31 Mobile Bike Shops
In the U.S., 14,000-plus bikes serviced, and more than 100 corporate locations make up the Beeline Bikes empire. The mobile bike shop franchiser, in its third year of business, entered a deal with Accell North America to enhance Accell’s fulfillment of bicycles sold direct to consumers online.
5 Percentage Points
Increase in outdoor recreation participation rate among young adults, ages 18 to 24, according to the latest annual figures released by the Outdoor Foundation. The young adult age group grew the most among all other age groups.
5.1 Percent Increase
In same-store sales at Finish Line Inc. for its fiscal second quarter, ended August 27. That drove net sales up 5.4 percent to $509.4 million at the athletic retailer, but quarterly profit slipped 14.6 percent to $22.1 million due to planned inventory reductions.
$3,000 Price Point
Estimated high for REI’s new in-house bike brand Co-op Cycles after rebooting the business from the soon-to-be defunct Novara branding. Novara, whose current high price point is $1,300, has not offered a bike above the $3,000 mark since the late 2000s.
$4.19 Billion
Drone market expected by 2024 according to Grand View Research — up from $355.9 million in 2015. GoPro is banking on this projection as it puts the finishing touches on its new drone that was expected to launch in the spring of 2016, but delayed to ensure the camera stabilizer worked smoothly.
500,000 Shipping Containers
Have either been seized by creditors or blocked from unloading at ports, as the world’s seventh-largest shipper, Hanjin Shipping, undergoes bankruptcy in its home country of South Korea. A coalition of 120 organizations, including the NRF and OIA, sent a letter to Commerce Secretary Penny Pritzker urging her to help bring about a resolution as the industry nears the all-important holiday season.
