Posted February 14, 2010
OSAKA, Japan (BRAIN)—Shimano’s sales fell to $2.07 billion (186.7 billion Yen) in 2009, down 21 percent from sales of $2.61 billion (235.14 billion Yen) in 2008 and down from its 2007 sales of $2.35 billion (211.77 billion Yen).
Posted February 4, 2010
HELSINKI, Finland (BRAIN)—Mavic’s net sales fell 13 percent in 2009 due to declining OEM orders and weak demand in the U.S., according to year-end financial results released Thursday by Mavic’s parent company, Amer Sports.
Posted January 12, 2010
WASHINGTON, D.C. (BRAIN)—Kids are not only experiencing cuts at school due to the bad economy, but 1.96 million parents decided against a bike purchase for them through November.
Posted January 11, 2010
TAIPEI, Taiwan (BRAIN)—Last year was a bad one for the Taiwanese bike business, according to financial results reported to the Taiwan Stock Exchange. However, sales for 2009, while off the heady 2008 sales results, are still substantially above 2007.
Posted December 29, 2009
PHILADELPHIA, PA (BRAIN)—The Bicycle Supplier Parts Association (BPSA) reports that October on October shipments to retailers fell by 11 percent, and sales fell by 5 percent over 2008. October bicycle imports are also down over last year, according to the Department of Commerce import statistics.
Posted December 10, 2009
TAIPEI, Taiwan (BRAIN)—The bike business is hitting the skids as 2009 wraps up with November sales reports from Merida showing a month on month drop in business of 21 percent, Giant down 14 percent, Kenda down 24 percent and component maker Lee Chi down 20 percent.
Posted December 8, 2009
WASHINGTON, D.C. (BRAIN)—Exports of Made in USA bikes dropped by 1,288 units through the third quarter, a 3 percent drop. A steep drop in shipments to Mexico and Latin America negated the increase in business with Britain, France, Germany, the Netherlands and Pacific Rim nations.
Posted November 17, 2009
HEERENVEEN, the Netherlands (BRAIN)—Accell Group reported to have an expected higher turnover and an increase in net profit of around 10 percent compared to 2008.
Posted November 15, 2009
WASHINGTON, DC (BRAIN)—Imports of bicycles through September total 11.624 million units, down 2.093 million units over last year, according to the U. S. Department of Commerce import data released this week. Imports of 700c road and hybrid bikes bucked the trend, increasing 10 percent.
Posted November 10, 2009
WATSONVILLE, CA (BRAIN)—Revenue was down 14.8 percent at Fox Racing Shox for the third quarter of the year as both OEM and aftermarket sales dropped in the weak economy.
Posted November 5, 2009
MONTREAL (BRAIN)—Third quarter revenue dropped 11 percent in Dorel Industries’ recreational and leisure segment, which includes its bike business, but for the year, the division remains up 1.4 percent.
Posted November 4, 2009
VAN NUYS, CA (BRAIN)—Easton Bell sales declined 11.3 percent for the third quarter of 2009, but the company began to see some signs of stabilization during the period including higher margins in the Action Sports segment, according to an earnings report issued on Wednesday.
Posted November 3, 2009
TAIPEI, Taiwan (BRAIN)—Sales revenue at Taiwan’s big three manufacturers rebounded slightly in September coming off double-digit drops in August, according to numbers released on the Taiwan Stock Exchange.
Posted October 30, 2009
MILAN, Italy (BRAIN)—Oakley’s parent company reported its best sales period of the year in the third quarter as European markets showed signs of recovery and the troubled North American market began to stabilize.
Posted October 30, 2009
CHICAGO, IL (BRAIN)—SRAM’S Stan Day said that the global recession has taken a bite out of the company’s business, reflecting a similar fall off in sales as its competitor Shimano.
Posted October 29, 2009
OSAKA, Japan (BRAIN)—A slow bike market took its toll on Shimano as the company saw its sales tumble to $1.47 billion (134.44 billion Yen) through September, from $1.87 billion (170.6 billion Yen) last year. The company’s income fell to $149.98 million (13.68 billion Yen) from $307.38 million (28.03 billion Yen).
Posted October 29, 2009
HELSINKI, Finland (BRAIN)—Mavic's net sales declined by 14 percent for the first nine months of the year, according to earnings report released Thursday by Mavic’s parent company, Amer Sports.
Posted October 28, 2009
OSAKA, Japan (BRAIN)—Shimano Inc. is slashing its full year profit forecast as U.S. and European consumers cut back purchases on mid- to high-end bicycles and fishing gear, according to Bloomberg News.
Posted October 15, 2009
WASHINGTON, D.C. (BRAIN)—The number of bicycles imported into the United States dropped by 1.822 million units through August, putting importers on track for one of their smallest years in a decade.
Posted September 10, 2009
TAIPEI, Taiwan (BRAIN)—Sales revenue for the month of August at Taiwan’s three largest bicycle manufacturers dropped by double digits, yet year-to-date revenue remains relatively stable.