News

Parlee Cycles files for Chapter 11 bankruptcy protection

Posted February 9, 2023

BEVERLY, Mass. (BRAIN) — Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January.

Decline in bike helmet demand leads to MIPS' net sales decreasing 46% in Q4

Posted February 9, 2023

STOCKHOLM (BRAIN) — A 50% drop in bike helmet sales in the fourth quarter led to MIPS' net sales decreasing 46% year-over-year. For the year, the helmet technology company experienced a 7% drop in net sales.

SRAM to open new facility in Taiwan

Posted February 9, 2023

TAICHUNG CITY, Taiwan (BRAIN) — SRAM will open a new 100,000-square-meter facility next year, continuing more than three decades of manufacturing here.

Outride research shows cycling’s benefits are more than physical

Posted February 9, 2023
Kids’ brains light up in real time while bike riding.

PALO ALTO, Calif. — In addition to giving more kids access to bikes and places to ride, the nonprofit Outride organization also studies cycling’s cognitive and physical benefits.

Iconic London bike café and bar Look Mum No Hands! closes

Posted February 8, 2023
The business blames the strain of the coronavirus pandemic and soaring costs for closure.

LONDON (CYCLINGTIPS) — Iconic bike café and workshop Look Mum No Hands! has closed for good.

Blonsky blazes the trail for heavier riders

Posted February 8, 2023

While the industry strives to diversify its audience and product offerings to become more inclusive, Marley Blonsky and her organization All Bodies on Bikes are taking the lead to welcome and include riders of all sizes.

Eurobike expands expo hall to accommodate more exhibitors

Posted February 8, 2023

FRANKFURT (BRAIN) — The Eurobike expo area has been expanded to accommodate an increased number of exhibitors for the second edition of the global trade show here on June 21-25.

BCOutdoors will fill a bike-shop void in Cherokee, NC

Posted February 6, 2023
Moves into Motion Makers space after Specialized closes location.

CHEROKEE, N.C. (BRAIN) — Brett Hackshaw and Ben King always have wanted to test the "beer, gear, and bikes" business model, and after Specialized closed the Motion Makers Bicycle Shop location here in January, they soon will have that opportunity.

Opinion: CABDA session emphasizes need for and benefit of e-bike rider education

Posted February 6, 2023
Clint Sandusky.

E-bike rider education — and how retailers can foster it — was highlighted at the California Association of Bicycling Organizations' CABDA West Expo booth.

REI, union agree to hold election after Cleveland employees walk out

Posted February 3, 2023

CLEVELAND (BRAIN) — After REI Co-op’s Beachwood suburb store employees walked off the job minutes before their shifts Friday morning, the store agreed to terms with the union to hold an election.

GoPro revenue down 18% in Q4, 6% for year

Posted February 2, 2023

SAN MATEO, Calif. (BRAIN) — GoPro reported fourth-quarter revenue decreased 18% year-over-year and for the year it dropped 6%.

Dealer association launches opt-in database of certified and insured e-bikes

Posted February 2, 2023

IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association is now maintaining an e-bike database that includes supplier-provided information on certifications and insurance policies for bikes available in the U.S.

REI cuts 8% of its headquarters' workforce

Posted February 2, 2023

SEATTLE (BRAIN) — REI Co-op laid off about 8% of its headquarters' workforce at the end of January, impacting 167 leaders and employees as it faces increasing economic uncertainty.

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