Retail News
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increasd 0.5% year-over-year in the third quarter and said it will raise full-year guidance.
DENVER (BRAIN) — Used gear retailer The Pro’s Closet is re-opening immediately under new ownership and some familiar management.
CARLSBAD, Calif. (BRAIN) — Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe.
PASO ROBLES, Calif. (BRAIN) — Cambria Bike, one of the oldest operating e-commerce businesses in cycling, has acquired the intellectual property from Planet Cyclery and Colorado Cyclist, which closed this year. Planet Cyclery has already begun a soft relaunch and Colorado Cyclist may re-launch soon.
MORGAN HILL, Calif. (BRAIN) — Participating Specialized retailers worldwide will begin offering free single-tool repairs to anyone with any bike brand on Saturday with other free-repair days to follow.
LOUISVILLE, Colo. (BRAIN) — Local Liquidators is handling the auction of the contents of The Pro's Closet facility here. The used bike seller closed its doors earlier this month.
When Ron Kozy bought a Rolls Royce from selling kickstands, he wasn't showing off. He was making a point.
ZURICH (BRAIN) — Italy's Pinarello opened a flagship company store in downtown Zurich on Oct. 1, a week after the UCI Road World Championships concluded in the city.
MARSHALL, N.C. (BRAIN) — Alex Webber moved from New Orleans to the mountains of North Carolina after her home was damaged by Hurricane Katrina in 2005. But the mountains weren't high enough to protect her from hurricanes.
MERRILLVILLE, Ind. (BRAIN) — CSC Generation Enterprise, which owns and operates e-commerce retail businesses in several categories, has acquired Backcountry.com, including its MotoSport, Competitive Cyclist and Steep and Cheap businesses.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.8% in the second quarter and improved its full-year outlook.
SEATTLE (BRAIN) — Estelle Gray, a longtime retailer and industry leader, died July 26 at 69, three years after being diagnosed with bladder cancer.
BENTONVILLE, Ark. (BRAIN) — High-end bike brand Van Dessel will operate a pop-up store here from Sept. 5 until Sept. 25.
The store will be at 918 West Central Avenue and feature a selection of the brand’s most popular models, including road, gravel, mountain, e-mtb, and cyclocross bikes.
VANCOUVER, British Columbia (BRAIN) — Industry veteran Chris Speyer, most recently Chief Merchandising Officer at REI Co-op, is joining the Canadian sports retailer Mountain Equipment Company. He will officially join MEC at the end of the month.
PARK CITY, Utah (BRAIN) — Online retailer Competitive Cyclist was named the official U.S. retailer for Tour de France products for the third consecutive year. The partnership with Amaury Sport Organisation, which coordinates the Tour, was announced Thursday.
BENTONVILLE, Ark. (BRAIN) — The industry will return to Las Vegas for a trade show for the first time since the 2017 when CABDA hosts its West event in the Nevada city next March.
BANNER ELK, N.C. (BRAIN) — JC Lakey didn’t hesitate when asked his reaction Monday morning to Kona Bicycles’ founders reacquiring the brand from private equity-backed Kent Outdoors.
MADISON, Wis. (BRAIN) — Dick's Sporting Goods will begin carrying Mongoose bikes this month, supplanting GT Bicycles, which ended its agreement with the box-store giant at the end of 2023.
SEATTLE (BRAIN) — REI Co-op reported a net loss of $311 million in 2023 with yearly revenues declining 2.4% compared with the previous year.
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