Industry News

FORT COLLINS, Colo. (BRAIN) — Connex has reduced the U.S. wholesale and suggested retail prices of its chains by about 10 percent due to the continued weakness of the euro against the U.S. dollar, the company announced this weel. The company also announced a new minimum advertised price policy in the U.S.

Tagged MAP

OLNEY, Ill. (BRAIN) — SKS USA will now act as the exclusive North American brand manager and distributor of SQlab saddles.

Tagged Distributor news
Company doesn't mention cycling products in quarterly presentations.

SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin stocks hit a 52-week high on Wednesday after earnings and revenue far exceeded analyst expectations for the first half. The company also raised its guidance for the second half.

Tagged Earnings/Financial Reports
Company exceeds Wall Street expectations, points to improved sell-thru rates and continued marketshare dominance.

SAN MATEO, Calif. (BRAIN) — GoPro announced a second quarter sales decline of 47 percent this week, along with a loss of nearly $92 million, after reporting a profit last year in the same period.

Tagged Earnings/Financial Reports

HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.

Tagged Earnings/Financial Reports
The Suomy Gun Wind road helmet, in Lampre team colors.

SANTEE, Calif. (BRAIN) — Ciclista America, the U.S. distributor for Sidi shoes, is introducing the Italian bike helmet line, Suomy, to the U.S. market this fall.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Following last year's "Breaking Away" reunion at the Interbike Awards Gala, this year's Interbike awards ceremony will include an appearance by at least four of the top-billed cast members of the 1985 cycling film "American Flyers."

Tagged Interbike / Interbike Awards

EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.

OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.

Tagged Earnings/Financial Reports

DURANGO, Colo. (BRAIN) — Greg Herbold is retiring from work with SRAM and RockShox after 25 years with the brands as a racer, product developer and ambassador.

LAKE SUCCESS, N.Y. (BRAIN) — Polar has appointed Stan Brajer as its senior VP of U.S. sales and marketing. Brajer brings more than 20 years of experience in sports, fitness and retail to Polar. Previously, Brajer he was VP of U.S. sports sales for Timex.

LEXINGTON, S.C. (BRAIN) — Hawley is now distributing bike and ski bags from the German brand EVOC.

The announcement comes less than 12 months after Lambert, Hawleys' sister company, relaunched EVOC in Canada. EVOC products will be available for ordering from Hawley in October.

MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.

SQUAMISH, British Columbia (BRAIN) — Mountain bike website PinkBike.com is holding its third annual video contest with GoPro. 

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has launched of a series of educational seminars designed specifically for suppliers and their staffs.

Tagged Interbike

SALT LAKE CITY (BRAIN) — The North American Handmade Bicycle Show has opened registration for new exhibitors. The thirteenth edition of NAHBS will be held next year in Salt Lake City, March 10-12. Applications for new exhibitors are now being accepted.

Tagged North American Handmade Bicycle Show

TRUCKEE, Calif. (BRAIN) — Over the next five days some 300 dealers, many of them authorized Salsa dealers, will get a peek at what Quality Bicycle Products has to offer for 2017.

Nick Hage

WILTON, Conn. (BRAIN) — Cycling Sports Group has promoted Nick Hage to general manager IBD U.S. and appointed Steve Reeds senior vice president operations.

Tagged People
E-bike sales drive growth in Europe.

HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.

Tagged Earnings/Financial Reports

SCOTTSDALE, Ariz. (BRAIN) — The Glukos Company Inc. has expanded its roster of action sports athletes by signing BMX and mountain bike icon Mike King.

Tagged Racing & Sponsorship

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