News
WASHINGTON (BRAIN) — Bike imports continued to skyrocket last year, as the industry brought in bikes with a customs value of $1.96 billion, a record that is 40% higher than in 2020.
NEW YORK (BRAIN) — Peloton Interactive on Tuesday announced that its revenues grew 6% in its recently completed second quarter, to $1.1 billion; the company recorded a net loss for the quarter of $439.4 million but could point to a 66% increase in Connected Fitness Subscriptions and a 26% increase in recorded worko
BOULDER, Colo. (BRAIN) — VeloNews has appointed Daniel Benson as its new editor-In-chief. Benson brings a background rich in cycling storytelling and over two decades of global media experience, the title said.
OSAKA, Japan (BRAIN) — In the year the company celebrated its 100th anniversary, Shimano Inc.’s sales and operating income hit an all-time record, driven primarily by its business in the bike industry.
Company-wide, Shimano's sales last year were up 44.6% over 2020, while operating income was up 79.3%.
WASHINGTON (BRAIN) — A bipartisan group of U.S. senators is asking the Biden administration to establish "a more comprehensive" process to exclude some products from the current Section 301 tariffs on the import of some products from China.
BOULDER, Colo. (BRAIN) — Retül is updating its bike fit service with a digital, markerless body measurement system that the company said is more accurate and repeatable than other measurement methods.
BREMERTON, Wash. (BRAIN) — In an industry of hard workers, Mike Kalmbach was among the most industrious.
ANOKA, Minn. (BRAIN) — Vista Outdoor — the parent of Bell, Giro, Blackburn, CamelBak, and now the QuietKat e-bike brand — is reporting record third-quarter sales and raised its full-year guidance.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported fourth-quarter revenue increased 9% year-over-year, while its 2021 full-year revenue jumped 30%.
For the fourth quarter that ended Dec. 31, GoPro revenue was $391 million, compared with $358 million at the same time last year.
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has donated $43,300 in bikes and cash in support of victims of the Marshall Fire, which burned 6,026 acres and destroyed more than 900 structures in Superior and Louisville in December.
SAN FRANCISCO (BRAIN) — Decathlon says it will focus on its online business in the U.S., as well as sales through retail partners, after closing its two trial retail locations in the Bay Area.
ASHEVILLE, N.C. (BRAIN) — A fraudulent website is offering products from Cane Creek Cycling Components, Wolf Tooth Components, and Whisky Parts Co. at discounted prices.
AMES, Iowa (BRAIN) — Cycle Force Group, LLC has been acquired by Messingschlager GmbH, a German distributor. The sale closed on Dec. 31, 2021.
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