Industry News
OLATHE, KS (BRAIN)—Garmin reported total revenue through September was flat compared to the same period a year ago, but revenue across its outdoor and fitness segments was up. Revenue for the third-quarter was down 4 percent to $667 million from $692 million in the third quarter of 2010.
PORTLAND, OR (BRAIN)—Planet X USA is now the exclusive distributor of Guerciotti Italian bicycles in North America.
The brand was previously distributed by Ochsner International in the U.S. and Velocissimo Cycle and North American Bici Wholesale in Canada.
PHILADELPHIA, PA (BRAIN)—Saturday’s layer of ice coating on roads, sidewalks and trees gave Philly Bike Expo coordinator Bina Bilenky pause. Yet 2,200 attendees braved the weather to attend the expo and numerous seminars Oct. 29-30.
SEATTLE, WA; HAILFINGEN, Germany (BRAIN)—LeMond Fitness has appointed Raymond Calvert to the role of vice president and chief financial officer.
WASHINGTON, DC (BRAIN)—A proposal to re-allocate money from the federal Transportation Enhancements program to fund bridge repairs was defeated in the Senate with a vote of 60-38 yesterday.
MIAMI, FL (BRAIN)—Neil Pryde Bikes is changing its distribution model in North America.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle management board issued its opinion Tuesday supporting Pon Holding’s takeover offer, a key step before the transaction closes.
WASHINGTON, DC (BRAIN)—Suppliers brought in 3.8 million fewer bikes through August compared to the same period last year. That’s a 28 percent drop for the first eight months of 2011, according to the latest figures from the Commerce Department.
LITTLE ROCK, AR (BRAIN)—On the heels of its 10th anniversary, Orbea USA will begin selling its bikes online for the first time through three new e-commerce platforms slated to launch over the next three months.
LARAMIE, WY (BRAIN)—Charles Pelkey has covered pro tour racing for 17 years, but his enthusiasm hasn’t dampened. He still loves getting up at 4 a.m. to prepare his race narratives.
TEMECULA, CA (BRAIN)—Rich Palmer has left Intense where he worked as director of global sales. Prior to his role at Intense, Palmer, a longtime industry veteran, had been the general manager and chief operating officer at Mavic. He had been with Mavic for 10 years.
LAGUNA HILLS, CA (BRAIN)—Longtime web editor Jason Norman has left Bicycle Retailer and Industry News. His last day with the magazine was Oct. 28.
OSAKA, Japan (BRAIN)—Shimano’s net sales climbed 3.7 percent to $2.1 billion (161.6 billion yen) while its operating income dropped 11 percent during the first nine months of 2011.
LOUISVILLE, CO (BRAIN)—Wheels Manufacturing of Louisville, Colorado, the world's largest manufacturer of machined derailleur hangers, hosted an open house at its facility on Friday.
BOULDER, CO (BRAIN)—Product Architects, Inc., maker of the Polar Bottle, has announced a new promotion where customers can order insulated sport water bottles customized with photos of their pets.
WASHINGTON, D.C. (BRAIN)—Fresh off a victory against a U.S. lawmaker’s attempt to remove federal funding for bicycle infrastructure projects from the federal Transportation Enhancements program, the industry is mobilizing anew against an amendment proposed by Sen.
BLOOMINGTON, MN (BRAIN)—Q-Outdoor, the outdoor and snow sports distribution division of QBP, has broadened its Nordic products distribution with new vendors and expanded product offerings from existing vendors.
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SPEEDWAY, IN (BRAIN)—After four years in Speedway, Indiana, NAHBS HQ is uprooting and moving to Louisville, Kentucky, the venue for the 2013 UCI Cyclo-Cross World Championships, and also home to many enthusiastic handmade bicycle fans.
WESTPORT, CT (BRAIN)—Compass Diversified Holdings, which owns Fox Racing Shox and CamelBak, has secured $515 million in new debt financing to expand its existing businesses and finance acquisitions.
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