WASHINGTON, D.C. (BRAIN)—Imports of mountain bikes in January were 51 percent higher than last year, and road bike imports are up 66 percent, according to Department of Commerce reports. Overall suppliers brought in 980,352 bikes, or 37,760 more than a year ago.
WESTPORT, CT (BRAIN)—Fox Racing Shox reported a 40 percent revenue increase in 2010 as the rebounding economy spurred higher OEM sales in the mountain biking category, the company’s parent company, Compass Diversified Holdings, said on Thursday.
MONTREAL (BRAIN)—Sales in Dorel Industries’ bike division rose 13.7 percent in 2010 boosted by the successful relaunch of the Schwinn brand, as well as double-digit growth in the IBD channel in the U.S. and Europe, according to a year-end earnings report released by the company on Thursday.
VAN NUYS, CA (BRAIN)—Strong sales of Easton cycling components and wheels drove a sales increase of 6.4 percent in Easton Bell Sports’ action sports segment during the final quarter of 2010, according to the company’s year-end financial results released on Thursday.
WASHINGTON, D.C. (BRAIN)—Suppliers imported 19.77 million bikes into the United States last year, worth more than $1.43 billion, a historical record value for imports. The only year with more imports was 2000, when suppliers brought in 20.28 million bikes, but their value in unadjusted dollars was $1.12 billion.
MELBOURNE, Australia (BRAIN)—Imports of bicycles into Australia grew 12 percent in 2010 due to strong growth in the summer months, according to bicycle sales statistics released by Australian nonprofit Cycling Promotion Fund.
OSAKA, Japan (BRAIN)—Shimano’s sales hit $2.6 billion last year (213.6 billion Yen), with the bicycle division contributing $2.1 billion (169.4 billion Yen) in sales, or 79 percent of total sales. Shimano’s net income doubled to $232.3 million (19.1 billion Yen).
CLOPPENBURG, Germany (BRAIN)—Derby Cycle raised €98.6 million ($133.9 million) in its market debut today on the Frankfurt Stock Exchange, the company said in a press release.
The listed price was €13.15 per share for 7.5 million shares listed.
HELSINKI, Finland (BRAIN)—Sales of Mavic rims, wheels, apparel and footwear rose 5 percent last year, totaling € 106.4 million ($142. 4 million), according to year-end financial results released Thursday by Amer Sports, Mavic’s parent company.
TAIPEI, Taiwan (BRAIN)—Taiwan’s top two bike manufacturers ended 2010 up double digits after wrapping up the year with solid growth in December.
WASHINGTON, D.C. (BRAIN)—Imports through November totaled 18,952,454 units, not only the best November total in a decade—up 4,776,736 units over last year—it beat most full year imports of the decade as well.
TAIPEI, TAIWAN (BRAIN)—Revenue for Taiwan’s top two manufacturers rose in November, putting both Giant and Merida on track for double digit growth in 2010, according to numbers released on the Taiwan Stock Exchange.
SCOTTS VALLEY, CA (BRAIN)—Easton-Bell Sports, Inc. reported sales increased 10.2 percent in the third quarter to $198.8 million from $180.4 million a year ago, while gross margin increased to 35 percent from 34.4 percent. Team Sports sales grew 12.4 percent while Action Sports revenues grew 8 percent.
WASHINGTON, D.C. (BRAIN)—Imports through September are not only up strongly over last year, they are higher than anytime over the past six years. Suppliers swung 15.46 million bikes over the pier so far, an increase of 3.8 million units over last year.
WESTFORD, CT (BRAIN)—Fox Racing Shox posted its fourth consecutive quarter of double-digit revenue growth this week as net sales soared 66 percent in the third quarter of the year.
MONTREAL, Quebec (BRAIN)—Dorel's third quarter recreational/leisure revenue increased 18.8 percent to $172.5 million compared to $145.2 million last year for the same time period.
HELSINKI, Finland (BRAIN)—Mavic’s sales jumped 14 percent in the third quarter of the year as next year’s preseason orders began shipping, according to an earnings report released Thursday by Amer Sports, the wheel manufacturer’s Finnish owner.
OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle segment soared almost 20 percent during the first three quarters of the year as the world economy showed signs of recovery, according to nine-month earnings figures released by the company on Wednesday.
MILAN, Italy (BRAIN)—Oakley saw double digit growth in the third quarter of the year, led by exceptional performance in Europe, according to a earnings report released Monday by Luxottica, parent company of the eyewear giant.