Industry News

Company-wide, Shimano is forecasting that net income will be 46% below 2022's results this year.

OSAKA, Japan (BRAIN) — Shimano's first-quarter net income in its bike division fell 16.8% from last year, while its operating income in the segment was down 31.8%.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — N.Y. Sens. Chuck Schumer and Kirsten Gillibrand said during a news conference Sunday that they support federal legislation to regulate lithium-ion battery safety standards in the wake of increasing fires caused by the devices.

Tagged Electric bike
The Limar Tonale.

MONTEREY, Calif. (BRAIN) — Italy's Limar is now selling its helmets and eyewear to U.S. retailers and consumers from an office in Ketchum, Idaho. The brand has certified its complete helmet line to the U.S. CPSC standard and is looking to establish its mid- to upper-tier offerings in the U.S. market. 

Tagged Sea Otter Classic

MONTEREY, Calif. (BRAIN) — Saris, which is under new ownership since it was purchased from a Wisconsin state receivership program last year, was showing off several new rack products and its stationary trainers at the Sea Otter Classic this week.

Tagged Sea Otter Classic
Sea Otter 2023 photo by Robert DeBerry Photography.

CARBONDALE, Colo. (BRAIN) — Adam Miller had just returned from the Sedona Mountain Bike Festival in early March when the Revel Bikes owner and CEO reflected on the visit. "It was really enlightening," Miller said. "There were a lot of industry people there this year. It was cool how positive people were: 'Wow, Revel is making these great moves, and it's great to see you growing, even though things are so challenging.'"

Tagged From the Magazine

MONTEREY, Calif. (BRAIN) — The U.S. is the largest market for U.K.-based Quoc, the maker of road, gravel and mountain bike shoes. But to date, the shoes have only been available via consumer direct sales, shipped from the U.K.

Tagged Sea Otter Classic
Savilia Blunk

MONTEREY, Calif. (BRAIN) — Decathlon, said to be the world's largest sporting goods retailer and a major global supplier of bicycles, is now offering its bike lines to U.S. IBDs for the first time, showing them here in a large display at the Sea Otter Classic.

Tagged Sea Otter Classic

MONTEREY, Calif. (BRAIN) — At the Sea Otter Classic's first Industry Day on Thursday, PIERER New Mobility North America Inc. was showing its Husqvarna and GASGAS e-bikes to U.S. bike shops for the first time.

Tagged Electric bike / Sea Otter Classic
Photo courtesy of Boulder Valley Velodrome/OnSight Public Affairs.

ERIE, Colo. (BRAIN) — The Boulder Valley Velodrome will be restored and reopened as a cyclist training ground and location for community events after BVV Holdings LLC agreed to purchase it.

Olive Manufacturing Group facility.

MONTEREY, Calif. (BRAIN) — Boyd Cycling will begin on-shoring its aluminum rims in South Carolina, with the wheel brand saying this increased capacity and automation will enable it to become the largest alloy rim manufacturing facility in the U.S.

Tagged Sea Otter Classic

NEWARK, N.J. (BRAIN) — A criminal sentencing hearing has been delayed again for cycling investor Samuel J. Mancini, who pleaded guilty to one count of securities fraud last year.

SEATTLE (BRAIN) — REI Co-op reported a record $3.85 billion in sales in 2022, an increase of 3.2% year-over-year. It released its financial results and impact report Wednesday.

Tagged Earnings/Financial Reports
The Ryder Innovation Luberetta is a chain lubrication device.

MONTEREY, Calif. (BRAIN) — Ryder Innovation, a South African tool and accessories brand, has opened an office in St. Petersburg, Florida, and is displaying at the Sea Otter Classic Expo this week, for the first time,

Tagged Sea Otter Classic

SEATTLE (BRAIN) — REI Co-op will close its downtown Portland, Oregon, store early next year in reaction to increased break-ins and thefts.

Also, its newest distribution center opens in Dallas.
Yuba Bikes Spicy Curry.

LEXINGTON, S.C. (BRAIN) — HLC will become the exclusive North America distributor of Yuba Bikes, with cargo and e-cargo models and add-ons available on HLC's website in early May.

Tagged Distributor news

NEW YORK (BRAIN) — The City Council on Monday introduced two more bills in response to escalating lithium-ion battery fires in the city.

Tagged Electric bike

MINNEAPOLIS (BRAIN) — Erik's Bike Shop is now authorized to ship Specialized bikes purchased from its website directly to consumers in the U.S.

(BRAIN) —Rob Einaudi hadn’t worked in a bike shop since the mid-1990s. After a couple decades of experience with automotive marketplaces and communities, this lifelong avid cyclist was looking for a way back into the bike industry.

PARK CITY, Utah (BRAIN) — The German e-commerce company Signa Sports United is opening its wholesale business, Hotlines, in the U.S. market for the first time.

Tagged Distributor news
Kathryn Austin.

BOULDER, Colo. (BRAIN) — For our April magazine edition, we asked our State of Retail panel members: What are the most profitable categories in your store currently, and have they changed since COVID-19? Which categories have you dropped or added?

Tagged From the Magazine


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