Bicycling

4/18/2024 |  EXEC: Giant Group Posts 20 Percent Sales Decline in First Quarter (SGB UPDATE) The Giant Group reported monthly revenues for March 2024 fell in double digits once again, declining 17.4 percent to NT$7.12 billion, representing a moderation from a sharp 27.2 percent crash in February while the first quarter decline in the business was double the decrease in the year-ago Q1 results.

4/18/2024 |  Goodyear Taps Into Look & Corima USA Network for U.S. Bike Tire Distribution (SGB UPDATE) Look & Corima USA reported it signed a new U.S. partnership to distribute Goodyear Bicycle Tires and related products in the United States.
“The Look & Corima USA Team are excited for the opportunity to add Goodyear to our commercial offering and believe our combined brands can benefit from the partnership. Dealers will have opportunities to achieve pricing and freight benefits more easily by combining Goodyear Bicycle Tires to their pedal and cleat orders.” said Mike Gann, President of Look & Corima USA.

4/17/2024 |  Little 500 Generates Big Results for Bloomington (SportsTravel) The Indianapolis 500 may get all the spring headlines in the state of Indiana, but another race an hour south of Indianapolis is just as competitive.
The Little 500 cycling race in Bloomington, Indiana, takes place the third week of April each year at Bill Armstrong Stadium on the campus of Indiana University. This year, it will be April 19–20.
“It’s a foundational thing, something that everybody takes a lot of pride in and looks forward to every year,” said Mike McAfee, executive director of Visit Bloomington. “It’s coming up on the end of the school year and all the flowers are blossoming and campus looks beautiful. It’s the last hurrah for students and in a couple more weeks they’ll be clearing out for the summer.”

4/5/2024 |  NBDA Expands E-bike Database Initiative (SGB UPDATE) The National Bicycle Dealers Association (NBDA) is expanding its e-bike database initiative with a comprehensive resource for certified and insured e-bikes available in the U.S. The NBDA database will be a “vital tool” for retailers, consumers, e-bike incentive programs, and municipalities seeking to ensure the highest safety and quality standards in the e-bike market.
“Building upon the success of the initial launch last year, the NBDA invites e-bike brands and manufacturers to opt in and provide their certifications and insurance documents to enrich this invaluable resource,” the NBDA offered in a press release. “This initiative aims to streamline the process for retailers in selecting products for their stores while promoting transparency and accountability within the industry.”

4/1/2024 |  MyStromer Reaches Settlement as Revolt Zycling Admits to Patent Infringement (SGB UPDATE) Revolt Zycling signed a binding cease-and-desist declaration and agreed to pay a confidential settlement amount to MyStromer AG to resolve its legal dispute.
The patent-infringing Opium Bikes, the company’s first generation, are banned from being sold in Switzerland and various markets in the European Union.
After Revolt Zycling admitted to a patent infringement, it settled the proceedings before the Unified Patent Court in February. The settlement comes after the Swiss Federal Patent Court and previously the Unified Patent Court ordered a preliminary prohibition on manufacturing and marketing against Revolt Zycling AG due to patent infringement for its previously marketed Opium Bikes,