Industry News
OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported an 8 percent increase in third-quarter revenue to $810 million, with its marine, aviation, fitness and outdoor segments growing a combined 16 percent compared with a year earlier and contributing 80 percent of total revenue.
TAIPEI, Taiwan (BRAIN) — For Taiwan manufacturers, the first nine months of the year is a good news/bad news story.
The average unit price for a conventional bike soared 14.2 percent to $659, with sales topping $1.1 billion.
BEIJING (BRAIN) — Ofo is now ending its dockless ride sharing service in Japan, once considered a key market for the Chinese company. This year the company has stopped operating in markets in the U.S., Germany, Spain, Australia and Israel.
BENTONVILLE, Ark. (BRAIN) — Aimee Ross, who most recently served as brand and events director for the International Mountain Bicycling Association, has joined Visit Bentonville as director of Bike Bentonville, which promotes a bicycle-friendly culture for residents and tourists.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle, a key stop on the trade show circuit, opens its doors Wednesday to a wave of uncertainty in the industry.
WASHINGTON (BRAIN) — Next Tuesday, dockless sharebike company Lime will offer free rides to the polls on Election Day.
Lime will make its share bikes, e-bikes and e-scooters available in more than 100 cities in the U.S. to ride to and from a polling station, up to 30 minutes.
SEATTLE (BRAIN) — UPS and the Seattle Department of Transportation have introduced a delivery pilot project in the city's downtown and historic Pike Place Market using pedal-assist cargo e-bikes with with modular trailers.
WASHINGTON (BRAIN) — Kent International and Detroit Bikes have withdrawn a petition to the U.S. International Trade Commission that sought protection from complete bike imports in the form of new tariffs of up to 50 percent.
BOULDER, Colo. (BRAIN) — PeopleForBikes worked with the Walton Family Foundation and BikeNWA to offer tools making it easier to calculate the economic contribution of bicycling across six categories
SACRAMENTO, Calif. (BRAIN) — "Officina" Dario Pegoretti, the team of builders that Dario Pegoretti trained for many years — will exhibit at the 2019 North American Handmade Bicycle Show.
COLORADO SPRING, Colo. (BRAIN) — USA Cycling has promoted Chuck Hodge to chief of racing and events, leading USAC’s support of cycling events, elite racing calendars, event sanctioning, race director support, local association services, and officiating for all competitions.
COTATI, Calif. (BRAIN) — Yuba Bicycles has hired Jeff Wuerthele as sales representative for the Eastern U.S., effective immediately. Wuerthele will be responsible for developing dealer relations and consumer demand for the cargo bike maker throughout the region.
HELSINKI (BRAIN) — Amer Sports reported net sales increases of 9 percent for its third quarter and 5 percent year-to-date, compared with the same periods last year. The figures don't include Amer's cycling business with the Mavic and Enve brands because Amer now segments cycling as "discontinued operations" as it looks to sell that business.
SALT LAKE CITY (BRAIN)—Hayes Performance Systems has bought Reynolds Cycling and said it will aggressively offer dealers three levels of carbon wheels with average aftermarket margins of 40 percent.
SANTA CRUZ, Calif. (BRAIN) — In many ways, Elayna Caldwell's long career in the industry has come full circle. It started in 1996 with a job at RockShox, back when it was still located in Santa Cruz.
BEIJING (BRAIN) — Dai Wei, the founder and chief executive of Chinese bike-share giant Ofo, has stepped aside as the company's top legal representative as Ofo faces multiple lawsuits in China.
Ofo has named Chen Zhengjiang, the head of its hardware supply department, as the new legal representative.
CONSHOHOCKEN, Pa. (BRAIN) — Longtime Rodale Publishing executive Zack Grice has joined SilverLine Athletics, which provides digital media activation and analytics for endurance events. Grice will fill the newly created position of director of marketing and partnerships.
OGDEN, Utah (BRAIN) — Derek Bouchard-Hall, who announced last week that he was stepping down as president of USA Cycling, will become the new CEO of Assos of Switzerland.
OSAKA, Japan (BRAIN) — Shimano says stable weather in Europe and growth in sales sporty e-bikes helped its bike-related sales grow over the first three quarters this year, while operating income in the segment decreased slightly. The company has revised its full-year forecast down in light of currency exchange trends and some product shortages.
BOSTON (BRAIN) — The parent company of Clean Bottle announced Monday that it is up for sale, seeking a partner or buyer that can "leverage the brand and its technologies to its fullest potential."
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