MONTREAL (BRAIN)—Specialty brands led the way to a 21.6 percent third quarter sales increase in Dorel Industries’ bike division, according to figures released by the company Thursday.
HERZOGENAURACH, Germany (BRAIN)—Adidas announced Thursday that it signed a share purchase agreement to acquire outdoor action sports brand Five Ten.
MONTREAL (BRAIN)—Dorel Industries has outsourced the custom manufacturing division of Sugoi’s apparel business in a move to increase profitability in that division, Dorel executives said Thursday during a conference call to discuss the company’s third quarter earnings.
BOULDER, CO (BRAIN)—According to Leisure Trends Group, overall merchandise sales at IBDS during September were up 5 percent in units and 9 percent in dollars compared to September 2010, totaling $263 million. That’s up $21 million compared to the same month last year.
VALENCIA, CA (BRAIN)—In a world where consumers increasingly turn to the wealth of free content online rather than pay for print newspapers and magazines, H3 Publications is experiencing just the opposite with tri-magazine.
ZUG, Switzerland (BRAIN)—Specialized is teaming with Vancouver-based women’s yoga and running apparel ace lululemon athletica to co-sponsor the former HTC-Highroad women’s team.
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.