Industry News

WASHINGTON, D.C. (BRAIN)—Imports dropped by more than 3.61 million units in 2009 as bike sales fell during the recession. Overall, importers brought in 14.84 million units last year, a drop of 20 percent from 2008 and the lowest number of bikes imported in a decade.

Tagged Earnings/Financial Reports

WATSONVILLE, CA (BRAIN)—Fox Racing Shox has made an exclusive arrangement with the Miyaki Company of Japan to use its Kashima Coat for mountain bike suspension components. Kashima Coat will make its consumer debut in Fox Racing Shox’s 2011 model year aftermarket fork line.

MANCHESTER, NH (BRAIN)—The Bike Cooperative has entered into a partnership agreement with helmet and body armor manufacturer Kali Protectives, giving the cooperative a total of 19 supporting vendors to date.

LOS ANGELES, CA (BRAIN)—A French judge has issued a national arrest warrant for U.S. cyclist Floyd Landis. It's in connection with a case of data hacking at a doping laboratory.

LOS ANGELES, CA (BRAIN)—Overall crime might be dropping in Los Angeles, but bicycle thefts aren't—rising 29 percent last year.

That has some cyclists taking justice into their own hands.

Click on link for full LA Times story.

Tagged Media/Publishing

LOS ANGELES, CA (BRAIN)—U.S. electric-bike sales are expected to double to 300,000 per year from 2009 to 2010. Still, only 500,000 electric bikes have sold in the U.S. to date, a fraction of the 120 million sold in China, according to Electric Bikes Worldwide Reports.

Tagged Media/Publishing

TAIPEI, Taiwan (BRAIN)—Taiwan manufacturers enjoyed a solid start to 2010 with most seeing double digit increases in January revenue.

Giant, the island’s largest bike manufacturer, was up 11.55 percent in January—from $42.7 million in 2009 to $47.6 million for the same month in 2010.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN)—Shimano’s sales fell to $2.07 billion (186.7 billion Yen) in 2009, down 21 percent from sales of $2.61 billion (235.14 billion Yen) in 2008 and down from its 2007 sales of $2.35 billion (211.77 billion Yen).

Tagged Earnings/Financial Reports

SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike and the Health and Fitness Business Expo (HFB) will converge in Las Vegas in September. Nielsen Business Media, parent company of both trade shows, has decided to co-locate the shows this year.

Tagged Tradeshows and conferences

LEXINGTON, SC (BRAIN)—The Hawley Company unveiled its new Web site this week. The site has been in development for over a year and contains many new features designed to make life easier for dealers.

Tagged Web/Internet / Distributor news

IRVINE, CA (BRAIN)—Felt Bicycles has partnered with Garmin on an exclusive new promotion being offered to Felt retailers.

BETHEL, CT (BRAIN)—Dorel Recreational/Leisure (R/L), a division of Dorel Industries, has appointed Andrew Coccari its new global chief marketing officer.

Coccari joins the organization from Honeywell where he was global head of marketing.

Tagged People

"Summers come and gone
And the winter needs a song
And I guess I keep movin' along with the ride that I have in my head
Ride that I have in my head"

—Blind Melon

SAN RAFAEL, CA (BRAIN)—Trips for Kids' (TFK) "Brews, Bikes and Bucks" raffle event will take place Sunday, February 21, at the Broken Drum Brewery in San Rafael, California, from 2 p.m. to 6 p.m.

Tagged Events

BERKELEY, CA (BRAIN)—SRAM has signed a three-year sponsorship agreement to be an establishing partner with the National Interscholastic Cycling Association (NICA).

Tagged Advocacy/Non-profits

EVANSTON, IL (BRAIN)—Lake Cycling will be moving its design, manufacturing and logistics, marketing, administrative and international sales office to a new building as of Monday, February 15. The new address is one block away at:

1515 Sherman Ave
2 SW Suite
Evanston, IL, 60201

BOISE, ID (BRAIN)—After a transition period over the past three months, Kate Nelson has taken the lead of Io DuPont’s Power Cordz as company founder Tony DuPont focuses on research and development.

MORGAN HILL, CA (BRAIN)—Starting with the 2011 model year, Specialized Bicycles will assume direct distribution to Australian and New Zealand markets in order to foster even stronger support for the regions’ independent dealers.

"We conclude that a cylindrical object that cannot be worn in or on the hand does not qualify as 'metal knuckles' under the law."

BOULDER, CO (BRAIN)—Veltec Sports began its exclusive distribution of Lake cycling shoes on February 1.

Lake is the newest brand in the Veltec Sports premium brand cycling portfolio. Lake joins Descente, Shebeest, Vredestein, Prologo and Enervit.

Tagged Distributor news

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