Latest news with #AdrienneRoberts
Yahoo
6 days ago
- Business
- Yahoo
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Detroit's Shinola stops making bikes as it refocuses on watches Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
6 days ago
- Business
- USA Today
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection Show Caption Hide Caption Gap shares tumble as retailer warns of tariff toll on profits Gap shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze this year's profit, even as the apparel maker aims to soften the blow by diversifying its supply chain and investing in U.S. cotton. The last of the stock of bikes sold out in March 2025. Shinola isn't ruling out that bikes could be back in the future. Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@
Yahoo
6 days ago
- Business
- Yahoo
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Detroit's Shinola stops making bikes as it refocuses on watches
Yahoo
23-05-2025
- Business
- Yahoo
Detroit-based Shinola no longer making bicycles, once a core part of its identity
Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. More on Shinola: 10 years in, Shinola begins to find its footing again after pandemic, with new CEO More on Shinola: Detroit watchmaker Shinola, 'SNL' cast members team up to create custom 'SNL 50' watches The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@ This story was updated to add a video. This article originally appeared on Detroit Free Press: Detroit's Shinola stops making bikes as it refocuses on watches Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Michigan's jobless rate remains unchanged in April but signs point to future increases
Michigan's unemployment rate remained unchanged in April at 5.5% after increasing for three consecutive months, according to data released May 15 by the Michigan Department of Technology, Management and Budget. The state's jobless rate has increased by 1.1 percentage points since April 2024 when the unemployment rate was 4.4%. At a national level, the unemployment rate also remained stable in April at 4.2%. In Michigan, payroll jobs rose by 11,000, or 0.2%, in April, according to a monthly survey of employers, DTMB said. Most of the month's employment increase was due to job additions within the private education and health services sector. Manufacturing employment rose by 2,000 in April but remained down 11,000 jobs when compared with the same month a year ago. While April's unemployment rate remained steady compared with March, there are recent signs that the state's jobless rate could increase in the coming months. More on Michigan's economy: Inflation is slowing. Wages are up. So why does life feel costly for many Michiganders? More unemployment news: New claims for jobless benefits in Michigan surge sharply New weekly claims for unemployment insurance have remained at elevated levels in recent months compared with the last few years, spiking in the week ending May 3 to more than 12,000 claims. New claims in the state dropped back down to more normal but still elevated levels of 6,347 claims in the week ending May 10, the U.S. Department of Labor said on May 15. Meanwhile, several companies with employees in Michigan have filed WARN Act notices with the state in recent months, a notice that employers must give to employees and local government officials before they execute a mass layoff or close an employment site. General Motors, for example, said in April that it would lay off 200 employees at its Factory Zero in Detroit and Hamtramck. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Michigan's unemployment rate remains unchanged in April Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
