WATERTOWN, MA (BRAIN)—Seven Cycles sales grew 10 percent over the first quarter compared with last year. The growth exceeded Seven's projections and in order to respond, the company is hiring across the board to keep up.
WASHINGTON, D.C. (BRAIN)—Shipments of kids' bikes to Australia helped push U.S. bike exporters' January business 16 percent over last year. Exports of kids' bikes increased 1,336 units, a 71 percent jump, while adult exports dropped 421 units.
WASHINGTON, D.C. (BRAIN)—Importers brought in 139,794 fewer units this January compared with the year before—a 13 percent drop in business, the lowest January for importers since 2002.
TORONTO, Ontario (BRAIN)—The Bicycle Trade Association of Canada (BTAC) reports its supplier members picked up $21 million* in sales last year as shipments to dealers fell 8 percent but sales grew 14 percent to $171 million.
BETHEL, CT (BRAIN)—Topolino Technology expects first quarter sales to more than double last year's results.
MONTREAL, Quebec (BRAIN)—Dorel Industries’ bike business grew by 11.3 percent in the fourth quarter of 2009, propelling the segment to a year-end sales increase of almost 4 percent.
Revenue increased to $175.6 million in the fourth quarter of 2009 compared with $157.8 for the same period in 2008.
WESTPORT, CT (BRAIN)—Annual sales for Fox Racing Shox fell 7.8 percent in 2009, but the company saw signs of recovery in the fourth quarter with double-digit growth during the last three months of the year.
MILAN, Italy (BRAIN)—Oakley posted double digit growth in 2009 despite the rocky economy according to year-end earnings results released Monday by Oakley’s parent, Luxottica Group.
The solid results last year were on top of double-digit growth in 2008, the company said.
HEERENVEEN, The Netherlands (BRAIN)—Accell Group cashed in on the growing popularity of bikes for transportation last year, posting a 6 percent increase in sales and a 15 percent spike in profit.
PHILADELPHIA, PA (BRAIN)—In the Bicycle Products Supplier Association (BPSA) December report bicycle shipments to dealers fell 9 percent last year. Sales fell a relatively mild 4 percent as the average unit price climbed $18 to $356.
WASHINGTON, D.C. (BRAIN)—Imports dropped by more than 3.61 million units in 2009 as bike sales fell during the recession. Overall, importers brought in 14.84 million units last year, a drop of 20 percent from 2008 and the lowest number of bikes imported in a decade.
TAIPEI, Taiwan (BRAIN)—Taiwan manufacturers enjoyed a solid start to 2010 with most seeing double digit increases in January revenue.
Giant, the island’s largest bike manufacturer, was up 11.55 percent in January—from $42.7 million in 2009 to $47.6 million for the same month in 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).
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.
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.
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.
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.
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.
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.