All articles by BRAIN Staff
LAGUNA HILLS, Calif. (BRAIN) — Bicycle Retailer & Industry News' latest print issue, the Aug. 1 edition, takes the temperature of the industry after the first six months of the year. The verdict: It’s sluggish, say distributors.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has completed the sale of CamelBak Products to Vista Outdoor Inc. for $412.5 million plus an additional $14.1 million of estimated cash and working capital adjustments.
CHICAGO (BRAIN) — SRAM is hosting The Mariposa Challenge on Mapmyride.com to get more women on mountain bikes during the month of August. The company is teaming up with 31 retailers on the challenge, which is free for any female to join.
SIMI VALLEY, Calif. (BRAIN) — Accell North America has established a standalone business unit called Haibike USA to handle the sales and marketing of Haibike e-bikes in the United States.
Accell introduced Haibike just over a year ago under its electric bicycle specialty division, Currie Technologies.
BERLIN (BRAIN) — Organizers of the Berliner Fahrradschau show, one of the largest European consumer bike shows, announced that the 2016 edition will be held March 18-20.
The event is being held at the Station-Berlin.
FORT COLLINS, Colo. (BRAIN) — Exustar's SM-324 MTB Shoe retails for less than $80 and offers affordable performance for mountain biking and cyclocross, the company says.
DEL MAR, Calif. — Benno Baenziger, co-founder of Electra, is back in the bike industry with a new line called Benno Bikes and is looking for a distributor to handle sales in North America and internationally.
OLATHE, Kan. (BRAIN) — Garmin shipped 8 percent more units in the second quarter than a year earlier but saw revenue edge slightly lower as unfavorable currency rates reduced revenue by $59 million and negatively affected margins during the period.
OSAKA, Japan (BRAIN) — Shimano Inc. sales were up nearly 26 percent in the first half this year, to 197 billion yen ($1.6 billion) worldwide. Bike sales were up 29.7 percent. The company said a solid economy in the U.S. contributed to the results, as did the continued depreciation of the yen.
BOULDER, Colo. (BRAIN) — CatEye America has signed with Mountainview Sports Group for sales representation in the Southeast states of North Carolina, South Carolina, Georgia, Tennessee, Mississippi and Alabama.