Industry News
OLATHE, Kan. (BRAIN) — Garmin Ltd. total revenue increased 18% in the fourth quarter with the fitness division — which includes Garmin's cycling products — increasing 34% year-over-year.
From Outspoken Cyclist podcast host Diane Jenks:
Every once in a while, I have the privilege of speaking with someone who has made a contribution to our sport – and in this case – to many sports, that has literally changed the way people participate.
SAN DIEGO (BRAIN) — When Gocycle, an 18-year-old British e-bike brand, first made a stab at the U.S. market, company founder and CEO Richard Thorpe found the market wasn’t ready for its upscale, folding e-bikes.
STOCKHOLM (BRAIN) — MIPS' fourth-quarter net sales increased 41% year-over-year, while the helmet technology company's 2019 sales showed a 39% growth.
TEMPE, Ariz. (BRAIN) — The National Bicycle Dealer Association's latest podcast discusses e-bikes and buidling a mission-driving bike shop.
OSAKA, Japan (BRAIN) — In its bicycle-related business Shimano Inc. saw a 4.6% increase in sales in 2019 compared to 2018 and a 1% increase in operating income in the year.
The company said sales were solid in Europe and North America and even the years'-long downward trend in China has stopped.
STOCKHOLM (BRAIN) — Thule Group sales increased 4.7% in the fourth quarter over the same time last year and 8.5% for 2019, meeting the company's expectations despite a decrease in the U.S.
TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle have postponed the trade show originally scheduled for March 4-7 to May 14-16 because of the coronavirus outbreak in China.
TAICHUNG, Taiwan (BRAIN) — The CEO of A&J Bicycles — one of the world's largest bike makers, with factories in Taiwan, China, Vietnam, and Cambodia — is warning customers of possible shipment delays due to the novel coronavirus outbreak in China.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter increased 40% year-over-year to $528 million. Revenue for 2019 increased 4% year-over-year, reaching $1.2 billion, for the period ending Dec. 31.
Excluding GoPro drone business, full year revenues increased 7% year-over-year.
TAIPEI, Taiwan (BRAIN) — Multiple sources in Taiwan and the U.S. tell BRAIN that next month's Taipei Cycle show has been canceled. Exhibitors and other potential visitors have told show organizers they were reluctant to attend because of the ongoing novel coronavirus outbreak in China.
CARLSBAD, Calif. (BRAIN) — While suppliers and advocacy groups were laying groundwork for e-bike use on paved roads and trails, electric mountain bikes began rolling onto sales floors and trails (or not) with little industry preparation.
ANOKA, Minn. (BRAIN) — Bell and Giro sales were up in Vista Outdoor's third quarter thanks to strong sales of winter sports products, the company announced Thursday.
TAICHUNG, Taiwan (BRAIN) — Because of the novel coronavirus outbreak in China, Giant Group has postponed a grand opening media event at its new headquarters building.
SALT LAKE CITY (BRAIN) — Organizers of the Big Gear Show, a bike-paddlesport-outdoor hardgoods show planned for July, have announced a program that will reimburse retailers up to $450 for lodging costs at the show.
NEW YORK (BRAIN) — Connected stationary fitness bike brand Peloton Interactive reported revenue of $466.3 million in its second quarter — 77% up from the same quarter last year, but less than the 103% year-over-year growth it reported last quarter.
LOS ANGELES (BRAIN) — A district court judge has denied BMXer Ryan Guettler’s request for an injunction that would prevent Walmart and Hyper BMX from selling products with his likeness.
TAIPEI (BRAIN) — The welcoming dinner, hosted by the Velo saddle company, Wellgo pedal and Prologo, has been canceled. The show is surveying registered visitors to see if they still plan to attend.
SEATTLE (BRAIN) — The company said it will use the funding to support new brick and mortar retail locations, and to expand its mobile service and "white glove" delivery offerings.
TAIPEI, Taiwan (BRAIN) — Taiwan-based exhibitors at the Taipei Cycle show — scheduled to open a month from Tuesday — are circulating a petition asking organizers to cancel it because of the new coronavirus outbreak in China.
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