Industry News
HAVERHILL, MA (BRAIN) — Mavic, Inc. has hired Podium Sales Group to represent its brand to dealers in Virginia, Maryland, Delaware, Pennsylvania, and upstate New York.
FORT MEYERS, FL (BRAIN) — An industry consultant group estimates that the market for electric bikes in the U.S. roughly doubled between July 2012 and last month.
PETALUMA, CA (BRAIN) — CamelBak has selected Sea to Summit as the exclusive distributor of its hydration packs and reusable BPA-free water bottles in China. Sea to Summit will take over distribution after Nov. 1 from Beijin Snowpeak Trade and Technology Co. Ltd.
AMES, IA (BRAIN) — A shipment of KHE tires bound for the U.S. went down with the container ship MOL Comfort, which sunk 200 miles off the coast of Yemen after breaking in half in a storm in June.
ROANOKE, VA (BRAIN) — QRide Inc. has hired Florida-based Sports and Specs Sales as an independent rep firm.
WASHINGTON, DC (BRAIN) — Bike suppliers continue to put on the brakes, cutting bike imports 15 percent over the first half of the year. Though the slowdown is mostly imports of mass-market kid’s bikes, 26-inch imports also are down 9 percent.
SCOTTS VALLEY, CA (BRAIN) — After more than 20 years of licensing its brand name to an Italian company for use outside of North America, Bell Helmets has reacquired the worldwide rights to its brand in the powersports market.
CHULA VISTA, CA (BRAIN) — Early-bird ticket pricing for this year's BMX Hall of Fame induction ceremony ends Friday, Aug. 9.
LONGMONT, CO (BRAIN) — Cyclocross mechanics who can write creative and compelling stories about their 'cross pit adventures could win merchandise worth $260 from CrossVegas sponsors Glacier Glove and Alaskan Hard Gear.
MONTREAL, Quebec (BRAIN) — Dorel continued to feel the sting of weather on sales of bicycles globally during the second quarter, officials told investors during an earnings call Friday morning.
CRESTED BUTTE, CO (BRAIN) — The Mountain Bike Hall of Fame has announced its 2013 inductees and has announced a planned move from Crested Butte to Marin County, California.
RAPID CITY, SD (BRAIN) — Strider Sports will promote its no-pedal balance bikes at the USA Pro Cycling Challenge stage race in Colorado later this month, with Strider Adventure Zones at each stage and a Strider race at the final stage finish in Denver. The race is Aug.
WATERLOO, WI (BRAIN) — Trek Bicycle and World Bicycle Relief raised $90,000 through its July "Trek Match" program. Trek will match the donation to WBR, which will be used to provide about 1,500 bikes to students, healthcare workers and entrepreneurs in Africa.
WESTPORT, CT (BRAIN) — Compass Diversified Holdings, the parent company of Fox and CamelBak, reported that Fox sales over the first half of the year reached $125.2 million, an increase of 18 percent from a year earlier, whereas CamelBak sales dropped 9 percent to $77.3 million.
TAMPA, FL (BRAIN) — American Classic has named Cody Gilbertson to head its U.S. inside sales office.
CHICAGO, IL (BRAIN) — SRAM has added two new members to its North American OEM sales team. Bicycle industry veteran Rick Wilks joins SRAM as a senior OEM account manager and Alex Berge joins SRAM as an OEM account manager.
SCOTTS VALLEY, CA (BRAIN) — Fox Factory Holding made its initial public offering of 8,571,429 shares of its common stock late Wednesday at an offering price to the public of $15 per share. The stock surged as high as $19.47 before closing the trading day at $18.61.
Ben Serotta, who was recently fired from the company he founded 41 years ago, shares some thoughts with the cycling community.
CARLSBAD, CA (BRAIN) — Eyewear maker Spy Inc. on Wednesday reported its ninth consecutive quarter of growth with sales of $10 million for the three months ended June 30, up 6 percent from the second quarter a year earlier.
OSAKA, Japan (BRAIN) — Shimano’s overall sales through June were $1.4 billion (133.1 billion yen), up from $1.3 billion (123.6 billion yen) over the first six months last year.
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