News
By Matt Wiebe
WATERLOO, WI—Material and manufacturing costs are up and the dollar’s down dealing a double whammy to bike suppliers. Unable to absorb the costs any longer, most say they are raising bike prices 3 to 5 percent, on average.
By Megan Tompkins
BOULDER, CO—Jeff Bailey has seen sales decline yearly since 2006. So when he closed the year up, on the heels of a whopping 33 percent jump in December, he was ecstatic.
GREENVILLE, SC (BRAIN)—Hincapie Sportswear (Hincapie) has hired Elizabeth Giaquinto as a sales representative in New York and New Jersey.
TORONTO, Ontario (BRAIN)—The Bicycle Trade Association of Canada (BTAC) is reporting that bicycle sales by independent bicycle dealers (IBDs) have surpassed a quarter of a billion dollars at retail value.
SAN DIEGO, CA (BRAIN)—Bicycle Retailer & Industry News editors and sponsors are rolling out this morning to begin a three-day bike tour of San Diego shops.
Go over to our Facebook page (click on above link) to tell us what you think of our new BRAIN jersey that will be worn by our editorial staff on the San Diego Dealer Tour, which starts today.
AUSTIN, TX (BRAIN)—Don Walker’s latest North American Handmade Bicycle Show (NAHBS) was a huge success. Not only did exhibitors grow 28 percent to 174 this year, but also attendance eclipsed the 2008 Portland show with 7,316 people paying to get into Austin.
PILSEN, Czech Republic (BRAIN)—Former WTB Europe president Katerina Rejchrtova confirmed on Friday that she is in the process of leaving the company.
MONTEREY, CA (BRAIN)—James Oberstar, the former Minnesota Congressman who successfully worked for 30 years to dramatically increase federal support for bicycling, will be a key panelist at the 2011 Bicycle Leadership Conference.
FRYEBURG, ME (BRAIN)—Downeast Bicycle Specialists Open House has been expanded to cover two days this year, with the first day being dedicated to vendor presentations and the second day following the traditional open house format. It takes place March 5 - 6.
SAN JOSE, CA (BRAIN)—A new company, Slidepad Technologies, is launching a single-lever brake system. SOAR Communications is helping introduce the company to the industry.
HEERENVEEN, The Netherlands (BRAIN)—Accell Group’s revenue rose just 1 percent in 2010 as poor weather conditions and unfavorable exchange rates hampered fourth quarter sales.
Still, the company posted an 11 percent rise in net profit due to tax benefits and lower interest charges.
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