By Wendy Booher
MINNETONKA, MN (BRAIN)—With the latest opening of its store in Minnetonka, Erik’s Bike Shop now operates 17 stores in Minnesota and Wisconsin. The newest is just shy of 7,000 square feet and carries a wider selection of triathlon parts and accessories including deep-rim wheels, wetsuits and goggles.
LAGUNA HILLS, CA (BRAIN) — Claudio Marra (Full Speed Ahead) and Mark Schroeder (Specialized) have joined the newly created Bicycle Technical Committee of the World Federation of the Sporting Goods Industry (WFSGI).
BELFAST, Ireland (BRAIN)—Longtime etailer Chain Reaction Cycles is set to open the company's first standalone storefront later this year, according to UK's Bike Radar website.
Chain Reaction said that it will stock much of the same product as one would find on their website, according to Bike Radar.
AURICH, Germany (BRAIN)—The majority of German bike dealers expect to see at least a 5 percent growth in sales this year coming off a stable year in 2010.
TOKYO, Japan (BRAIN)—One of the largest earthquakes ever recorded rocked Japan on Friday. The magnitude-8.9 offshore quake quickly unleashed 23-foot tsunami waves, sweeping away boats, cars and homes, while hundreds of people have been reported dead or missing.
PILSEN, Czech Republic (BRAIN)—Former WTB Europe president Katerina Rejchrtova confirmed on Friday that she is in the process of leaving the company.
HEERENVEEN, The Netherlands (BRAIN)—Accell Group’s revenue rose just 1 percent in 2010 as poor weather conditions and unfavorable exchange rates hampered fourth quarter sales.
Still, the company posted an 11 percent rise in net profit due to tax benefits and lower interest charges.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle Werke reported a 30 percent increase in revenue for the first quarter of the fiscal year in its first financial report since going public on the Frankfurt Stock Exchange earlier this month.
NEW DEHLI, India (BRAIN)—Hit hard by rising input costs, bike manufacturers in Ludhiana, India, which accounts for over 90 percent of country's bicycle and bicycle parts output, have demanded setting up of a regulator to monitor steel prices, according to India's Business Standard.
DRESDEN, Germany (BRAIN)—Taiwan wheel manufacturer Pro-Lite will begin hand building wheels in Germany to help jumpstart growth in the European market.
TAICHUNG, Taiwan (BRAIN)—Taichung Bike Week will be held a week earlier this year beginning on Nov. 29 and running through Dec. 2, organizer Steve Fenton said on Tuesday.
MUTLANGEN, Germany (BRAIN)—Advanced Sports Inc. has completed the acquisition of its former German sales agent, Twin Sport, giving the company full ownership over its European subsidiary.
AIGLE, Switzerland (BRAIN)—Bike suppliers seemed pleased with a new cost structure that reduces the price of the UCI’s labeling program by more than half, though some concerns linger over the tight time frame to gain approvals.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle Werke, Germany’s largest bicycle company, is going public.
Derby, which owns the Focus, Kalkhoff, Raleigh, Univega and Rixe brands, will launch an initial public offering on the Frankfurt Stock Exchange.
By Matt Wiebe
TAICHUNG, Taiwan—U.S. and European retailers may find it hard to reorder bikes during the production season as bike builders in Taiwan work to fulfill orders from emerging bike markets such as Singapore, Indonesia and other Pacific Rim countries.
TAICHUNG, Taiwan (BRAIN)—Tony Lo, Giant’s CEO, has been selected as the new president of the Taiwan Bicycle Exporters' Association (TBEA). He replaces Ying Ming Yang, Kenda’s president, who has held the post for six years. In addition, the TBEA membership has elected 27 new directors and nine supervisors.
GENT, Belgium (BRAIN)—The European Two-Wheelers’ Association, known as ETRA, will submit a report to the European Commission in the first half of 2011 outlining a strategy for a low carbon economy by 2050, including incorporating the use of bicycles as part of a clean transport system.
TAICHUNG, Taiwan (BRAIN)—Cycling Sports Group has signed a distribution deal with Ti Cycles to sell its GT and Mongoose brands in India, the company’s latest move to penetrate emerging markets in the Asia Pacific region.