Industry News

TAICHUNG, Taiwan (BRAIN)—Ideal Bike Corporation appointed Michael Chen as its vice president of sales and marketing for North America.

Tagged People

BLOOMINGTON, MN (BRAIN)—Retailers in the Western region will benefit from faster shipping times from Quality Bicycle Products as early as next spring, when the distributor plans to have a Utah warehouse up and running.

Tagged Distributor news

TUSCON, AZ (BRAIN)—Todson is in discussions with Genuine Innovations to find a resolution involving a patent infringement lawsuit between the two companies, according to Todson president Neal Todrys.

MILAN, Italy (BRAIN)—Oakley’s parent company reported its best sales period of the year in the third quarter as European markets showed signs of recovery and the troubled North American market began to stabilize.

Tagged Earnings/Financial Reports

CHICAGO, IL (BRAIN)—SRAM’S Stan Day said that the global recession has taken a bite out of the company’s business, reflecting a similar fall off in sales as its competitor Shimano.

Tagged Earnings/Financial Reports

BY NICOLE FORMOSA

ARLINGTON, VA (BRAIN)—The acquisition of P&K Ventures by newly formed Freshbikes Franchising, LLC signifies the end of a messy divorce between Conte’s Bicycle and Fitness and P&K, franchisor of Conte’s for the past seven years.

BY NICOLE FORMOSA

BETHEL, CT (BRAIN)—As president of Cycling Sports Group North America, Jeff McGuane is steering what seems to be a constantly evolving ship.

LAS VEGAS, NV (BRAIN)—Chris King marketing manager Chris DiStefano barely had settled into his Outdoor Demo booth when he got wind that Cielo’s new 29er with SRAM XX found its way to the online masses.

WASHINGTON, D.C. (BRAIN)—The International Cycling Law Association (ICLA) is launching a free bi-monthly legal webinar series addressing a variety of legal issues of importance to the global cycling industry.

Tagged Events

RAMONA, CA (BRAIN)—Ellsworth Handcrafted Bikes has partnered with the Velo Bella women’s cyclocross team for the 2009-2010 season. Ellsworth has provided the team’s elite racers with its redesigned “Roots” cyclocross bikes.

TORONTO, Ontario (BRAIN)—Lorpen has promoted Bruce Barrows to North American sales manager. Barrows will now be responsible for Lorpen's sales across the U.S. and Canada.

Tagged People

ZWOLLE, Netherlands (BRAIN)—Henk Schipper has left Ritchey/Syncros in the UK to focus on Fast Forward Wheels.

Tagged People

SAN JUAN CAPISTRANO, CA (BRAIN)—Outdoor Retailer has opened online retailer, buyer and designer registration for its Outdoor Retailer Winter Market Expo and All Mountain Demo, scheduled to run January 20-24, 2010.

Tagged Tradeshows and conferences

LEVIS, Quebec (BRAIN)—Lambert has terminated its distribution agreement with Race Face.

Tagged Distributor news

OSAKA, Japan (BRAIN)—A slow bike market took its toll on Shimano as the company saw its sales tumble to $1.47 billion (134.44 billion Yen) through September, from $1.87 billion (170.6 billion Yen) last year. The company’s income fell to $149.98 million (13.68 billion Yen) from $307.38 million (28.03 billion Yen).

Tagged Earnings/Financial Reports

HELSINKI, Finland (BRAIN)—Mavic's net sales declined by 14 percent for the first nine months of the year, according to earnings report released Thursday by Mavic’s parent company, Amer Sports.

Tagged Earnings/Financial Reports

VISTA, CA (BRAIN)—Skip Hess is the new co-CEO of Electra Bicycle Company.

Tagged People

BOULDER, CO (BRAIN)—Gruppo Bici N.A.'s exclusive distribution agreement with BiciSupport S.r.l. has been terminated. Albabici LLC of Oxnard, California has been awarded the distribution of BiciSupport products by BiciSupport S.r.l.

OSAKA, Japan (BRAIN)—Shimano Inc. is slashing its full year profit forecast as U.S. and European consumers cut back purchases on mid- to high-end bicycles and fishing gear, according to Bloomberg News.

Tagged Earnings/Financial Reports

COTTAGE GROVE, WI (BRAIN)—Livestrong fitness equipment is now showing up at Dick’s Sporting Goods locations throughout the U.S.

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