News
SHANGHAI (BRAIN) — President Donald Trump on Thursday said the U.S. will impose a 10% tariff on Chinese goods worth $300 billion in annual imports. That includes bicycle products not previously subject to new Trump tariffs, including helmets, lights, apparel and shoes.
BEND, Ore. (BRAIN) — The Robert Axle Project, which manufacturers aftermarket thru axles, has purchased Old Man Mountain Products, which makes racks for suspension mountain bikes. The two brands will operate as separate brands, but both will be based in Bend, Oregon.
IRVINE, Calif. (BRAIN) —The National Bicycle Dealers Association extended the application period for the 2019 America's Best Bike Shops program through Aug. 31.
KNOXVILLE, Tenn. (BRAIN) — A Knoxville lawfirm is investigating a potential class-action lawsuit against companies that sell bike helmets lacking new anti-concussion technology like MIPS.
BOULDER, Colo. (BRAIN) — Police have released photos of what they believe is the van whose driver struck industry veteran Andrew Bernstein on July 20 and then fled the scene. Bernstein, who was cycling on the shoulder of a road east of Boulder, was later discovered by a passing motorist.
BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. reported that sales in its Specialty Sports Group — its bike-related business — were up 3.1% in the second quarter, which ended June 28. The Specialty Sports Group includes the Fox, Marzocchi, Easton cycling and RaceFace brands.
REUTLINGEN, Germany (BRAIN) — Bosch eBike Systems is taking a 50% stake in Magura Bike Parts, a subsidiary of Magura. The new venture, called Magura Bosch Parts & Services, will handle service and replacement parts distribution for Bosch e-bike systems in Europe. A spokesman at Bosch's U.S.
OLATHE, Kan. (BRAIN) —Garmin Ltd. posted record second-quarter revenue of $955 million, an increase of 7% over the prior year's quarter and raising revenue expectations for the rest of the year.
BOULDER, Colo. (BRAIN) — The Senate Environment and Public Works Committee on Tuesday passed America's Transportation Infrastructure Act. Authorized at $287 billion over five years, the ATIA represents a 27 percent proposed increase in funding for the Federal Aid Highway program, which PeopleForBikes supports.
DENTON, Texas (BRAIN) — Bunch Bikes has expanded its cargo bike offerings and is now selling through bike shops in addition to its intial consumer-direct sale model.
CAMBRIDGE, United Kingdom (BRAIN) — Dave Henderson was ahead of his time. At age 15 in 2002, he built his first e-bike, using a motor from a car radiator fan and a lead-acid battery.
OSAKA, Japan (BRAIN) — Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%, however.
The added 25% tariffs imposed on many Chinese-made goods in May are about to impact retailers and their suppliers. These unpredictable market conditions seem likely to continue, and it’s safe to say that whatever happens, prices won’t go down. What can we do about it?
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