MONTREAL (BRAIN)—Strong sales in Europe among Dorel Industry’s specialty brands drove nearly 16 percent growth in the company’s cycling segment in the second quarter of the year, according to an earnings report released on Tuesday.
LA CANADA FLINTRIDGE, CA (BRAIN)—Sports Chalet saw its sales total $82.8 million, an increase of 3.9 percent in the first quarter compared with a year ago. Sports Chalet, however, still reported a loss of $0.8 million, or 6 cents a share.
CLOPPENBURG, Germany (BRAIN)—Germany’s Derby Cycle expects to post third-quarter revenue of around 84.4. million euros ($122.3 million), an increase of 35 percent over the same quarter last year.
HELSINKI, Finland (BRAIN)—Mavic sales grew 17 percent in the second quarter of the year, driven equally by sales of wheels and cycling soft goods like footwear and apparel, Heikki Takala, president and CEO of Mavic’s owner Amer Sports said in a conference call on Thursday.
OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle components segment increased 3.3 percent for the first six months of the year as the world economy remained on a modest recovery track, the company said in an earnings report released Wednesday.
HEERENVEEN, the Netherlands (BRAIN)—Accell Group reported 9 percent growth in sales and 13 percent rise in net profit for the first six months of the year, according to earnings figures released Friday by the Dutch company.
BOULDER, CO (BRAIN)—Outdoor Industry Association has released the OIA VantagePoint June Monthly Trend Report, which reveals that compared to the general retail sector, outdoor product sales notched a smaller-than-anticipated 2.7 percent sales increase for the five-week fiscal month of June to $1.23 billion.
CHICAGO (BRAIN)—SRAM has paid off its private equity investor, a step the company previously said it would make before going public.
MELBOURNE, Australia (BRAIN)—Imports of children’s bikes continued to slump in Australia in April, dropping to 50,000 during the months of January to April compared with 80,000 for the same time period in 2010, according to statistics released by the nonprofit Bicycle Industries Australia.
MONTREAL (BRAIN)—Dorel Industries’ CEO Martin Schwartz spoke briefly to the company’s shareholders Thursday morning reiterating the success Dorel has seen in its bike division in recent months.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle reported a revenue increase of 40 percent during the first half of its financial year doubled sales of electric bikes, according to a financial report released Monday by the German company.
MONTREAL (BRAIN)—Dorel Industries reported a 10 percent increase in its bicycle business for the first quarter of the year, driven by strong sales of Cannondale and GT in Europe and Australia, according to an earnings report released yesterday by the company.
MONTREAL (BRAIN)—Dorel Industries reported a 10 percent increase in its bicycle business for the first quarter of the year, driven by strong sales of Cannondale and GT in Europe and Australia, according to an earnings report released today by the company.
CHICAGO (BRAIN)—SRAM’s pending IPO could benefit from the current positive state of the capital markets, according to financial analysts.
Chicago, Ill (BRAIN)—SRAM International Corporation could raise up to $300 million in an initial public offering, according to a preliminary prospectus filed today with the Securities and Exchange.
MELBOURNE, Australia (BRAIN)—Australia import figures for the month of March show a continued slow trend in children’s bikes, while adult bikes remained steady, according to data released by the nonprofit Cycling Promotion Fund.
WATSONVILLE, CA (BRAIN)—Sales at Fox Racing Shox hit $42.9 million through March 2011, an increase of 31 percent over last year’s sales of $32.7 million, and exceeding the company’s expectations, according to Compass Diversified Holdings first quarter report.
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.