Industry News
DENVER, Colo. (BRAIN) — Organizers of this weekend's VeloSwap consumer bike swap and expo are expecting more than 8,000 attendees and 350-plus vendors, which include individuals, retailers, suppliers, teams and other groups selling used and new gear.
MONTREAL (BRAIN) — Dorel Industries reported Thursday that third-quarter revenue in the division housing its mass-market and IBD bikes businesses plunged 18 percent due to factors including hurricanes and other extreme weather in North America, the bankruptcy filing of mass customer Toys R Us in September, and overa
DENVER, Colo. (BRAIN) — High-end bike brand Alchemy Bicycles is now offering consumers a 30-day ride-test guarantee on its Ready to Roll bikes. Customers can return the bikes for a full refund of exchange in the first 30 days.
BOULDER, Colo. (BRAIN) — This month IMBA is launching a new fundraising push to fund dozens of pre-approved new mountain bike trail projects around the country. The organization has identifued 68 trail and bike park projects in 31 states that will benefit from the fundraising.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory reported record sales of $127.4 million in the third quarter, up 16.9 percent from the same period last year. In its bicycle division, which includes sales through the Fox, Marzocchi, Race Face and Easton Cycling brands, sales were up 8.8 percent in the quarter.
SAN MATEO, Calif. (BRAIN) — GoPro on Wednesday reported a 37 percent increase in third-quarter revenue to $329.8 million and net income of $14.7 million, compared with a loss of $104 million in the same quarter a year earlier.
LANSING, Mich. (BRAIN) – Michigan this week became the seventh state to adopt a three-tiered classification system for electric bikes.
Gov. Rick Snyder on Tuesday signed a trio of bills, backed by e-bike manufacturers and cycling advocates, that also allows e-bikes on certain trails.
PHILADELPHIA (BRAIN) — Representatives from the bike industry can register for free admittance to the Philly Bike Expo on the event's website until noon ET Thursday, Nov. 2. There is no registration at the event.
OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 3 percent increase in third-quarter revenue to $743 million, but the company's fitness segment — which includes cycling products — saw sales decline 12 percent during the period to $167 million.
MADISON, Wis. (BRAIN) — Saris has released a re-branding of CycleOps, PowerTap and Bike Fixation that emphasizes each brand's connection to Saris. Now each of the brands is being "endorsed" by Saris, so CycleOps has become "CycleOps by Saris," PowerTap is "PowerTap by Saris," and so on.
SAN FRANCISCO (BRAIN) — Strava has released an updated Global Heatmap, first released in 2015. The interactive data visualization is based on more than 1 billion recorded activities from Strava athletes across the globe.
PHILADELPHIA (BRAIN) — Lauren Gregg has joined Fuji Bikes as the brand's mountain bike marketing manager. She will be leading Fuji's mountain bike marketing including advertising, and sponsorship.
BERINGEN, Belgium (BRAIN) — Flanders Bike Valley, a cluster of bike companies and other entities formed to encourage the bike industry in this region, is planning to conduct benchmark aero drag testing in its bike-specific wind tunnel this winter.
CHICAGO (BRAIN) — Thursday's Bikeshare Summit here will explore the benefits of and concerns about dockless bikeshare programs in the U.S.
MISSISSAUGA, Ontario (BRAIN) — UPS Canada is testing a custom-made three-wheeled cargo bike to deliver packages in and around the York University campus, as part of a pilot program to test the potential of delivery by bike in Toronto.
HEALDSBURG, Calif. (BRAIN) — Assos will hold its Campionissimo road bike event in Sonoma County next month despite the recent wild fires in the area. The four-day event, Nov. 16-19, includes rides leaving from Healdsburg, which was spared damage from the fires.
BOULDER, Colo. (BRAIN) — Shipments from Bicycle Product Suppliers Association members to dealers over the first nine months of the year were down 5 percent from the same period last year, an 86,448-unit shortfall. Sales by dollars fell 3 percent.
CARLSBAD, Calif. (BRAIN) — Campagnolo North America has announced dates and locations of its 2017-2018 Technical Training Seminar Tour.
The seminars will cover:
SEDONA, Ariz. (BRAIN) — Well over 100 women from all corners of the country and Canada gathered in this red rock mountain biking mecca for the first-annual Roam Bike Fest.
SALT LAKE CITY, Utah (BRAIN) — Utah's Sen. Orrin Hatch said Friday that President Trump told him in a phone call that he plans to take action to shrink Bears Ears National Monument in Utah. Many cyclists and other outdoor recreationalists nationally have opinions on the monument status; but it's not clear if changes for Bears Ears would have direct impact on cycling activity or the bike business.
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