Industry News

OSAKA, Japan (BRAIN) — Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%, however.

BOULDER, Colo. (BRAIN) — Investigators are trying to find the driver who struck Andrew "Bernie" Bernstein on Saturday as the industry veteran was riding home from a velodrome workout.

BOULDER, Colo. (BRAIN) — Wholesale bike sales were down 6.6% in dollars and 17.1% in units in June, compared to the same month last year, according to the latest Sell-in Report from the Bicycle Product Suppliers Association.

WARWICK, R.I. (BRAIN) — Making cycling more inclusive to those with special needs is at the hub of what Van Raam bicycles represents. And with Spinov8 as the North American distributor, Van Raam's sales focus is becoming decidedly mobile.

HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. reported total group revenues of 683 million euros ($766 million) in its first fiscal half, up 7.4% from the same period last year. Net profit for the group was up 16.5% to 29.7 million euros.

SANTA BARBARA, Calif. (BRAIN) — Erik Saunders combined a love of bike components with a desire to manufacture domestically to create a company as concerned about the way it does business as the products themselves.

CHANDLER, Ariz. (BRAIN) — This Thursday, Specialized's Bob Margevicius will lead a webinar for bike retailers on de minimis, the minimum value threshold for U.S. Customs to begin charging duties on imports. The U.S. de minimis is currently $800 per day, much higher than most nations.

LOUISVILLE, Ky. (BRAIN) — After Vista Outdoor announced the sale of its firearms brands, REI quickly resumed buying its products. Some — but not all — bike shops did the same.

WILMINGTON, Del. (BRAIN) — Five and a half years after its filing, the bankruptcy case for the former owner of the Mad Fiber carbon wheel brand is finally wrapping up.