VAN NUYS, CA (BRAIN)—A strong start to the bike season led Easton-Bell Sports to sales growth of 5 percent in the first quarter of the year.
By Matt Wiebe
SEATTLE, WA—Recreational Equipment Inc. reported a record year in 2010 with an all-time high operating income due in part to its growing bike business.
MILAN, Italy (BRAIN)—Sales of Oakley eyewear increased 11 percent in the first quarter of the year, helping drive parent company Luxottica to double digit growth in revenue and profitability.
HEERENVEEN, the Netherlands—Accell Group said in a shareholder meeting today that first quarter turnover has increased over last year.
HELSINKI, Finland (BRAIN)—Mavic’s sales grew 8 percent in the first quarter of the year according to earnings released early Thursday by parent company Amer Sports.
For the first three months of the year, revenue was 34.4 million euros compared with 29.3 million euros for the same time period in 2010.
TAIPEI, Taiwan (BRAIN)—First quarter earnings were a mixed bag for Taiwan’s top manufacturers, according to figures released on the Taiwan Stock Exchange.
OSAKA, Japan (BRAIN)—Shimano posted a 2.2 percent increase in sales in its bike division during the first quarter compared to the same period last year.
MELBOURNE, Australia (BRAIN)—Bicycle imports for the month of February fell in Australia, according to statistics released by the nonprofit Bicycle Industries Australia group.
WASHINGTON, D.C. (BRAIN)—Imports of mountain bikes in January were 51 percent higher than last year, and road bike imports are up 66 percent, according to Department of Commerce reports. Overall suppliers brought in 980,352 bikes, or 37,760 more than a year ago.
WESTPORT, CT (BRAIN)—Fox Racing Shox reported a 40 percent revenue increase in 2010 as the rebounding economy spurred higher OEM sales in the mountain biking category, the company’s parent company, Compass Diversified Holdings, said on Thursday.
MONTREAL (BRAIN)—Sales in Dorel Industries’ bike division rose 13.7 percent in 2010 boosted by the successful relaunch of the Schwinn brand, as well as double-digit growth in the IBD channel in the U.S. and Europe, according to a year-end earnings report released by the company on Thursday.
VAN NUYS, CA (BRAIN)—Strong sales of Easton cycling components and wheels drove a sales increase of 6.4 percent in Easton Bell Sports’ action sports segment during the final quarter of 2010, according to the company’s year-end financial results released on Thursday.
WASHINGTON, D.C. (BRAIN)—Suppliers imported 19.77 million bikes into the United States last year, worth more than $1.43 billion, a historical record value for imports. The only year with more imports was 2000, when suppliers brought in 20.28 million bikes, but their value in unadjusted dollars was $1.12 billion.
MELBOURNE, Australia (BRAIN)—Imports of bicycles into Australia grew 12 percent in 2010 due to strong growth in the summer months, according to bicycle sales statistics released by Australian nonprofit Cycling Promotion Fund.
OSAKA, Japan (BRAIN)—Shimano’s sales hit $2.6 billion last year (213.6 billion Yen), with the bicycle division contributing $2.1 billion (169.4 billion Yen) in sales, or 79 percent of total sales. Shimano’s net income doubled to $232.3 million (19.1 billion Yen).
CLOPPENBURG, Germany (BRAIN)—Derby Cycle raised €98.6 million ($133.9 million) in its market debut today on the Frankfurt Stock Exchange, the company said in a press release.
The listed price was €13.15 per share for 7.5 million shares listed.
HELSINKI, Finland (BRAIN)—Sales of Mavic rims, wheels, apparel and footwear rose 5 percent last year, totaling € 106.4 million ($142. 4 million), according to year-end financial results released Thursday by Amer Sports, Mavic’s parent company.
TAIPEI, Taiwan (BRAIN)—Taiwan’s top two bike manufacturers ended 2010 up double digits after wrapping up the year with solid growth in December.
WASHINGTON, D.C. (BRAIN)—Imports through November totaled 18,952,454 units, not only the best November total in a decade—up 4,776,736 units over last year—it beat most full year imports of the decade as well.
TAIPEI, TAIWAN (BRAIN)—Revenue for Taiwan’s top two manufacturers rose in November, putting both Giant and Merida on track for double digit growth in 2010, according to numbers released on the Taiwan Stock Exchange.