News
SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin stocks hit a 52-week high on Wednesday after earnings and revenue far exceeded analyst expectations for the first half. The company also raised its guidance for the second half.
SAN MATEO, Calif. (BRAIN) — GoPro announced a second quarter sales decline of 47 percent this week, along with a loss of nearly $92 million, after reporting a profit last year in the same period.
HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.
SANTEE, Calif. (BRAIN) — Ciclista America, the U.S. distributor for Sidi shoes, is introducing the Italian bike helmet line, Suomy, to the U.S. market this fall.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Following last year's "Breaking Away" reunion at the Interbike Awards Gala, this year's Interbike awards ceremony will include an appearance by at least four of the top-billed cast members of the 1985 cycling film "American Flyers."
EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.
OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.
DURANGO, Colo. (BRAIN) — Greg Herbold is retiring from work with SRAM and RockShox after 25 years with the brands as a racer, product developer and ambassador.
LAKE SUCCESS, N.Y. (BRAIN) — Polar has appointed Stan Brajer as its senior VP of U.S. sales and marketing. Brajer brings more than 20 years of experience in sports, fitness and retail to Polar. Previously, Brajer he was VP of U.S. sports sales for Timex.
TRUCKEE, Calif. (BRAIN) — Surly is still betting big on the fat bike market, but has trimmed its 2017 line from five models to two — the Wednesday and the Ice Cream Truck.
Still, John Fleck, Surly's global sales manager, said a third model could be added later in the season.
LEXINGTON, S.C. (BRAIN) — Hawley is now distributing bike and ski bags from the German brand EVOC.
The announcement comes less than 12 months after Lambert, Hawleys' sister company, relaunched EVOC in Canada. EVOC products will be available for ordering from Hawley in October.
MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.
SQUAMISH, British Columbia (BRAIN) — Mountain bike website PinkBike.com is holding its third annual video contest with GoPro.
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