Industry News
PHOENIX, AZ (BRAIN)—Titus’ major lender Factors Southwest, which took control of the bike company on Tuesday, is accepting bids to buy Titus until next Friday, Nov. 19, at 12 p.m.
KESWICK, Ontario (BRAIN)—ExpoCycle 2011 will take place September 11-13, and will move to the Palais de Congres in Montreal, Quebec. The Grand Prix Cycliste de Montreal race will take place at the same time.
SCOTTS VALLEY, CA (BRAIN)—Easton-Bell Sports, Inc. reported sales increased 10.2 percent in the third quarter to $198.8 million from $180.4 million a year ago, while gross margin increased to 35 percent from 34.4 percent. Team Sports sales grew 12.4 percent while Action Sports revenues grew 8 percent.
OBORNIKI, Poland (BRAIN)—DT Swiss has opened a new factory in Poznan/Oborniki, Poland.
WASHINGTON, D.C. (BRAIN)—Imports through September are not only up strongly over last year, they are higher than anytime over the past six years. Suppliers swung 15.46 million bikes over the pier so far, an increase of 3.8 million units over last year.
TEMPE, AZ (BRAIN)--Titus’ major lender, Factors Southwest, took control of the bike company on Tuesday, and is in the process of finding a buyer for the company. It is not interested in breaking up the company to sell just its assets.
PORTLAND, OR (BRAIN)—Portland Design Works (PDW) donated 500 Radbot taillights, at a value of over $9,000, to Oregon’s Bicycle Transportation Alliance (BTA).
WINDSOR, United Kingdom (BRAIN)—SRAM Europe has restructured its product service and warranty support for the UK.
MILAN, Italy (BRAIN)—Cinelli has hired Patrick Leclerc as its new product manager. He will be responsible for relationships with with all of Cinelli's international manufacturers.
WESTFORD, CT (BRAIN)—Fox Racing Shox posted its fourth consecutive quarter of double-digit revenue growth this week as net sales soared 66 percent in the third quarter of the year.
"No elected official has done more for bicycling than Jim Oberstar."
— Tim Blumenthal, president of Bikes Belong, on Congressman Jim Oberstar. Click on above link to see Oberstar's exit talk with staff and friends. He lost his seat to Republican Chip Cravaack last week.
DENVER, CO (BRAIN)—Primal Wear have relaunched primalwear.com (click on above link), which provides access to extensive content of the companies branded and custom clothing lines.
EMMAUS, PA (BRAIN)—Bicycling editor-in-chief Peter Flax has announced several key hires and promotions to the magazine’s editorial team, designed to enhance Bicycling’s print and online content, preparing the magazine for a comprehensive redesign in spring 2011 and enlarging the brand’s vision to speak to all cyclis
SEYMOUR, CT (BRAIN)—The Thule Group has acquired TracRac Inc., a U.S. manufacturer of transport solutions for professional use.
BY NICOLE FORMOSA
SAN JUAN CAPISTRANO, CA—If there’s one lesson Interbike show director Andy Tompkins will take away from the bedlam caused by an attempt to move the dates and venue of the 2011 show, it’s that any change to the annual trade show needs to be broadly embraced.
BY NICOLE FORMOSA
SAN CLEMENTE, CA—Industry publishers are debunking the idea that print is passé in today’s digital world with a new round of investments in the traditional medium.
BY MEGAN TOMPKINS
GOODYEAR, AZ—From father to uncle to godfather, Bill Fields was like family to many in the bike industry.
MONTREAL, Quebec (BRAIN)—Dorel's third quarter recreational/leisure revenue increased 18.8 percent to $172.5 million compared to $145.2 million last year for the same time period.
MADISON, WI (BRAIN)—The 7th annual Saris Gala, benefiting the Bicycle Federation of Wisconsin, raised $95,000 and will support a variety of infrastructure and educational programs throughout Wisconsin including Safe Routes to School.
WASHINGTON, D.C. (BRAIN)—The League of American Bicyclists and the Alliance for Biking & Walking have unveiled a new, three-year campaign to double federal funding for bicycling and walking by 2013. The Advocacy Advance initiative is backed by renewed support from SRAM.
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