Industry News

Pat McGinnis.

LEXINGTON, S.C. (BRAIN) — The pandemic-fueled bike boom and aftermath might have caught some off guard in the industry, but not distributor HLC. Data, technology, and workforce investments made shortly before "provided a great foundation for us to provide valuable tools the dealers needed during that pandemic," said Pat McGinnis, HLC's president, who stepped into that role in the spring of 2019 before also being named CEO last year.

Tagged Distributor news / From the Magazine
2023 deaths have already surpassed last year's.

NEW YORK (BRAIN) — More people in New York City have died so far this year because of lithium-ion battery fires than all of last year, according to recently released Fire Department of New York statistics.

Tagged Electric bike

(BRAIN) — Bicycle technology innovator Bernhard Felix Rohloff, inventor of the Rohloff SPEEDHUB, died on May 19, according to the company he founded. Rohloff, who suffered from Parkinson's disease, was 73.

QBP's distribution center in Broomfield, where U of Q was housed.

BROOMFIELD, Colo. (BRAIN) — Quality Bicycle Products has closed its bicycle mechanics school, U of Q, which was previously known as Barnett Bicycle Institute. The Minneapolis-based distributor said its projections pointed toward a decline in enrollment.

Tagged Retailer education

BRNO, Czech Republic (BRAIN) — Aspire Sports is expanding Cannondale and GT Bicycles distribution to the Baltics and the Balkans, while also distributing GT only in Austria.

Tagged Distributor news

TAICHUNG, Taiwan (BRAIN) — Frame tubing manufacturer Tange International Co. Ltd. will purchase frame parts manufacturer Long Shen's tooling and equipment after the owners said they are retiring.

WASHINGTON (BRAIN) — Rep. Earl Blumenauer (D-Ore.) said during a media Zoom call on Wednesday that the Import Security and Fairness Act that addresses de minimis reform is being finalized for reintroduction into Congress.

Tagged Electric bike

SAN CLEMENTE, Calif. (BRAIN) — YT Industries will open a customer experience center in Bentonville, Arkansas, next spring, its second "YT Mill" in the U.S.

Sixty-day comment period beginning Thursday will allow the public to voice opinions.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission voted Friday to seek public comment on whether bicycle safety requirements are outdated and if they adequately address e-bikes. In addition, Commissioner Mary T. Boyle requested the agency's technical staff conduct a study of e-bike "hazard patterns."

Tagged Electric bike

NEW YORK (BRAIN) — The e-bike rental platform Whizz will provide 100 free helmets each month for the city's last-mile delivery workers for at least the next six months.

Tagged Electric bike

PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.

Tagged Earnings/Financial Reports

BRUSSELS (BRAIN) — Belgium e-bike brand Cowboy announced plans Monday to start a European bike shop network to increase its retail and service presence and complement online sales channels. Its goal is to have 300 new retailers in 60 European cities by the end of the year.

Tagged Electric bike

FORT WORTH, Texas (BRAIN) — Tucker Powersports is now the exclusive distributor of Rambo Electric Bikes, a brand appealing to hunters and outdoor enthusiasts.

Tagged Electric bike

LONDON (BRAIN) — Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.

Tagged Electric bike / Mergers, Acquisitions & Investments

ATLANTA (BRAIN) — Wahoo Fitness says it has eliminated all its debt with a recapatilization from new and current investors. 

TAIPEI (BRAIN) — Taiwanese bike makers Giant Group, Ideal Bike Corporation and Merida Industry Co., LTD each released their first-quarter earnings reports this month.

Tagged Earnings/Financial Reports
Molly Lehman.

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What kind of benefits and perks — if any — are offered at your shop? Which benefits are the most meaningful for recruiting and retaining staff?

Tagged From the Magazine

TAIPEI, Taiwan (BRAIN) — Giant Group has ended plans to invest about $20 million to take about a third share in Stages Cycling because the companies were unable to reach definitive agreements on the deal, according to documents Giant has filed with the Taipei stock exchange.

Tagged Mergers, Acquisitions & Investments

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation experienced a swift decline in first-quarter revenue compared with its record-breaking prior year period with CEO Sean Macdonald citing "supply chain dynamics" and "challenging stocking and inventory issues."

Tagged Earnings/Financial Reports
In Zwift case, Wahoo asks to redact information about trainer market and its financial condition.

ATLANTA (BRAIN) — Wahoo Fitness has reached a settlement with a Nevada inventor who sued the company in 2015 alleging that its Kickr trainer infringed on his patent. The inventor’s suit against Foundation Fitness (the owner of Stages Cycling) also is close to a settlement. 


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