News
DENVER (BRAIN) — A U.S. District Court denied Fox Factory a preliminary injunction that would have forced SRAM to immediately take some RockShox forks off the market. Fox sued SRAM last July, claiming that the air bleed valves on some RockShox forks infringe on its patents.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products has been named the new exclusive distributor of Sidi cycling shoes and accessories starting in October.
BERGAMO, Italy (BRAIN) — A few days before Eurobike commenced, 3T announced a new program to give select dealers the option to reserve production capacity for the next year. No longer needing to pre-order bikes and estimate specs' and colors, dealers attending Eurobike welcomed the news, 3T CEO Rene Wiertz said.
STOCKHOLM (BRAIN) — Thule Group's second-quarter net sales decreased 8.6% year-over-year with the company seeing a sales decline in bike-related products in its Americas region. Net sales for the quarter ending in June were SEK 3,029 million ($296 million) compared with SEK 3,314 million at the same time last year.
AMSTERDAM (BRAIN) — E-bike brand VanMoof officially has been declared bankrupt by the court of Amsterdam, which withdrew suspension of payment proceedings on Monday and cleared the way to a possible asset sale.
CHICAGO (BRAIN) — After 14 years as SRAM's full-time director of advocacy, Randy Neufeld will retire next month. Long-term SRAM employee Rob Cappucci will take over a redefined position as the company's director of advocacy and industry partnerships.
Inventories are up, sales are down. So why are bike companies still spending millions on professional road racing teams?
BLOOMINGTON, Minn. (BRAIN) — Distributor Quality Bicycle Products and retailer The Pro's Closet each announced workforce reductions this week. Each cited the industry's inventory challenges as a cause.
AMSTERDAM (BRAIN) — Dutch e-bike brand VanMoof has been granted temporary court protection from creditors.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: What are your expectations of sales representatives? Are they being met?
SEATTLE (BRAIN) — Rad Power Bikes will close its European operations at the end of the year to concentrate on growing its North American market.
VANCOUVER (BRAIN) — Bicicletta, which opened in 1984 as a small Italian road bike shop, filed for creditor protection but will continue operating its website and fulfillment center. Its Vancouver retail store, however, closed almost two weeks ago, CEO Graham Fox said.
EL PASO, Texas (BRAIN) — Helen of Troy reported net sales for the first quarter fell 6.6% year-over-year with the Home & Outdoor group, which includes brands Osprey and Hydro Flask, declining 7.3%.
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