News
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.
PHILADELPHIA, PA (BRAIN)—Saturday’s layer of ice coating on roads, sidewalks and trees gave Philly Bike Expo coordinator Bina Bilenky pause. Yet 2,200 attendees braved the weather to attend the expo and numerous seminars Oct. 29-30.
SEATTLE, WA; HAILFINGEN, Germany (BRAIN)—LeMond Fitness has appointed Raymond Calvert to the role of vice president and chief financial officer.
WASHINGTON, DC (BRAIN)—A proposal to re-allocate money from the federal Transportation Enhancements program to fund bridge repairs was defeated in the Senate with a vote of 60-38 yesterday.
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