Industry News
PITTSBURGH, Penn. (BRAIN) — Dick's Sporting Goods has posted its sales and earnings for the third quarter of 2017, which ended Oct. 28. The company's net income for the quarter was $36.9 million or 35 cents per share, exceeding expectations of 22 to 30 cents per share.
RIMSTING, Germany (BRAIN) — Maloja, a German mountain sports apparel brand, is increasing its sales presence in North America and will display at this winter's Outdoor Retailer Winter + Snow Show in Denver as it eyes expansion in North America.
MELBOURNE, Australia (BRAIN) — BikeExchange has appointed Mark Watkin as its new global CEO.
DES MOINES, Iowa (BRAIN) — Organizers of the Iowa Bicycle Expo — which is held the same day as the RAGBRAI Route Announcement Party — expect 5,000 consumers to attend the Jan. 27 event, held at the Iowa Events Center in Des Moines
DUBAI, United Arab Emirates (BRAIN) — The Dubai International Bicycle Exhibition tends to fall beneath the industry's radar screen, but the expo enters its third year on Jan. 12-13, 2018. While it's primarily a consumer event, it also attracts retailers and distributors from throughout the Middle East.
REDLANDS, Calif. (BRAIN) — Five Ten has reached a new Canadian distribution agreement with Live to Play Sports. Starting Jan. 1, 2018, Port Coquitlam, British Columbia-based Live to Play will have exclusive distribution of all Five Ten bike and climbing products in Canada.
VENTURA, Calif. (BRAIN) — Zeitbike has added a new category of products: Zeitbooks. The distributor is now carrying some classic cycling-related books, including "The Rules" by the Velominati, "World of Mountain Biking" by Hans Rey, and "The Brooks Compendium of Cycling Culture" by Brooks England.
KENT, Wash. (BRAIN) — Accell Group is enacting a major restructuring of its North American operations after the business's sales through the sporting goods channel collapsed when it failed to win a contract to supply bikes to Dick's Sporting Goods.
SALEM, Mass. (BRAIN) — Vittoria Industries North America has hired Nora Goldman and Momentum Sales to represent the distributor in the mid-Atlantic region. This territory covers Maryland, Virginia, Washington, D.C., and Delaware.
SAN FRANCISCO (BRAIN) — TSG Consumer Partners has acquired a minority share in the nutrition brand Nuun and Company.
Seattle-based Nuun was founded 13 years ago and is known best for its low-sugar electrolyte tablets.
BOULDER, Colo. (BRAIN) — A tax plan released by the Senate majority leadership this week does away with a program that allows employers to reimburse workers, tax free, up to $20 per month for expenses related to bike commuting. The benefit has been in place since 2009 and it is continued in the House tax plan.
FRYEBURG, Maine (BRAIN) — Downeast Bicycle Specialists is slipping over the border into New Hampshire after 22 years in its location here. The distributor, owned by Hans Johnsen Company since 2013, said the new space is significantly larger and less remote.
CAPE TOWN, South Africa (BRAIN) — Protective brand Leatt Corporation saw a 17.8 percent sales increase in its third quarter, which ended Sept. 30, as well as an increase in revenues in the year to date.
LOS ANGELES, Calif. (BRAIN) — In a legal motion that contains more A-list names than a TMZ report, Trek Bicycle's lawyers have responded to a trademark infringement case filed by a company that claims to own the rights to the late actor Chris Farley's name.
AUSTIN, Texas (BRAIN) — The Professional Bicycle Mechanics Association is teaming up with USA Cycling to produce a four-day clinic for aspiring race mechanics.
BOULDER, Colo. (BRAIN) — Martha Roskowski, PeopleForBikes' vice president for local innovation, has left the organization after six years.
PORTLAND, Ore. (BRAIN) — Urban Arrow, a Dutch cargo bike maker, has appointed Ed Rae of Portland its U.S. agent.
SANTA CLARA, Calif. (BRAIN) — Vintage Electric Bicycles is donating a custom-painted fire engine themed bicycle to North Bay wildfire relief effort. Vintage Electric joins the San Jose Sharks, Bell Helmets, GoPro, Timbuk2 and dozens of other contributors donating items will be auctioned at a charity dinner hosted by Black Sheep Brasserie on Monday.
TAICHUNG, Taiwan (BRAIN) — It's been a tough year so far for Giant Manufacturing, and its third-quarter results have shown little improvement in its global position as the world's leading bicycle maker.
RANCHO SANTA MARGARITA, Calif. (BRAIN) — Felt Bicycles has made a series of changes under its new ownership, Rossignol Group.
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