Industry News

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HEERENVEEN, the Netherlands—Accell Group said in a shareholder meeting today that first quarter turnover has increased over last year.

Tagged Earnings/Financial Reports

HELSINKI, Finland (BRAIN)—Mavic’s sales grew 8 percent in the first quarter of the year according to earnings released early Thursday by parent company Amer Sports.

For the first three months of the year, revenue was 34.4 million euros compared with 29.3 million euros for the same time period in 2010.

Tagged Earnings/Financial Reports

LAGUNA HILLS, CA (BRAIN)—Lance Armstrong joined George W. Bush on Wednesday for the final leg of the former president's 62-mile mountain bike ride with 15 U.S. soldiers who lost limbs or were seriously injured in Iraq or Afghanistan, according to the LA Times.

Click on link to read full story.

Tagged Media/Publishing

WATERLOO, WI (BRAIN)—Trek Bicycle has donated a full B-cycle bike sharing system to the city of Madison, Wisconsin, including an initial investment of $2 million to ensure the system will operate in 2011.

TEMPE, AZ (BRAIN)—BH Bikes and Pivot Cycles continue to grow with the addition of three outside sales reps, giving more coverage to their dealers throughout the country.

Tagged People

CORTEZ, CO (BRAIN)—Osprey Packs has named Erik Hamerschlag as their new product line manager. He is rejoining Osprey, where he held several leadership positions from 1994 through 2001, after nine years with Mountain Hardwear, Inc.

Tagged People

In our April 15 Product Picks section we featured Kool Kovers' Shimano SPD-SL cleat cover, which had been "totally redesigned," which I forgot to mention. It also now fits both fixed and float style cleats, which I should have more clearly pointed out.

TAIPEI, Taiwan (BRAIN)—First quarter earnings were a mixed bag for Taiwan’s top manufacturers, according to figures released on the Taiwan Stock Exchange.

Tagged Earnings/Financial Reports

SAN FRANCISCO, CA (BRAIN)—Timbuk2 has partnered with The Bike Cooperative, a member-owned organization that maximizes efficiencies and profit for independent bicycle retailers.

VANCOUVER, British Columbia (BRAIN)—The Vancouver Convention Centre is presenting a brand new consumer cycling show this fall called VeloSpoke. It will take place on September 8 and 9 at the Convention Centre.

Tagged Events

SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike opened buyer registration a month early this year and retailers are responding. Registration for the 30th edition of the industry's leading trade show is currently at more than 2,300 qualified buyers, a 160 percent increase over last year during the same time span.

Tagged Tradeshows and conferences / Interbike

WASHINGTON, D.C. (BRAIN)—Biking (Road, Mountain and BMX) came in second to Running when measured by frequency of participation among adults (25-plus), according to the 2011 Outdoor Recreation Participation Top-line Report.

OSAKA, Japan (BRAIN)—Shimano posted a 2.2 percent increase in sales in its bike division during the first quarter compared to the same period last year.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN)—A U.S. House of Representatives subcommittee is considering a bill that would revise a three-year-old law limiting the amount of lead in children’s products, potentially to the benefit of bike manufacturers.

BETHEL, CT (BRAIN)—Cycling Sports Group announced on Monday that it would hold its annual sales meeting and 2012 dealer product launch in conjunction with Lifeboat Events’ DealerCamp this summer in Utah.

Tagged Events

LOS ANGELES, CA (BRAIN)—The Los Angeles Police Department’s Bicycle Coordination Unit has said that initial testing and evaluation of IZIP Express Police bicycles have been completed with favorable results.

PORTLAND, OR (BRAIN)—Perhaps consumers have become desensitized in light of record prices at the pump only three years ago. Or perhaps the economy is doing better, giving people more confidence in their buying habits.

Check out a video of the BRAINy Awards on our front page shot by Jake Orness.

BURLINGTON, Ontario (BRAIN)—German lock brand Trelock has entered the North American market with a subsidiary near Toronto.


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