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6 hours 11 min ago

MILAN, Italy (BRAIN) — Luxottica Group SpA, parent of optical brands including Oakley and Ray Ban, reported this week that third-quarter net income rose 10 percent to 162 million euros ($204 million) fueled in part by strong sales growth of more than 30 percent in emerging markets including China, Brazil, India and

Posted in International
11 hours 20 min ago

BERN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry (WFSGI) has elected ISM Saddles’ Dave Schindler and Selle Italia’s Piet van der Velde chairpersons of the organization’s new Bicycle Saddle Committee.

Posted in International
12 hours 12 min ago
David’s World Cycle is now up to 12 stores … and counting.

ORLANDO, Fla. (BRAIN)—A recent purchase of four bike shops in a one-month period has brought the store count at David’s World Cycle to 12. The greater Orlando-area retailer also has its sights on a fifth acquisition, with a deal set to close in November.

Posted in Retail News
12 hours 53 min ago
Cane Creek DBinline shock

WASHINGTON (BRAIN) — Cane Creek Cycling Components is working with the U.S. Consumer Product Safety Commission to recall about 5,000 DBinline rear shocks sold in the U.S. because the shocks are marked with graphics that incorrectly identify the adjustment directions for high-speed rebound damping.

Posted in North America
13 hours 50 min ago
Gearin’ Up Bicycles operated out of a shipping container its first summer in business.

WASHINGTON (BRAIN) — When Katie Lupo went shopping for a bike after relocating to D.C. from Madison, Wisconsin, for an internship, she was shocked to discover there were no used bike shops in the city. After finishing graduate school, Lupo decided to move to D.C. permanently and open her own. Lupo started Gearin’ Up Bicycles in late 2012 as a nonprofit community used bike shop, modeling it after a similar program in Madison called Dream Bikes.

Posted in Retail News
17 hours ago

SAN DIEGO (BRAIN) — The former president and CEO of Competitor Group Inc. (CGI) and the company’s current senior vice president of sales are fighting a sexual harassment suit filed by a San Diego woman who formerly worked as their executive assistant.

Posted in Industry News
21 hours 3 min ago

YPSILANTI, Mich. (BRAIN) — When Two Wheel Tango unexpectedly closed in early October, many customers who had purchased bikes from one of its three stores wondered where they would take them for service.

Posted in Retail News
1 day 9 hours ago

RICHMOND, Victoria, Australia — Knog has enlisted Channel IQ’s services to “regain some control over the integrity of pricing” online, the Australian light and lock brand said in a release.

Posted in International
1 day 10 hours ago

DENVER (BRAIN) — The 2014 USA Pro Challenge stage in August brought $130 million in spending to its home state of Colorado, according to a study by sports research firm Sponsorship Science. The USA Pro Challenge commissioned the study.

Posted in Studies/Reports
1 day 11 hours ago
Race Pace serves the first customers to patronize the Maryland retailer’s new location in Ellicott City.

ELLICOTT CITY, Md. (BRAIN) — After learning that the strip mall where Race Pace Ellicott City was housed for 30 years would be torn down, owner Alex Obriecht began looking for a new building to rent. Buying property wasn’t something he had initially considered, but commercial rentals were expensive and difficult to find. So in December 2012, Obriecht purchased a 7,000-square-foot warehouse that had previously been used to store excavating equipment. He hired an architect and the building was gutted and remodeled inside and out. An additional 4,800 square feet of space was also added to the building. The process took more than 21 months — nearly a year longer than Obriecht had anticipated.

Posted in Retail News
1 day 12 hours ago

SUWANEE, Ga. (BRAIN) — Tire maker CST is implementing a minimum advertised price (MAP) policy for all of its bicycle products effective Nov. 1.

Posted in Industry News
1 day 13 hours ago

SAN FRANCISCO — Strava, an app popular with the cycling community, has raised $18.5 million in new money to pay for future growth and expansion, reports Re/Code Daily, a website that covers the digital technology market.

Posted in North America

Upcoming Events

Nov 04 to Nov 07
Taichung Bike Week Taichung, Taiwan
Nov 05 to Nov 08
National Bicycle Tourism Conference San Diego, Calif.
Nov 08 to Nov 09
2014 Philly Bike Expo PA Convention Center
Nov 08
SoCalCross Prestige Series Riverside, CA
Dec 09 to Dec 11
Mann University Leadership Course Asheville, NC
Jan 07 to Jan 11
USA Cycling Cyclocross National Championships Zilker Park, Austin, Texas

New Product

ST. CHARLES, Ill. (BRAIN) — Sigma Sport’s Buster 200 is a compact and rugged USB-rechargeable front light boasting 200 lumens of output, six modes and a host of additional features.

Industry Stock Chart

NameCurrentChange
Accell Group 12.20-0.37%
Cheng Shin Rubber 71.00+0.42%
Compass Diversified 18.20+0.72%
Dorel Industries 34.52-2.24%
Giant Manufacturing 246.00+0.41%
GoPro 68.25+0.53%
Ideal 13.25+3.52%
Kenda Rubber 62.00+0.32%
KMC 0.00N/A
Merida Industries 210.00+0.24%
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