Industry News

NEW YORK CITY (BRAIN) — Brompton Bicycle has announced immediate retail price reductions for its folding bikes and related accessories, citing efficiency improvements at the brand's new factory and the strength of the U.S. dollar.

MADISON, Wis. (BRAIN) — Team USA gold medal triathlete Gwen Jorgensen will speak at Friday night's 13th annual Saris Gala to benefit the Wisconsin Bicycle Federation here.

SILVERADO, Calif. (BRAIN) — The Enthusiast Group, which puts on the well-known Over the Hump mid-week mountain bike race series in Southern California, has added a three-day celebration of bikes, music, food and family fun to its event lineup. 

Tagged Consumer Expos and Rides

BOULDER, Colo. (BRAIN) — Next week's IMBA World Summit in Bentonville, Arkansas, is the first of the organization's biennial events to sell out and is expected to have the highest attendence in history.

Assos' mobile showroom will attend the camp.

HEALDSBURG, Calif. (BRAIN) — Assos of Switzerland is sponsoring a free 10-day cycling camp, Nov. 11-20, in Caifornia's Sonoma Valley. The event, produced by the Duvine Cycling + Adventure Co., includes daily rides, pre- and post-ride refreshements, product presentations and clinics.

Tagged Consumer Expos and Rides

SAN MATEO, Calif. (BRAIN) — GoPro Inc. on Thursday reported a worse-than-expected loss for its third quarter and forecast fourth-quarter revenue below market expectations as production issues hampered availability of the newly launched Karma drone and Hero5 Black premium action camera heading into the important holiday sales period.

Tagged Earnings/Financial Reports
IBDs are holding off on big preseason buys, company says. In weak market, division focuses on improving its margins, internal operations.

MONTREAL (BRAIN) — Dorel's bike division reported a drop in third-quarter revenue of $15.8 million, or 5.9 percent, and a year-to-date revenue decrease of $42.8 million, or 5.7 percent. Revenue for the quarter totaled $250.7 million, while year-to-date revenue was $703.7 million.

Tagged Earnings/Financial Reports

BLOOMINGTON, Minn. (BRAIN) — Forests around the world breathed a sigh of relief on hearing that QBP will no longer produce a print catalog for its dealers.

PHILADELPHIA (BRAIN) — Organizers of this weekend's Philly Bike Show say a transit workers strike, which began Nov. 1, should have little effect on this weekend's show. 

Tagged Consumer Expos and Rides

MESQUITE, Texas (BRAIN) — Sports drink maker The Pickle Juice Company has added distribution in Central and South America and Australasia, including Australia, New Zealand, New Guinea and neighboring islands.

PORTLAND, Ore. (BRAIN) — Portland Design Works is introducing an Authorized Dealer Program aimed at limiting minimum advertised price (MAP) violations on online third-party platforms and at reinforcing the accessories brand's dealer relationships.

Entry-level Rhythm product line 'on track,' company says.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said its sales increased 2.7 percent to $109 million in the third quarter, compared with $106.2 million in the same period last fiscal year.

Tagged Earnings/Financial Reports

SANDY, Utah (BRAIN) — Reynolds Cycling said it has recently completed a phase of hires and restructuring of current staff.

PORTLAND, Ore. (BRAIN) — Keen Footwear has hired industry veteran Casey Sheahan as its next president. Sheahan succeeds outgoing president Steve Meineke, who will retire in mid-November and remain a Keen Advisory Council member.

Tagged People

BLOOMINGTON, Minn. (BRAIN) — QBP has acquired global aftermarket distribution rights for Promax from California-based The Cycle Group. QBP will be responsible for global aftermarket distribution, sales and marketing and will assist with product development of Promax products.

Tagged Distributor news

ACTON, Mass. (BRAIN) — The New England Mountain Bike Association has published an online article to provide consumers and bicycle dealers guidance about where to ride electric-assist mountain bikes on natural surface trails in New England.

Tagged Electric bike

GRAND JUNCTION, Colo. (BRAIN) — Kreitler Rollers has announced it will stop selling product through distributors and will focus on dealer-direct sales. The roller manufacturer, which is owned by Mountain Racing Products, said it will concentrate on supporting key dealers.

IRVINE, Calif. (BRAIN) — RedMonkey Sports products are now available through BikeFettish's distribution channels. The company said the new agreement will help propel RedMonkey into new international markets as well as expand its domestic base.

BURNABY, British Columbia (BRAIN) — Campervan Brands will begin distribution of Supacaz products effective immediately.

MALMO, Sweden (BRAIN) — The company pointed to three factors for the sales decline in the American region.

Tagged Earnings/Financial Reports

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