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MONTREAL, Quebec (BRAIN)—Dorel Industries executives reiterated their goal of becoming a global leader in the bicycle industry while speaking to shareholders during the company’s annual general meeting on Wednesday morning.

Martin Schwartz, president and chief...read more

OSAKA, Japan (BRAIN)—Shimano, whose overall sales fell 19 percent during the first quarter, reports that its bike business—78 percent of its total sales—fell 18 percent to $373 million (JPY 35.3 billion) from $456 million (JPY 43.3 billion) last year.

Sales ...read more

PHILADELPHIA, PA (BRAIN)—More American customers turned to European style hybrid bikes than ever before, driving Bicycle Product Supplier Association unit shipments up 2 percent, and sales up 4 percent over the first quarter.

Suppliers shipped 90,876 hybrids ...read more

PITTSBURGH, PA (BRAIN)—Dick’s sales hit $959.7 million during the first quarter compared with $912.1 million last year. However, same store sales dropped 6 percent.

The sales boost was a result the company opening nine Dick's Sporting Goods stores and one Gol...read more

VAN NUYS, CA (BRAIN)—First quarter sales were down 5.2 percent in Easton Bell Sports’ Action Sports segment as the company contended with delays of shipments of OEM cycling components to bike manufacturers and slow sales of fitness equipment in the mass channel.

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