Bicycle Retailer and Industry News

Yamaha is exiting the US e-bike market, but will continue to provide parts and service "for years to come." Company also will keep making e-bike motors and sell bikes in other markets. https://bit.ly/40yd2Le

Used-gear retailer The Pro's Closet is re-opening for business today under new owners, a month after shutting down. How will it be different this time? https://bit.ly/3AsSr0c

Fox Factory's bicycle-related brands — Fox and Marzocchi suspension, Easton cycling, RaceFace and Ride Concepts — recorded a nearly 40% sales increase in Fox's third quarter. https://bit.ly/4foMMHe

Eight international bike brands are supporting an online training course that helps teach other brands how to reduce supply chain greenhouse gas emissions. https://bit.ly/4hnnhb5

Canyon has added 28 REI stores to its authorized service center network. About 66 independent bike shops are already part of the growing program. https://bit.ly/3A9qWZt

Brew Bikes owner Steve Garn weathering the storm following Helene with the help of many volunteers. https://bit.ly/3YCaAlt

Shimano's bike component sales were down 12% in the first 9 months this year. But the company said market inventories are improving in North America and Europe. https://bit.ly/4fo5WNn

Rapha's global sales fell 7% in 2023, compared to 2022. But the company said its EBITDA increased if you subtract the cost of a warehouse transition. https://bit.ly/3NAhlOe

Consolidation in the bike e-commerce biz: Cambria Bikes has bought the IP from Colorado Cyclist and Planet Cyclery, which both closed this year, and will re-open the sites. https://bit.ly/3BW0lPU

An auction house is handling the sale of the contents of The Pro's Closet facility in Colorado. The contents includes bikes and other inventory as well as tools, fixtures and office supplies. TPC closed earlier this month. https://bit.ly/3UcYSv1