for food-delivery workers.
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