Industry News
SEATTLE (BRAIN) — Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff as it continues to pivot more toward Rad Retail and local bike shops.
PHILADELPHIA (BRAIN) — Nearly 5,000 people attended the Philly Bike Expo on Saturday and Sunday at the Philadelphia Convention Center, with show director Bina Bilenky saying the show is returning to pre-COVID numbers.
A version of this feature ran in the March issue of BRAIN.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your top strategies and biggest obstacles when it comes to recruiting and retaining staff?
TAICHUNG, Taiwan (BRAIN) — China’s Zhonglu Co, through one of its subsidiaries, has acquired a 21% share in Factor Bikes while a private equity firm that includes Factor CEO Rob Gitelis also has made an investment. Together the two entities have acquired a majority share in Factor from exiting non-management shareholders, the company told BRAIN.
PHILADELPHIA (BRAIN) — The Philly Bike Expo began as a show catering to the custom framebuilder, but it evolved into a gathering of the whole bike industry with large and small brands mixing with single-person frame, paint, and manufacturing shops.
WASHINGTON (BRAIN) — Rep. Linda Sánchez on Tuesday introduced legislation to close the de minimus loophole that allows the duty-free importation of packages valued at under $800.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
WASHINGTON (BRAIN) — President Donald Trump announced on social media Thursday that he will impose an additional 10% tariff on imports from China, on top of the 10% he announced earlier this year.
BENTONVILLE, Ark. (BRAIN) — A program to help global cycling startups get established — and possibly do business in Arkansas — has chosen 10 participants for its first year.
LAGUNA BEACH, Calif. (BRAIN) — Helmet industry veteran Greg Shapleigh has been named chairman of HighBar, which launched a helmet retention system last year with Canyon.
BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory has acquired mountain bike brand Nukeproof from Frasers Group. Nukeproof — currently unavailable in the U.S. — will re-enter the U.S.
OTTOBRUNN, Germany (BRAIN) — Porsche eBike Performance GmbH announced Tuesday it will build a battery production facility in Sveta Nedelja, Croatia, that will open next year.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2024 buoyed by a year-over-year 23% increase in the fourth quarter that was led by Fitness segment sales.
SCHAUMBURG, Ill. (BRAIN) — CABDA Midwest closed Thursday with its traditional bagpipe serenade, and retailers and industry members packed up and headed out into the snow until next year.
A few highlights from the floor from Day 2:
WASHINGTON (BRAIN) — President Donald Trump on Thursday released an executive memo instructing officials to prepare to impose reciprocal tariffs on a global basis as soon as April 2.
SCHAUMBURG, Ill. (BRAIN) — CABDA's Midwest show opened here Wednesday. Despite a wintery-mix event happening outside the Schaumburg Convention Center, dealers from across the Midwest and exhibitors from around the world showed up for a busy day.
ANNAPOLIS, Md. (BRAIN) — A Maryland state senator introduced a bill in January that would have required e-bikes to be registered and titled but later amended it to eliminate those requirements.
TOKYO (BRAIN) — Shimano’s sales last year amounted to 451 billion yen ($2.94 billion), down 4.9% from the year before. Operating income and ordinary income also were down while net income was up 25%.
CARLSTADT, N.J. (BRAIN) — Velo Star is moving its operations from New Jersey to Oklahoma City this winter as it pivots to focus on sales and distribution of Italy’s Wilier Triestina bikes.
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