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The industry futurist says if the situation reduces inventory turns to unprofitable levels, that would be a glut to be concerned about.
MONTRÉAL (BRAIN) — Dorel Sports recorded a 14% sales increase in its fourth fiscal quarter and a 15% increase for its full fiscal year, which ended Dec. 30. Dorel Sports is the division of Dorel Industries that holds its bike brands, including Cannondale, Schwinn, GT and others.
WASHINGTON (BRAIN) — The Paycheck Protection Program received an additional $7.25 billion as part of the passing of the American Rescue Plan Act on Thursday.
PITTSBURGH (BRAIN) — The Dick's Sporting Goods senior women's leaders announced an advertising campaign Thursday to showcase the company's efforts to assist women and girls on and off the field.
BOULDER, Colo. (BRAIN) — Engaging and encouraging marginalized communities and investing in infrastructure will grow cycling and make it more inclusive, according to a new study commissioned by PeopleForBikes.
WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.
TEMPE, Ariz. (BETA) — Riding apparel brand Wild Rye has teamed up with Pivot Cycles on a three-piece collection designed to celebrate riders who identify as women.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.
TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.
SILVER SPRING, Md. (BRAIN) — The Bureau of Land Management was plagued by increasing extremism, retaliation and employee intimidation, and political influence during the Trump Administration, according to a Public Employees for Environmental Responsibility anonymous survey of current and former employees.
TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.
TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.
WASHINGTON (BRAIN) — Bicycle imports were up 49% by unit count in January, compared to January 2020. In dollars, imports were up 26% year-over-year.
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