Latest Pro Cycling News
January 19, 2022
Kona Bicycles sold to Ohio outdoor group
Kona Bicycles has been acquired by Kent Outdoors, a Ohio-based company that was known until Wednesday as Kent Water Sports. Kent Outdoors owns several outdoor sports and watersport brands, including the Arbor snowboard brand. Kent Outdoors is no relation to Kent International, the New Jersey-based mass market bicycle brand. Bicycle...
January 19, 2022
SRAM acquires Hammerhead, maker of the Karoo 2 cycling computer
SRAM has today announced Hammerhead will join its portfolio of brands, with a transaction which completed on December 30, 2021. Hammerhead will continue to develop its award-winning Karoo 2 cycling GPS computer line, and will remain a stand-alone brand within the SRAM portfolio, allowing the brand to continue to build...
January 18, 2022
Peloton hires McKinsey to review cost structure; cycle maker may cut jobs, close stores
Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The possible job cuts were discussed in a recent call with members of Peloton’s management team, according to a recording obtained by CNBC. The apparel division, which has...
January 13, 2022
Report: Trek to buy Spokes Etc. retail chain
Trek Bicycle is buying the Washington, D.C.-are retail chain Spokes, Etc., according to a local news report. Bicycle Retailer
January 11, 2022
Industry Shocker – Shimano’s Wayne Stetina Moves To SRAM!
After 37 years, Wayne Stetina is leaving Shimano and taking a job with SRAM in Chicago as a “Senior Field Guide.” Wayne sees an opportunity to concentrate on making better parts for road and gravel riders to use, as well as visiting shops and working with SRAM’s sponsored teams. Road...
January 11, 2022
Interbike mulls return and CABDA cancels February event on Covid worry
The Interbike trade show owners have sent an email out to select industry inboxes seeking opinion on whether the show should return to the calendar. A return to the mid-to-late September timing appears to be the initial framework, though respondents are able to give negative feedback. This is followed by...
January 11, 2022
Is Rivian going to make their own bikes and e-bikes?
Rivian is positioning themselves to be not only a leader in the electric vehicle space, but also an aspirational brand for the outdoor set. From built-in storage to facilitate camping and overland expeditions, to the possibility of integrated bike racks, Rivian could be a big name in the near future....
January 11, 2022
Peloton Steps Deeper Into Footwear
Peloton is expanding its footprint — literally. The fitness company known for its at-home treadmills and bikes unveiled its second pair of cycling shoes today. The Altos, which retail for $145, are designed specifically for the Peloton Bike and Bike+, adding to Peloton’s growing list of products. Front Office Sports
January 10, 2022
Garmin releases 2021 Garmin Connect Fitness report, with gravel cycling rising nearly 50%
Garmin International has today released its 2021 Global Garmin Connect Fitness Report, offering insights into the activities of millions of Garmin smartwatch users around the world. Garmin customers logged more activities in the Garmin Connect fitness community app than ever before, the report found, with double-digit increases in almost every...
January 7, 2022
Trek buys up another U.S. bike shop chain
Trek Bicycles has continued its spending spree of U.S. bike shops, adding to its portfolio Baltimore’s seven location Race Pace Bicycles. The acquisition of the store chain builds on a 2021 that saw repeated headlines hit on U.S. trade site BR∈ the first in January, relating to the buyout of...
