Biking has begun to surge in popularity on a global scale as people look for ways to remain active but safe during the COVID-19 pandemic.
Priority Bicycles Founder and CEO, David Weiner, says demand has recently gone way up and bikes continue to sell out. "Phones, and emails, are ringing off the hook. Everybody who doesn't have a bike wants one."
Weiner's Priority Bicycles is also seeing sales stretch far beyond its headquarters in New York. While many businesses are reeling from the effects of the coronavirus pandemic, the bicycle industry has been fortunate enough to adapt.
"In the past, customers would make appointments to come to our showroom and see bikes themselves. Of course now, with the lockdown, it's a lot harder to have people come in here and the new virtual visit is allowing us to have customers from all over the world check out our bikes," Weiner told Cheddar.
Since the start of lockdown, the demographic of customers has shifted mainly from children to include adults as well. Weiner attributes the spike to more parents staying home and seeking leisure biking as a source of exercise for them and their children.
For Weiner, business has been so good that he started offering limited edition bikes — a service typically reserved for hotel campuses. For customers in New York City, the CEO said Priority Bicycles offers a limited edition bike and a one-of-a-kind service in order to keep everyone safe.
"Here in the city, we're able to offer contactless pick-up service where the bike ships to us, we assemble it, we sanitize it, lock it up outside, and the customer can come pick it up at a predetermined time."
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
Kerri Quigley, founder of The Fashion Class, spoke with Cheddar News on how to make an ugly sweater on a budget.
With Christmas only 10 days away, some kids may notice that there's a lot of spending going on this holiday season. Dr. Regine Muradian, licensed clinical psychologist, joined Cheddar News to provide tips on how to teach kids the value of gifts and money.
Load More