CLOPPENBURG, Germany (BRAIN)—Derby Cycle Werke reported a 30 percent increase in revenue for the first quarter of the fiscal year in its first financial report since going public on the Frankfurt Stock Exchange earlier this month.
NEW DEHLI, India (BRAIN)—Hit hard by rising input costs, bike manufacturers in Ludhiana, India, which accounts for over 90 percent of country's bicycle and bicycle parts output, have demanded setting up of a regulator to monitor steel prices, according to India's Business Standard.
CARLSTADT, NJ (BRAIN)—Action Bicycle, the northeast's largest distributor, will host its 2011 Expo on Sunday, as more than 30 vendors will be in attendance this year—an increase of 20 percent over last year's event.
MONTREAL, Quebec (BRAIN)—Four new members have joined the Argon 18 team.
Dominique Fortin will act as technical sales support specialist and will manage the demo bike fleet in Quebec and Ontario. He has worked in various capacities for a number of high-end bike shops as well as a large bike manufacturer.
SAN FRANCISCO, CA (BRAIN)—Bike shops in California should be wary of asking a customer for their ZIP code when processing a credit card transaction as that may cost them up to $1,000 per transaction, plus attorney’s fees and other liabilities.
DRESDEN, Germany (BRAIN)—Taiwan wheel manufacturer Pro-Lite will begin hand building wheels in Germany to help jumpstart growth in the European market.
EMERYVILLE, CA (BRAIN)—Clif Bar & Company has promoted Pat Bush to national sales manager, sports retail. In his new role, Bush will manage eight independent sales agencies in the sports retail channel.
MADISON, WI (BRAIN)—When builders from the Midwest spoke up at last October’s Philly Bike Expo, Bina Bilenky listened.
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.
MILTON KEYNES, UK (BRAIN)—Madison’s IceBike event, February 22-24, is in its fifth year hosting UK bike retailers in a fun, informative environment.
EUGENE, OR (BRAIN)—Rolf Prima has partnered with two new distributors for South Korea and Indonesia. Neofly has signed on for South Korea and Spectrum Bikes for Indonesia.
SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike has formed an exhibitor advisory panel made up of 11 executives representing a broad range of manufacturers, suppliers and distributors operating within the international bicycle community.
BLOOMINGTON, MN (BRAIN)—The focus quickly shifted from bikes to weather at Frostbike this past weekend as a harsh winter storm wreaked havoc on the roadways and canceled air travel in and out of Minnesota.
PORTLAND, OR (BRAIN)—Portland Design Works has hired Kevin Murphy as their new sales manager.
MONTREAL, Quebec (BRAIN)—Outdoor Gear Canada (OGC) will distribute GoPro products to all Canadian markets except for powersports and automotive retail.
GoPro’s HD Hero line of wearable and gear mountable cameras and accessories are sold in over 60 countries, according to a press release.
DENVER, CO (BRAIN)—The 4th annual Rocky Mountain Bicycle Festival returns, but to a different venue in Denver, Colorado on June 11 and 12. Last year's event coincided with the Leadville Trail 100 MTB race in August.
BOSTON, MA (BRAIN)—What do three guys who had worked at Independent Fabrication for almost 30 years combined do upon learning the company is moving to New Hampshire in May?
They launch a new handmade venture called Firefly Bicycles in Boston, of course.
"If you're paying less than a buck for a taco, you can't be shocked that the meat in it isn't really meat. Your meal cost less than gum. There's a reason 'taco' spelled backwards is 'O, cat.'"
BOULDER, CO (BRAIN)—Bikes Belong is delighted to award funding to five great projects for their Winter 2011 grant cycle. These grants support a wide range of bicycle projects with the common goal of putting more people on bicycles more often.
WESTPORT, CT (BRAIN)—Joe Massoud, the CEO of Compass Diversified Holdings—parent company of Fox Racing Shox—is taking a leave of absence to focus his attention on an informal regulatory inquiry that Massoud received on matters unrelated to the company.