OSAKA, Japan (BRAIN)—Shimano’s sales hit $2.6 billion last year (213.6 billion Yen), with the bicycle division contributing $2.1 billion (169.4 billion Yen) in sales, or 79 percent of total sales. Shimano’s net income doubled to $232.3 million (19.1 billion Yen).
MONTGOMERYVILLE, PA (BRAIN)—The Bicycle Products Suppliers Association has hired Ray Keener as its part-time executive marketing director.
LONG BEACH, CA (BRAIN)—Park Tool is wrapping up its annual mechanics training program today in Long Beach, California, a new city added to its Tech Summit series this year.
LAGUNA HILLS, CA (BRAIN)—Australian dealers and wholesalers are fighting back against what they believe to be unfair pricing from Internet retailers, particularly Chain Reaction Cycles, Wiggle and PBK (Pro Bike Kit.)
NEWBURY PARK, CA (BRAIN)—Industry veteran Jeff Schneider has joined Giant Bicycle as global gear marketing manager.
BLOOMINGTON, MN (BRAIN)—Quality Bicycle Products will no longer offer walk-in registration for its annual Frostbike gathering due to an at-capacity crowd expected in Bloomington later this month.
SAN FRANCISCO, CA (BRAIN)—In wrapping up the holiday season, the world’s leading athletic identification provider announced that its Holiday Giveaway generated $41,000 to complete a year-long and wide-ranging philanthropic initiative from three promotions that resulted in $110,000 in cash donations to its charitable
SEATTLE, WA (BRAIN)—Nuun has hired Casey Otley as its chief financial officer.
COLUMBUS, OH (BRAIN)—A new study conducted by researchers at the Center for Injury Research and Policy of The Research Institute at Nationwide Children’s Hospital found the number of mountain bike-related injuries decreased 56 percent over the 14-year study period (1994 to 2007), going from a high of more than 23,00
BLOOMINGTON, MN (BRAIN)—Quality Bicycle Products recently honored the top commuters among its Q-central warehouse staff of 480 for seeking means of getting to work beyond the single occupancy vehicle commute.
SALT LAKE CITY, UT (BRAIN)—SOAR Communications has hired Alex Strickland as an account executive.
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.
LAGUNA HILLS, CA (BRAIN)—The letter from a group of Spanish dealers heard around the industry earlier this week has literally set off a chain reaction of online discussion between consumers, retailers and some suppliers.
VISTA, CA (BRAIN)—Haro Bicycles has appointed Phil Tinstman to the position of Masi brand manager.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle raised €98.6 million ($133.9 million) in its market debut today on the Frankfurt Stock Exchange, the company said in a press release.
The listed price was €13.15 per share for 7.5 million shares listed.
HELSINKI, Finland (BRAIN)—Sales of Mavic rims, wheels, apparel and footwear rose 5 percent last year, totaling € 106.4 million ($142. 4 million), according to year-end financial results released Thursday by Amer Sports, Mavic’s parent company.
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.
NORTH VANCOUVER, British Columbia (BRAIN)—Ryders Eyewear's founder Brent Martin will return as brand ambassador and Canadian sales manager.
LAGUNA NIGUEL, CA (BRAIN)—As registration opens for retailers, DealerCamp has many new brands that are exhibiting at the July event, headlined by the addition of Felt Bicycles and Camelbak.