News

Posted April 9, 2020

OLATHE, Kan. (BRAIN) — In the second half of March, Garmin device users recorded a 63% increase in indoor cycling, compared to the same period the year before, the company revealed Thursday.

Posted April 9, 2020

WASHINGTON (BRAIN) — The Federal Reserve infused the Paycheck Protection Program and others with $2.3 trillion in loans Thursday to further support small businesses in the wake of the COVID-19 pandemic.

Posted April 9, 2020

BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. has suspended non-essential operations at its North American factories due to COVID-19. The company also has lowered its earnings guidance for its first fiscal quarter and suspended full-year guidance.

Posted April 9, 2020

BOULDER, Colo. (BRAIN) — In the newest Bicycle Retail Radio podcast from the National Bicycle Dealers Association, Lester Binegar, the general manager of University Bikes in Boulder, talks with Ray Keener about shop operations during the COVID-19 response.

Posted April 9, 2020
Burke says he's uncertain about a lot of things but optimistic about the bicycle's future. And he thinks we'll all know a lot more in a couple months.
John Burke

WATERLOO, Wis. (BRAIN) — Trek president John Burke says "The big question for the industry is: What's going to happen as we exit this?"

Posted April 8, 2020
Following 60 days of feedback from the public and groups, the policy could become federal regulation.
The Interior department's proposal to allow e-bikes is under review.

WASHINGTON, D.C. (BRAIN) — The U.S. Department of Interior's policy proposal last year to regulate e-bikes as traditional bikes on non-motorized lands is now under standard review with a public comment period.

Posted April 8, 2020
Photo: EUROBIKE Friedrichshafen

FRIEDRICHSHAFEN, Germany (BRAIN) — The organizer of the Eurobike trade show says he is still uncertain whether the trade show will be held as planned in early September, and said the show has dates in late November reserved as a "Plan B" in case the COVID-19 crisis forces a postponement of the September show.

Posted April 8, 2020

BROOMFIELD, Colo. (BRAIN) — Vail Resorts, the ski resort, real estate and retail giant, told Colorado officials Wednesday that it has furloughed 65 employees at its Bicycle Village stores in Aurora, Boulder and Littleton, Colorado.

Posted April 8, 2020

PITTSBURGH (BRAIN) — Dick’s Sporting Goods will furlough “a significant number” of employees beginning April 12, the company said in a statement to investors.

Posted April 7, 2020
Patience and persistence needed when applying for SBA's PPP loan, official says.

WASHINGTON (BRAIN) — Steve White urges patience and persistence during the rollout of the Paycheck Protection Program that authorizes billions of dollars in forgivable small-business loans for retailers affected by the COVID-19 pandemic.

Posted April 7, 2020

SALT LAKE CITY (BRAIN) — Some event news as the COVID-19 shuffling and re-shuffling continues: CrankTank's Impact media event tied to the Dirty Kanza 200 gravel race will move, with the race, to September.

Posted April 7, 2020
Wren (left) and Cuomo.

VALLEJO, Calif. (BRAIN) — Former Cannondale coworkers Stephen Cuomo and Kevin Wren are getting the gang back together at Wren Sports. Cuomo is joining the company as vice president of sales.

Posted April 7, 2020
Thule's 3D printers are now making face shield parts.

CHICAGO (BRAIN) — SRAM, Thule and Aventon have joined a growing group of industry brands making or donating masks for COVID-19 responders.

Employees at SRAM's Zipp facility in Indianapolis are now making masks for hospitals in the area.

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