News
CHAPEL HILL, N.C. (BRAIN) — About 95 employees at ASE's facility here — the longtime headquarters for the company's Performance retail division — were laid off Wednesday as it became near certain that the chain's remaining stores will close for good by next month. The layoffs ended hopes that Performance, once the country's largest bike retail chain with 104 stores and nearly 1,700 employees, would continue to operate brick-and-mortar stores.
ANOKA, Minn. (BRAIN) — Vista Outdoor on Thursday reported a 20 percent drop in sales to $468 million for its fiscal third quarter, ended Dec. 30, due to declines in ammunition and firearms sales, hunting/shooting accessories and the company's actions sports and outdoor recreation businesses.
CHICAGO (BRAIN) — SRAM on Wednesday gave media, manufacturers, athletes, teams and retailers the go-ahead to publicly release details of the company's AXS wireless 12-speed components, some of which the company says are available immediately at retail.
LAGUNA HILLS, Calif. (BRAIN) — Bicycle Retailer and Industry News is looking for new product information and news to include in its annual Sea Otter Classic Festival & Gear Guide that will be handed out at the four-day fest April 11-14.
FRESNO, Calif. (BRAIN) — Authorities are seeking a suspect alleged to have stolen high-end bikes, or attempted to do so, from at least eight stores up and down California — from Mill Valley in the Bay Area to Huntington Beach in Southern California.
FOUNTAIN VALLEY, Calif. (BRAIN) — Pedego, the e-bike brand with over 100 licensed U.S. stores in operation, is testing a program to sell its bikes to independent retailers through a "store-within-a-store" program.
PHILADELPHIA (BRAIN) — Part of the group that has agreed to purchase the assets of Advanced Sports Enterprises said Tuesday that they are committed to operating ASE's wholesale business, Advanced Sports Inc., and will continue selling ASI's brands including Fuji, Kestrel, SE, Breezer, Tuesday and component brand Oval Concepts.
We in the bike business have been hearing for about 20 years now that consumer-direct internet sales are going to eat everybody’s lunch. Any day now. No, really. It’s totally about to happen. And with respect to equipment sales, it definitely has. Just ask any retailer. But on the bike side of things, it’s a much different story. So let’s talk about how — and why — that works.
GREENSBORO, N.C. (BRAIN) — A group of four companies called the Tiger Group submitted the winning bid to buy the assets of ASE for just over $23 million on Friday. A bankruptcy judge approved the bid; a closing is expected Tuesday.
NEW YORK (BRAIN) — American Media, LLC, best known as publisher of National Enquirer, Us Weekly and Men's Journal, has acquired the media assets comprising TEN: Publishing's Adventure Sports Network (ASN). The American Media Active Lifestyle Group will now include adventure and sports brands including Bike, Powder, Surfer, the Transworld titles, and Snowboarder.
FAYETTEVILLE, Ark. (BRAIN) — The 2022 Cyclo-cross World Championships will be held here, Jan. 29-30, the UCI announced Friday. It will mark the second time the championships have been held in the United States, following an event in Louisville, Kentucky, in 2013.
BERKELEY, Calif. (BRAIN) — After seven years leading the National Interscholastic Cycling Association (NICA), Austin McInerny is stepping down as president.
NORTH HAMPTON, N.H. (BRAIN) — Two retailers who promoted and participated in last month's second annual Bike Shop Day have come up with a new idea: "Fix Your Bike February."