News
ELKTON, MD (BRAIN)—Gore Ride On Cable Systems has changed its distribution model in the U.S., adding Quality Bicycle Products, Trek, Giant, BTI, Hawley, Security and Downeast as distributors. Previously, the company sold its products directly to dealers via Gore Direct Sales.
SAN CLEMENTE, CA (BRAIN)—SRAM public relations manager Morgan Meredith has left the parts giant to become publisher of Bike and Paved magazines. He starts Wednesday, Nov. 9.
DAVIS, CA (BRAIN)—A weekend of festivities kicked off tonight and will continue all day Saturday as four legends of the sport are inducted into the U.S. Bicycling Hall of Fame. The HOF also celebrates its 25th anniversary.
HILDEBRAN, NC; MONTREAL, Quebec (BRAIN)—Gene DiMenna has joined DeFeet International as its national sales manager. DiMenna spent several years leading segments of Trek Bicycle’s sales territories.
SANTA CRUZ, CA (BRAIN)—X-Fusion may have gotten the heave-ho from its digs in Santa Cruz, California, after only a year there, but the company seems to be making the best of the situation.
MONTREAL (BRAIN)—Specialty brands led the way to a 21.6 percent third quarter sales increase in Dorel Industries’ bike division, according to figures released by the company Thursday.
HERZOGENAURACH, Germany (BRAIN)—Adidas announced Thursday that it signed a share purchase agreement to acquire outdoor action sports brand Five Ten.
MONTREAL (BRAIN)—Dorel Industries has outsourced the custom manufacturing division of Sugoi’s apparel business in a move to increase profitability in that division, Dorel executives said Thursday during a conference call to discuss the company’s third quarter earnings.
BOULDER, CO (BRAIN)—According to Leisure Trends Group, overall merchandise sales at IBDS during September were up 5 percent in units and 9 percent in dollars compared to September 2010, totaling $263 million. That’s up $21 million compared to the same month last year.
VALENCIA, CA (BRAIN)—In a world where consumers increasingly turn to the wealth of free content online rather than pay for print newspapers and magazines, H3 Publications is experiencing just the opposite with tri-magazine.
ZUG, Switzerland (BRAIN)—Specialized is teaming with Vancouver-based women’s yoga and running apparel ace lululemon athletica to co-sponsor the former HTC-Highroad women’s team.
OLATHE, KS (BRAIN)—Garmin reported total revenue through September was flat compared to the same period a year ago, but revenue across its outdoor and fitness segments was up. Revenue for the third-quarter was down 4 percent to $667 million from $692 million in the third quarter of 2010.
PORTLAND, OR (BRAIN)—Planet X USA is now the exclusive distributor of Guerciotti Italian bicycles in North America.
The brand was previously distributed by Ochsner International in the U.S. and Velocissimo Cycle and North American Bici Wholesale in Canada.
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