News

STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.
Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.

NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported revenue increased 114% year-over-year for the third quarter that ended Sept. 30.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to $162 million.

LOS ANGELES (BRAIN) — With product line and revenue growing, it was only a matter of time before Retrospec grew out of its Los Angeles home.

GRAND JUNCTION, Colo. (BRAIN) — From serving as home of cycling companies to being amid some of the country’s best road routes and mountain bike trails, Grand Junction is considered by many as a cycling mecca.

MONTRÉAL (BRAIN) — Cerberus Capital Management is backing a group of family shareholders to take Dorel Industries private. Dorel is the owner of Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has acquired FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners, triathletes, and cyclists across 3,000 events in 50+ countries.

WATERLOO, Wis. (BRAIN) — Trek changed its bike packaging to incorporate lower-impact and recyclable materials earlier this year. On Friday the company released details of its new bike box and internal packaging and made a commitment to move to 100% recyclable and plastic-free packaging.

LAWRENCE, Kan. (BRAIN) — Sunflower Outdoor & Bike Shop, a nearly 50-year-old retailer in downtown Lawrence, has added a cafe that offers coffee, beer and snacks, as part of store redesign that adds more space for customers to socialize — while maintaining some social distance.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 15 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

MADISON, Wis. (BRAIN) — Saris is now working with Urban Arrow, the Dutch e-cargo bike brand, and the e-bike motor supplier Bosch to build and distribute commercial e-cargo bikes to the public sector in North America. Gazelle Bikes remains Urban Arrow's North American distributor of consumer e-cargo bikes.