Industry News
QUÉBEC (BRAIN) — On The Edge Canada (OTE), which distributes Pivot Cycles, Enve Composites and Rotor Components among other brands, is now distributing Chris King Precision Components.
SAN MATEO, Calif. (BRAIN) — GoPro, Inc. announced second quarter sales of $283 million, down 5 percent from the same period last year, but up 40 percent compared to Q1. The company — which claims it holds a 97 percent share by dollar in the U.S.
MONTRÉAL (BRAIN) — Dorel Industries said Friday that its bike business rebounded in the second quarter with revenue up $15.5 million or 7.4 percent to $224.5 million.
LÉVIS, Quebec and LEXINGTON, S.C. (BRAIN) — Bike industry veterans Elysa Walk and Andrew Herrick, and power sport executive James Paladino, have joined the board of directors at HLC, the distributor known as Hawley-Lambert until recently.
PAAL-BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory, the parent of Ridley, Eddy Merckx Cycles and the Forza component brand, is distributing those lines direct to consumers in the UK and Ireland, effective Aug. 1.
Previously the brands were distributed by Sportline.
LOS ANGELES (BRAIN) — Bulls has made a three-year sponsorship agreement with the owners of the Sea Otter Classic. Bulls will be the official e-bike sponsor of the event through 2021. Sea Otter's e-MTB race will be named the "Bulls eMTB Race ePowered by Bosch."
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory, which offers Fox suspension, Marzocchi, Easton cycling and Race Face products in the cycling market, saw a 15.1 percent increase in sales of bike products in the second quarter.
OLATHE, Kan. (BRAIN) — Garmin saw a 24 percent increase in sales in its fitness division (which includes its bike products) in the second quarter this year, and has seen a 23 percent increase year to date.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has announced the schedule for its Fit Symposium, a free educational track for registered independent bicycle retailers and their fit specialists. The theme of this year's edition of the popular symposium is "The Golden Rules of Fit."
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Welcome to August. August 15 is the deadline for brands to submit products for consideration for Interbike's IB Innovation Awards.
Bicycles, components, accessories and apparel can all be nominated.
MILWAUKEE (BRAIN) — Harley-Davidson announced an ambitious growth plan Monday that includes the launch of a variety of new products, including, possibly, e-bikes.
BOULDER, Colo. (BRAIN) — Dave Whittingham, an industry veteran who managed bike shops, developed products and worked for several brands in the Boulder area, died Monday of complications from a bicycle accident. He was 67.
FRUITA, Colo. (BRAIN) — Local retailer Over the Edge Sports and the City of Fruita are hosting a three-day meeting here in October devoted to trails-based economic development.
BOULDER, Colo. (BRAIN) — Bicycle Product Suppliers Association members shipped fewer bikes to dealers through the first half of the year, compared to last year. But even so, they tallied more dollar business.
BETHESDA, Md. (BRAIN) — Organizers of a March, 2019, bicycle trade show in New Jersey are looking for nominations for speakers.
WALNUT CREEK, Calif. (BRAIN) — Dave Bertram, who became CEO of Troy Lee Designs in late 2016, has resigned for personal reasons, the company announced.
OSAKA, Japan (BRAIN) — Robust European e-bike sales and an average year for bike sales in North America led to a 6.8 percent sales increase in Shimano's bike division in the first half of 2018, the company said Monday.
MINNEAPOLIS (BRAIN) — Norwest Equity Partners, a middle-market investment firm founded in 1961, has made an investment in Atlanta-based Wahoo Fitness. The transaction closed on June 30; financial terms were not disclosed, but NEP said the investment was "significant."
PORTLAND, Ore. (BRAIN) — Portland Design Works has hired RoseMary Sindt as marketing manager, developing and managing PDW's marketing, event and sponsorship initiatives. She started in the position July 1.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has opened registration for the third annual Mechanics Challenge presented by Park Tool.
The event will take place on the Interbike show floor with qualifying heats on Sept. 18-19 and the semi-final and final rounds held from 2-5 p.m. on Sept. 19.
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