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The recession hit consumer spending last year harder than anyone anticipated, especially car makers GM, Ford and Chrysler. But the big economic hit arrived in October, well after the bike season wound down, so the industry dodged the bullet.

CENTRAL ISLIP, NY (BRAIN)—A federal bankruptcy judge said on Thursday that he would approve a bid procedure for the auction of Iron Horse Bicycle Company on June 8, after granting the case “super priority” under the advice of a U.S. Bankruptcy Trustee.

"I am relieved that no one was hurt, but this incident reinforces the need for us to make London's roads safer for cyclists, which I am determined to do and to make London the best city for cyclists in Europe.

MINNEAPOLIS, MN (BRAIN)—Bicycle Retailer & Industry News editors will drop in on retailers in Minnapolis-St. Paul next week to find out how they are faring this season as part of the magazine’s Twin Cities Dealer Tour.

Tagged BRAIN News

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.

Tagged Earnings/Financial Reports

This past Wednesday in celebration of Bike Month, the Bicycle Coalition of Greater Philadelphia hosted the Fifth Annual Commuter Race. The race was between a bicyclist, a car driver and a transit rider. Surprise, surprise (OK, no surprise ), Fuji president Pat Cunnane won. This is the fourth year in a row he won.

BOULDER, CO (BRAIN)—Bruno Maier will join the Bikes Belong staff on June 1 as the organization's full-time membership and development director.

Tagged People

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.

Tagged Earnings/Financial Reports

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.

Tagged Earnings/Financial Reports

BLOOMINGTON, MN (BRAIN)—Last fall, Civia unveiled its Greenlight web application.

Tagged Web/Internet

VANCOUVER, British Columbia (BRAIN)—Axiom Performance Gear has launched a new Web site.

Tagged Web/Internet

BRAIN classified sales rep Stacey Smith recently visited some of her extended family in Europe. She took some pictures in Amsterdam, where people obviously take their bicycle commuting seriously. They also take something else very seriously, but we'll just leave that up to your imagination.

"And, so I say to you as you embark on your adult life, take a moment to look back and honor your parents. Because they're the ones who paid for your education. They're the ones who stood by you the whole time. And they're the ones who you'll be moving back in with in the fall."

—Bill Maher

LINCOLN, NE (BRAIN)—Tomac Bikes bolstered its U.S. sales force with the addition of industry veteran and pro mountain and road racer Rich Weis.

Tagged People

CENTRAL ISLIP, NY (BRAIN)—An attorney for Iron Horse Bicycle Company filed a motion last week initiating the process for the sale of the bankrupt bicycle business to Outdoor Cycle Group, a company owned in part by the Randall Scott, son of Iron Horse president Cliff Weidberg.

VISTA, CA (BRAIN)—Masi Bicycles has partnered with Chrome Bags to support the Chrome Velo City Tour Goldsprints, or “Chromesprints,” as they may grow to be known this summer.

Tagged Events

PHILADELPHIA, PA (BRAIN)—Advanced Sports will begin nationwide distribution of Speedfil Hydration Systems from its Philadelphia warehouse. The agreement with Inviscid Design, creator of the Speedfil Hydration System, allows ASI to distribute Speedfil bottles to retailers across the country.

Tagged Distributor news

PORTLAND, OR (BRAIN)—­­This summer USA Cycling is hosting a camp designed for riders between 14-22 years old. This is one of 10 Athlete Development Camps nationwide. The NW Camp takes place in Forest Grove at Pacific University.

Tagged Events

Remember Kona's “Name Our New Bike Contest"? Well a winner has been chosen among more than a thousand entries. The winning entry came from Dr. Heather Gilbert of Salt Lake City. The name she chose: the Kona Cadabra.

BOULDER, CO (BRAIN)—Gruppo Bici N.A. has acquired Canditalia S.r.l., a Milan, Italy-based company specializing in the design of bicycle accessories. Terms of the sale were not disclosed.

Tagged Mergers & Acquisitions


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