News
MONTREAL, Quebec (BRAIN)—The chief executive officer of Dorel Industries said on Wednesday that the company would sell Iron Horse branded bicycles in the sporting goods channel starting next year.
VANCOUVER, British Columbia (BRAIN)—Sugoi Performance Apparel has hired Andrew Coutant as its new vice president of design and development.
"With my endurance you don't stand a chance/
My cardiovascular fitness level is right up there with Lance."
—MC SpandX. Click on link for a video that you probably won't see airing on MTV anytime soon.
BETHESDA, MD (BRAIN)—Children’s bicycles and accessories manufactured after Friday must be shipped with a tracking label in order to make the product’s origin more apparent to consumers, according to a standard in the Consumer Product Safety Information Act.
TAICHUNG, Taiwan (BRAIN)—While most manufacturers escaped serious damage as Typhoon Morakot swept over Taiwan last weekend, most companies were forced to halt production for a few days as employees stayed home and electricity was cut.
PHILADELPHIA, PA (BRAIN)—Strong sales gains during the first quarter were erased as sales fell by 2 percent through June, and shipments lagged 8 percent, according to the Bicycle Product Suppliers Association (BPSA) June sales report.
PORTLAND, OR (BRAIN)—UK folding bike manufacturer Brompton Bicycle has established a subsidiary in the United States led by industry veteran Ed Rae. He will work from his home office in Portland, Oregon.
SCHILLER PARK, IL (BRAIN)—LeMond Fitness and distributor Life Fitness have settled all outstanding disputes and litigation. Under the terms of the resolution, Life Fitness will continue to sell the RevMaster group exercise bike and provide service and support for customers.
CHICAGO, IL (BRAIN)—SRAM is working with the U.S. Consumer Product Safety Commission to announce a voluntary recall on its 10 speed PowerLock chain connector. SRAM has determined there is a potential for the PowerLock connector link outer plate to fail.
IMPORTANT NOTE:
TAIPEI, Taiwan (BRAIN)—Initial reports from Taiwan indicate that the island’s bicycle industry escaped relatively unscathed as Typhoon Morakot swept over the island this weekend.
WESTPORT, CT (BRAIN)—Fox Racing Shox saw a sales decline in the first half of the year as OEM suspension business slowed amid the economic downturn.
Compass Diversified Holdings, parent company of Fox, spoke about Fox’s performance during a conference call with analysts on Monday morning.
TAIPEI, Taiwan (BRAIN)—Sales data for the month of July for three of Taiwan’s largest bicycle manufacturers is a mix of news, according to data from the Taiwan Stock Exchange.
OSAKA, Japan (BRAIN)—Shimano felt the pinch from the global economic recession in the first half of 2009 as a sharp drop in personal consumption led to lackluster sales in both the bicycle components and fishing divisions.
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