Industry News

SEATTLE, WA (BRAIN) March 19 2012 8:10 AM MT—REI last week reported an 8.4 percent jump in annual sales for 2011, to $1.66 billion, but operating income was down slightly, to $116.2 million from 2010’s record $116.6 million.

Tagged Earnings/Financial Reports

World Bicycle Relief delivers 100,000th bike in Africa • Pactimo partners with LeMond's 1in6 organization • Rudy Project NA and XX2i Optics form RACE parent company • 110% adds compression-plus-ice Quad Sleeves

Raleigh America launches demo program and dealer access site • Windham, New York, to host UCI World Cup again • POC sponsors Eastern States DH series

KENT, WA (BRAIN)—Raleigh America is sending out is first ever bike demo fleet and unveiling a new dealer access website.

SHANGHAI, China (BRAIN)—Chinese bike manufacturers are beginning to look at expanding into new markets in Southeast Asia in the face of rising labor costs and restrictive export duties to Europe, said Xiao Yun Huo, vice secretary general of the China Bicycle Association.

The Jersey Project enters second printing • Rolf Prima sponsors NOW Pro Women’s team • Forme Coaching to sell Pactimo in the U.K. and Ireland

OLD LYME, CT (BRAIN)—Bill Humphreys' book, The Jersey Project, will have a second printing available next month.

The following story appeared in the March 1 issue of Bicycle Retailer & Industry News

BPSA reports $50 million sales gain for 29ers in 2011

By Matt Wiebe

Tagged From the Magazine

The following story appeared in the March 1 issue of Bicycle Retailer & Industry News

With stiff duties lifted, builders revisit Vietnam, but road blocks remain

By Marc Sani

Tagged From the Magazine

Women's Prestige Series gets going at Redlands • SRAM Gold Rusch Tour back with more dates • Headsweats partners with NBC Sports for Epic Cycle Series • Jetboil stoves now available through QBP

Giordana Velodrome opens in South Carolina • BH Bikes sponsors triathlon series • Quality and J&B distribute Leg Lube

Tagged Racing & Sponsorship

BOULDER, CA (BRAIN)—Girl Bike Love’s CycloFemme, a day celebrating women in cycling, is already catching on. A week after announcing the May 13 event, Girl Bike Love has registered two rides in Australia, two in the U.K., one in Berlin, German, and several across the U.S.

Tagged Events / Advocacy/Non-profits

Tom Fowler leaves Cervélo • Norco to distribute Schwalbe tires in Canada • FRF Sports is new Ridley distributor in Australia • Selle Italia launches new website • LA's CicLAvia event launches Kickstarter campaign

BETHEL, CT (BRAIN) Mar 13, 10:18 MT—Dorel Industries' Cycling Sports Group will begin selling Cannondale and GT bikes direct in China this summer, the company announced Tuesday.

Bloomberg: EU may ease anti-dumping tariffs on Chinese bikes • Scott Strysick joins ASI • Gran Fondo planned for Banff National Park • Timbuk2 sponsors Red Hook Criterium

BRUSSELS, Belgium (BRAIN)—The European Union may ease 19-year-old anti-dumping duties on Chinese bikes, Bloomberg is reporting.

VANCOUVER, British Columbia (BRAIN) Mar 12 2012 12:42 PM MT—Norco Sync, which makes the bike supplier’s warehouse inventory available to retailers via a partnership with SmartEtailing, has gone live to Norco’s Canadian IBD network.

Tagged Distributor news

WASHINGTON, D.C. (BRAIN) Mar 12 2012 11:41 AM MT—A boosted Bianchi gave rise to D.C.’s newest bike shop.

Two new hires for Marin • Bianchi teams with Ciclismo Classico • Cyclocrossworld.com expands with RoadBikeWorld.com • Peloton and Rêve support women's Tour de France ride

WASHINGTON, D.C. (BRAIN)—Suppliers imported 27 percent more bikes in January compared to the year prior, for an increase of 267,153 units, according to the latest figures from the U.S. Commerce Department.

PHILADELPHIA, PA (BRAIN)—Jerry Casale, co-founder of the Philadelphia International Championships and beloved member of the cycling community, died Wednesday night following a battle with prostate cancer. He was 71.

WESTPORT, CT (BRAIN)—Revenue and income for CamelBak and Fox Racing Shox were up last year, according to year-end earnings reported by parent company Compass Diversified Holdings.

Tagged Earnings/Financial Reports

MONTREAL, Canada (BRAIN)—Sales in Dorel’s recreation and leisure segment climbed 11 percent to $861.8 million in 2011, accounting for 36 percent of its overall business.

Tagged Earnings/Financial Reports

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