Industry News
MOUNT PROSPECT, Ill. (BRAIN) — Cycling participation ticked up a mild 0.5 percent to 36.2 million riders in 2016, according to new figures from the National Sporting Goods Association.
SOLON, Ohio (BRAIN) — Bike PressCamp organizer ECRM said Thursday that it saw a surge in exhibitor signups last month coming out of the Sea Otter Classic, and now has 21 brands set to attend the June 19-23 event.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holdings reported a 32.6 percent increase in sales in its fiscal first quarter and has raised its guidance for the second quarter and the full fiscal year, for both sales and earnings.
PHILADELPHIA (BRAIN) — The standards organization ASTM is holding a meeting of its F08 Committee on Sports Equipment, Playing Surfaces and Facilities from May 9-11. The committee's bike-related groups will meet May 10.
ROCHESTER, N.Y. (BRAIN) — Blackout Distribution has recently hired Chris Way as the warehouse manager of Blackout BMX, overseeing the warehouse operations and driving warehouse progression.
PORTLAND, Ore., and WATERTOWN, Mass. (BRAIN) — Chris King Precision Components and Seven Cycles Inc. have expanded their partnership beyond their long-running OEM relationship to include collaborative marketing, market intelligence and new product releases, the companies announced Wednesday.
OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 2 percent gain in first-quarter revenue, to $639 million, as sales growth in its outdoor, marine and aviation segments countered declines in fitness and automotive sales.
PORTO, Portugal (BRAIN) — The inaugural World Cycling Forum, set for June 7 and 8 in Porto, Portugal, will focus on “consumer centricity and increasing speed to market,” organizers stated.
DETROIT (BRAIN) — Detroit’s new public bike share system, set to launch in late May, will be named MoGo, Detroit Bike Share — inspired by the city’s heritage as the Motor City and the home of the Motown sound.
NORTHVALE, N.J. (BRAIN) — G. Joannou Cycle was among 10 winners nationwide in FedEx's Small Business Grant Contest.
GJC will receive a $7,500 grant and $1,000 in FedEx Office services from the program, which is designed to help small businesses grow.
DALLAS (BRAIN) — U.K.-based Muc-Off has added three new distributors in the U.S.: BTI, Hans Johnsen Company and Downeast Bicycle Specialists. The three join Hawley Lambert, which has distributed Muc-Off since 2014.
Muc-Off products will be available from all four distributors effective May 15.
HEERENVEEN, the Netherlands (BRAIN) — Accell Group said it will not continue talks with Pon Holdings about Pon's takeover offer, which was made April 11. Accell informed Pon at the end of trading Monday that it was ending the talks.
WASHINGTON (BRAIN) — A budget deal reached by Congress this weekend includes funding for bike projects including the U.S. Department of Transportation's TIGER grant program, said Katy Hartnett, the director of government relations for PeopleForBikes.
BALTIMORE (BRAIN) — The bike industry is marking National Bike Month with various promotions, including giveaways and events.
EMMAUS, Pa. (BRAIN) — Bicycling recently announced its annual Editors' Choice Awards for road and mountain bikes. The award winners for the best road bikes will be featured in Bicycling's June issue (on newsstands May 9); the best mountain bikes will be in the July issue (on newsstands June 6).
TAMPA, Fla. (BRAIN) — American Classic has hired Xavier Scheepers as its sales manager for Europe.
MONTEREY, Calif. (BRAIN) — It had been a number of years since renowned Bay Area chef Chris Cosentino attended Sea Otter. But as a former pro 24-hour mountain biker who raced in the singlespeed category at events all over the U.S. and the world, Cosentino is no stranger to the bike industry.
WASHINGTON (BRAIN) — Retail trade groups are applauding the re-introduction of federal legislation that would allow states to collect taxes on goods and services purchased by their residents online, even if the seller was out of state.
SAN MATEO, Calif. (BRAIN) —GoPro on Thursday reported a first-quarter loss of $111.2 million on revenue that rose 19 percent to $218.6 million, topping the company’s guidance for the period.
PORTLAND, Ore. (BRAIN) — Four years after its pioneering survey of e-bike riders in North America, Portland State University has launched a second online survey to gauge how the market is maturing.
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