Retail News

WATERLOO, Wis. (BRAIN) — Sound financial advice is at a premium these days for bicycle retailers trying to survive the COVID-19 pandemic, and Andrew St. Clair has some to give.

Tagged Coronavirus
Specialized founder Mike Sinyard: "I think it will stick."

NEW ORLEANS (BRAIN) — From Louisiana to Long Island, Portland to Orlando, many retailers are reporting stellar bike sales and service during the COVID-19 pandemic.

BOULDER, Colo. (BRAIN) — In the newest Bicycle Retail Radio podcast from the National Bicycle Dealers Association, Lester Binegar, the general manager of University Bikes in Boulder, talks with Ray Keener about shop operations during the COVID-19 response.

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Burke says he's uncertain about a lot of things but optimistic about the bicycle's future. And he thinks we'll all know a lot more in a couple months.
John Burke

WATERLOO, Wis. (BRAIN) — Trek president John Burke says "The big question for the industry is: What's going to happen as we exit this?"

Tagged Coronavirus

BROOMFIELD, Colo. (BRAIN) — Vail Resorts, the ski resort, real estate and retail giant, told Colorado officials Wednesday that it has furloughed 65 employees at its Bicycle Village stores in Aurora, Boulder and Littleton, Colorado.

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PITTSBURGH (BRAIN) — Dick’s Sporting Goods will furlough “a significant number” of employees beginning April 12, the company said in a statement to investors.

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Patience and persistence needed when applying for SBA's PPP loan, official says.

WASHINGTON (BRAIN) — Steve White urges patience and persistence during the rollout of the Paycheck Protection Program that authorizes billions of dollars in forgivable small-business loans for retailers affected by the COVID-19 pandemic.

Tagged Coronavirus

KENT, Wash. (BRAIN) — REI Co-op will begin a 90-day furlough for "the majority" of its retail and field employees starting April 15, said Eric Artz, president and CEO, in an email on Monday night to co-op members.

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Would you trade a tube for hand sanitizer?
Mac McCabe is adjusting to difficult times with a sense of humor.

FRANKLIN, Tenn. (BRAIN) — Mac McCabe won't complain.

"I have a really good time doing what I do," said the owner of Mac's Harpeth Bikes for the past 11 years. "I'm not going to bitch and gripe about how shitty our margins are or any of that nonsense."

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New interactive map has the details.
Retailers can still submit their information for free.

WASHINGTON (BRAIN) — A program authorizing billions of dollars in forgivable small-business loans hit major snags on Friday, after final Treasury Department guidance went out late Thursday combined with application issues to hinder the process.

Tagged Coronavirus
Epic Cycles owner Allan Hightower, right, with mechanic Alonso Gutierrez.

BLACK MOUNTAIN, N.C. (BRAIN) — One North Carolina retailer expressed his thoughts in a letter to his suppliers about how COVID-19 has affected his business, and shared a glimpse with BRAIN about how his 1,600 square-foot downtown location is weathering an economic and humanitarian crisis.

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SANTA FE, N.M. (BRAIN) — A local news source is reporting that New Mexico officials have relented and are now allowing bikes shops to operate, under stringent rules, during the state's COVID-19 response.

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An interactive map detailing retailers' operating status is planned.

PORTLAND, Ore. (BRAIN) — In this time of uncertainty, two companies pooled their resources to help retailers let customers know about their status during the COVID-19 pandemic.

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Many jurisdictions are allowing shops to stay open, but in about a dozen states it's still unclear whether shops can operate.

WASHINGTON (BRAIN) — While it doesn't have the force of law, an advisory from the U.S. Department of Homeland Security issued should encourage local jurisdictions to consider bike repair workers essential during the COVID-19 response. 

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FRESNO, Calif. (BRAIN) — Reasoning that sporting goods stores sell emergency supplies, the city of Fresno has allowed the stores to reopen as essential businesses under a statewide shelter in place order.

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Sycamore Cycles says it's doing what's necessary to slow spread of COVID-19.
Sycamore Cycles posted this on its Facebook page.

PISGAH FOREST, N.C. (BRAIN) — Wes Dickson and staff are taking one for the team.

That team being the small Pisgah Forest community they have served at Sycamore Cycles the past two decades.

Tagged Coronavirus
"We know we're defying the governor's orders. We also know people need us," said one New Mexico retailer.
Campfire Cycling remains open in Arizona, where there is no state-wide order.

SANTA FE, N.M. (BRAIN) — More state and local officials are declaring bike shops "essential" businesses that can stay open despite shut-down orders due to the COVID-19 pandemic. However, several jurisdictions have reversed course in what is a constantly changing landscape across the country.

Tagged Coronavirus

KENT, Wash. (BRAIN) — REI Co-op extended the closure of its 162 stores indefinitely because of the COVID-19 pandemic.

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PITTSBURGH (BRAIN) — Dick's Sporting Goods announced in a regulatory filing the temporary reduction of base salaries for its executive officers and other salaried employees, effective March 29, in response to the ongoing COVID-19 pandemic.

Tagged Coronavirus

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