Industry News

GOLDEN, Colo. (BRAIN) — Feedback Sports has hired two additional rep groups to serve the brand in Florida, Arizona, New Mexico and Southern Nevada.

Tagged Sales Reps

MORGAN HILL, Calif. (BRAIN) — World Champion Peter Sagan will continue racing on a Specialized as he moves to the German team BORA–hansgrohe for 2017.

Tagged Racing & Sponsorship
Park Tool signs on as presenting sponsor.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike is adding a new show feature, the Interbike Mechanics Challenge, presented by Park Tool.

Tagged Interbike

MADRID (BRAIN) — Rotor Bike Components has hired industry veteran Lori Barrett as its North American brand manager.

Tagged People

BOULDER, Colo. (BRAIN) – PeopleForBikes has announced its latest round of community grants. Two of the grants were done in conjunction with the International Mountain Bicycling Association.

Tagged Advocacy/Non-profits

SQUAMISH, British Columbia (BRAIN) — Kona Bicycles will roll out its online sales program in select U.S. states later this year.

Tagged Omnichannel

BOULDER, Colo. (BRAIN) — According to the Bicycle Product Suppliers Association June report, supplier shipments over the first six months of this year fell 6 percent to 1.2 million units from 1.3 million last year. Sales fell to $551.5 million from $581.3 million over the first half of 2015.

FORT COLLINS, Colo. (BRAIN) — Connex has reduced the U.S. wholesale and suggested retail prices of its chains by about 10 percent due to the continued weakness of the euro against the U.S. dollar, the company announced this weel. The company also announced a new minimum advertised price policy in the U.S.

Tagged MAP

OLNEY, Ill. (BRAIN) — SKS USA will now act as the exclusive North American brand manager and distributor of SQlab saddles.

Tagged Distributor news
Company doesn't mention cycling products in quarterly presentations.

SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin stocks hit a 52-week high on Wednesday after earnings and revenue far exceeded analyst expectations for the first half. The company also raised its guidance for the second half.

Tagged Earnings/Financial Reports
Company exceeds Wall Street expectations, points to improved sell-thru rates and continued marketshare dominance.

SAN MATEO, Calif. (BRAIN) — GoPro announced a second quarter sales decline of 47 percent this week, along with a loss of nearly $92 million, after reporting a profit last year in the same period.

Tagged Earnings/Financial Reports

HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.

Tagged Earnings/Financial Reports
The Suomy Gun Wind road helmet, in Lampre team colors.

SANTEE, Calif. (BRAIN) — Ciclista America, the U.S. distributor for Sidi shoes, is introducing the Italian bike helmet line, Suomy, to the U.S. market this fall.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Following last year's "Breaking Away" reunion at the Interbike Awards Gala, this year's Interbike awards ceremony will include an appearance by at least four of the top-billed cast members of the 1985 cycling film "American Flyers."

Tagged Interbike / Interbike Awards

EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.

OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.

Tagged Earnings/Financial Reports

DURANGO, Colo. (BRAIN) — Greg Herbold is retiring from work with SRAM and RockShox after 25 years with the brands as a racer, product developer and ambassador.

LAKE SUCCESS, N.Y. (BRAIN) — Polar has appointed Stan Brajer as its senior VP of U.S. sales and marketing. Brajer brings more than 20 years of experience in sports, fitness and retail to Polar. Previously, Brajer he was VP of U.S. sports sales for Timex.

LEXINGTON, S.C. (BRAIN) — Hawley is now distributing bike and ski bags from the German brand EVOC.

The announcement comes less than 12 months after Lambert, Hawleys' sister company, relaunched EVOC in Canada. EVOC products will be available for ordering from Hawley in October.

MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.

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