Industry News

MANCHESTER, N.H. (BRAIN) — Headband manufacturer Halo has joined The Bike Cooperative as the retailer co-op's newest supplier partner. Effective immediately, member retailers of The Bike Cooperative will earn rebates on purchases of all Halo Headband products, both direct and through distributors.

BLOOMINGTON, Minn. (BRAIN) — Garneau Custom clothing is now available through Quality Bicycle Products, for retailers looking for custom shop or team apparel.

Company announces impairment charges for Pearl Izumi USA. Forecasts less than percent growth in bike-related business in 2017.

OSAKA, Japan (BRAIN) — Shimano's worldwide bicycle-related sales slumped 17.4 percent in the company's fiscal 2016 to 259,455 million yen ($2.27 billion), while operating income in that segment declined 27.5 percent, the company announced Tuesday.

Tagged Earnings/Financial Reports

LUGANO, Switzerland (BRAIN) — Effetto Mariposa Sagl has established a new minimum advertised pricing policy that will take effect March 1. The policy sets the MAP at the manufacturer's suggested retail price.

WASHINGTON, D.C. (BRAIN) — The League of American Bicyclists board has appointed longtime staff member Bill Nesper as interim executive director following the departure of Alex Doty as executive.

CORTEZ, Colo. (BRAIN) — Decades after retiring from professional road cycling, Inga Thompson is returning to the sport to work on women's advocacy and other projects.

BLOOMINGTON, Minn. (BRAIN) — At this weekend's Frostbike dealer event at QBP, Ritchey Design is auctiong a P29 Ritchey frame that was welded by Tom Ritchey himself. The auction's proceeds will go to the National Interscholastic Cycling Association.

ANNAPOLIS, Md. (BRAIN) — Two longtime employees have bought Velo Orange from the brand's founder, Chris Kulczycki.

Igor Shteynbuk and Adrian Nelson purchased all of the assets of Velo Orange and its associated brands, Grand Cru Components and Dajia Cycleworks.

PHILADELPHIA (BRAIN) — Advanced Sports Enterprises, the owner of ASI and Performance Bicycle, is realigning key staff in its product development department.

Tagged Electric bike
The changes include transitions for a father-daughter pair.

NEWBURY PARK, Calif. (BRAIN) — Giant USA has announced a promotion to its sales department, a transition to its quality assurance department, and the hiring of two new demo tour contractors.

Two of the transitions involve the father-daughter pair of Melissa Maresca and James Maresca.

Tagged People
The owner of Bell, Giro and CamelBak sees a drop in organic sales and profits, and a huge write-down last month caused a net loss for the quarter.

FARMINGTON, Utah (BRAIN) — Vista Outdoor Inc. sales hit $654 million in its fiscal quarter than ended Jan. 1, a 10 percent increase. The growth included sales from new acquisitions made last year; when those new sales are removed, the company saw a 5 percent decrease in sales.

Enve and Mavic sales top $160 million for the year.

HELSINKI (BRAIN) — Amer Sports' cycling sales, through its Mavic and Enve brands, were up 8 percent last year, to 150.2 million euros ($160 million), up from 138.5 million the prior year.

Tagged Earnings/Financial Reports

HEERENVEEN, Netherlands (BRAIN) – Accell Group N.V. said longtime chief executive officer and chairman of the board of directors, René Takens, will step down April 25 at the general meeting of shareholders. The decision was taken my “mutual consent,” according to a press release issued by the company.

Tagged People
Yeti's Chris Conroy named board chairman.

BOULDER, Colo. (BRAIN) — Retired racer Dave Wiens has quickly moved from the board chair of the International Mountain Bicycling Association to becoming its executive director. He replaces Mike Van Abel who resigned as executive director last summer.

Tagged Advocacy/Non-profits

BOULDER, Colo. (BRAIN) — Camber Outdoors and the Bicycle Product Suppliers Association are offering scholarships to bring four people to the Bicycle Leadership Conference this April in Monterey, California. 

Tagged Advocacy/Non-profits / Bicycle Leadership Conference

SALT LAKE CITY (BRAIN) — Vista Outdoors is facing a $5 million lawsuit over allegations that it misled investors about the financial condition of its shooting sports division during a six-month period from Aug. 11, 2016 through Jan. 13, 2017.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Organizers of the Outdoor Retailer show, currently held in Salt Lake City, are soliciting proposals from cities interested in hosting the show in 2018 and beyond.

Don't blink! A rider in an H&R Block ad.

BOULDER, Colo. (BRAIN) — With ads costing over $5 million per 30-second spot, any appearance in a Super Bowl ad is worth something, right?

SANDY, Utah (BRAIN) — Reynolds Cycling is raising money for the Huntsman Cancer Foundation and the work of the Huntsman Cancer Institute by hosting a fundraising raffle that has already started and will conclude at the 2017 North American Handmade Bicycle Show on Sunday, March 12.

Tagged North American Handmade Bicycle Show

LAGUNA HILLS, Calif. (BRAIN) — The newest issue of Bicycle Retailer & Industry News includes our annual Electric Bike Report, which includes results from BRAIN's recent survey of U.S. retailers on their experiences selling — or their reasons for not selling — e-bikes in their stores.

Tagged BRAIN News / Electric bike

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