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Posted July 30, 2015

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.

Posted in North America Tagged Earnings/Financial Reports
Posted July 30, 2015
Bike-related sales were up nearly 30 percent.
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.
Posted in International Tagged Earnings/Financial Reports
Posted July 30, 2015

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.

Posted in North America Tagged Sales Reps
Posted July 30, 2015

SEATTLE (BRAIN) — Nuun and Company's caffeinated sports drink tablets, sold under the Energy name in the U.S., have been certified by Canadian authorities. In Canada, the tablets are being sold under the Boost name and are now available through its Canadian distributor, Red Pine Outdoor Equipment.

Posted in North America
Posted July 29, 2015

CANTON, Mass. (BRAIN) — Kryptonite has signed on with Shimano Europe Bike Holding to distribute the brand’s bicycle security products in several European countries, including the Netherlands, Belgium, Luxembourg, France, Sweden, Denmark, Finland and Norway. Effective Sept.

Posted in International
Posted July 29, 2015

LAS VEGAS (BRAIN) — The National Multiple Sclerosis Society is partnering with Interbike to present Bike MS: Las Vegas on Saturday, Sept. 19.

Posted in North America
Posted July 29, 2015

BOULDER, Colo. (BRAIN) — While women's specific bike, accessory and apparel sales are trending upward, there is still a big opportunity to grow.

Posted in Studies/Reports
Posted July 29, 2015
FOOTHILL RANCH, Calif. (BRAIN) — Oakley Inc. is laying off 167 employees in Southern California, including 137 at its Foothill Ranch headquarters, according to a report from the California Employment Development Department, as parent company Luxottica Group of Italy continues to integrate the sunglass and apparel brand into its global business.
Posted in North America
Posted July 29, 2015

KOBLENZ, Germany (BRAIN) — Canyon Bicycles is opening an office in Melbourne and will soon begin consumer-direct sales in Australia and New Zealand. The company said it would assemble bikes at its German headquarters and ship directly from there to consumers Down Under.

Posted in International
Posted July 29, 2015

WILTON, Conn. (BRAIN) — Dorel Sports has appointed James Hamilton, based in the company's Frome, U.K. office, as its global marketing manager, for parts and accessories in its Cycling Sports Group.

Posted in International Tagged People
Posted July 29, 2015

HELSINKI (BRAIN) — Mavic sales were up 3 percent globally in the first half of this year, as its parent company Amer Sports Corporation recorded a net sales increase of 9 percent, to 461.1 million euros ($509 million). 

Posted in International Tagged Earnings/Financial Reports
Posted July 29, 2015

FAIRFAX, Calif. (BRAIN) — The Mountain Bike Hall of Fame has announced nominees for this year's induction into the hall. Members of the hall can now vote for their choices; votes will be accepted until Aug. 12.

The Induction Ceremony will be held at the Interbike Expo in Las Vegas on Wednesday, Sept. 16.

Posted in North America
Posted July 28, 2015

PETALUMA, Calif. (BRAIN) — CamelBak and Osprey Packs have settled a patent infringement lawsuit the CamelBak filed against Osprey in February. The companies did not release terms of the settlement

Posted in North America
Posted July 28, 2015

KETCHUM, Idaho (BRAIN) — Club Ride Apparel has added a female designer to its staff, as a part of the brand's strategy to increase women's sales to 50 percent of its overall sales by next year.

Posted in North America
Posted July 28, 2015

VENTURA, Calif. (BRAIN) — A new distributor, Zeitbike, is being launched this week by Fritz Bohl, the former CEO of Abus North America. Zeitbike's dealer portal went live Monday.

Posted in North America
Posted July 27, 2015

SANDY, Utah (BRAIN) — Reynolds Cycling is expanding its relationship with DWL Bicycle Company, who will now manage all aftermarket sales and marketing responsibilities in Asia. DWL, based in Taichung, Taiwan, previously handled responsibilities for Reynolds involving Asian OEs and assemblers.

Posted in International
Posted July 27, 2015

BOULDER, Colo. (BRAIN) — PeopleForBikes has launched a new campaign intended to inspire riders to try riding dirt roads and paths as a way to escape traffic and make the riding experience more enjoyable.

Posted in North America Tagged Advocacy/Non-profits
Posted July 27, 2015

IRVINE, Calif. (BRAIN) — Felt Bicycles has officially unveiled a new corporate logo. The new design was introduced at a global distributor meeting in Germany. The company also released a usage guide for distributors and retailers that includes recommendations and regulations for all Felt branding.

Posted in North America
Posted July 27, 2015

FREEPORT, Maine (BRAIN) —The Carrabassett Region chapter of the New England Mountain Bike Association has received a $50,000 grant from LL Bean's Charitable Giving for Conservation and Outdoor Recreation.

Posted in North America
Posted July 27, 2015

WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has agreed to sell CamelBak Products LLC to Vista Outdoor Inc. for about $412.5 million.

Posted in Industry News Tagged Mergers/Acquisitions

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