All articles by BRAIN Staff
VISTA, Calif. (BRAIN) — Haro Bicycles has created Haro Europe, which will operate a sales and marketing office in Bielefeld, Germany. Haro Europe will focus on sales and support to its existing distribution base located in 21 countries, as well as opening new markets where no distribution currently exists.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has opened retailer registration for its Fall CycloFest, a trade and consumer festival to be held Oct. 20-23 near Charlotte, North Carolina. The first two days of the event are trade-only.
KENT, Wash. (BRAIN) — Raleigh Bicycles has hired Curt Davis as its director of product management, effective May 2. The company is also bolstering its sales team with the promotion of Rob Kaplan to vice president of sales and Tyler Stetson to director of inside sales and customer service, effective immediately.
BOULDER, Colo. (BRAIN) — RockyMounts is introducing a new hitch-mount bike rack that weighs just 44 pounds, which the company said is lighter than the competition.
WATERTOWN, Mass. (BRAIN) — Seven Cycles says its flexibility — including programs offering retailers co-branded and store-specific designs — has led to sales growth in early 2016.
OLATHE, Kan. (BRAIN) — Garmin reported Wednesday that its first-quarter revenue rose 7 percent and net profit surged 32 percent as the company saw strong double-digit growth in the outdoor and marine segments that helped offset continuing declines in its automotive business.
NOVATO, Calif. (BRAIN) — Marin Mountain Bikes Inc. has hired cycling industry veteran Larry Oliver as a factory sales representative, covering Marin's territory of metro New York, New Jersey and Eastern Pennsylvania.
BLOOMINGTON, Minn. (BRAIN) — QBP has hired Nick Ludwig as its OEM sales manager. Ludwig comes to QBP from SRAM, where he was an OEM account manager for QBP's bike brands, as well as for Trek, Marin and a host of others.
OSAKA, Japan (BRAIN) — Shimano on Tuesday reported its second consecutive quarterly year-over-year revenue decline in its bike segment, as it announced that net sales were down 20 percent in the first quarter of 2016. The company's operating income also was down, 30.7 percent.
WASHINGTON (BRAIN) — Tern is expanding its recall of some folding bikes. The recall, first announced in May 2013 covering about 175 bikes, has now been expanded to cover an additional 220 bikes, which were sold as recently as this month. The affected frames can break at the hinge on the toptube.