Industry News
PILSEN, Czech Republic (BRAIN)—Former WTB Europe president Katerina Rejchrtova confirmed on Friday that she is in the process of leaving the company.
MONTEREY, CA (BRAIN)—James Oberstar, the former Minnesota Congressman who successfully worked for 30 years to dramatically increase federal support for bicycling, will be a key panelist at the 2011 Bicycle Leadership Conference.
FRYEBURG, ME (BRAIN)—Downeast Bicycle Specialists Open House has been expanded to cover two days this year, with the first day being dedicated to vendor presentations and the second day following the traditional open house format. It takes place March 5 - 6.
SAN JOSE, CA (BRAIN)—A new company, Slidepad Technologies, is launching a single-lever brake system. SOAR Communications is helping introduce the company to the industry.
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.
VAN NUYS, CA (BRAIN)—Strong sales of Easton cycling components and wheels drove a sales increase of 6.4 percent in Easton Bell Sports’ action sports segment during the final quarter of 2010, according to the company’s year-end financial results released on Thursday.
ST. PAUL, MN (BRAIN)—Park Tool Company has been chosen as Quality Bicycle Products' (QBP) Vendor of the Year for 2010. The award presentation was made during QBP’s Frostbike open house.
LOS ANGELES, CA (BRAIN)—She Pedals magazine, a quarterly women’s journal focused on female cyclists, is expanding its coverage into running and swimming and increasing its publishing frequency to six issues per year.
Among the staff at many bike shops is the shop dog who, tail wagging, greets customers at the door. To recognize these star employees, we've created the BRAIN Shop Dog of the Year Contest. Share your favorite ‘shop dog’ story and post a snapshot of your ‘shop dog’ or ‘office dog’ on our Facebook page by March 31.
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.
CARLSTADT, NJ (BRAIN)—Action Bicycle, the northeast's largest distributor, will host its 2011 Expo on Sunday, as more than 30 vendors will be in attendance this year—an increase of 20 percent over last year's event.
MONTREAL, Quebec (BRAIN)—Four new members have joined the Argon 18 team.
Dominique Fortin will act as technical sales support specialist and will manage the demo bike fleet in Quebec and Ontario. He has worked in various capacities for a number of high-end bike shops as well as a large bike manufacturer.
SAN FRANCISCO, CA (BRAIN)—Bike shops in California should be wary of asking a customer for their ZIP code when processing a credit card transaction as that may cost them up to $1,000 per transaction, plus attorney’s fees and other liabilities.
DRESDEN, Germany (BRAIN)—Taiwan wheel manufacturer Pro-Lite will begin hand building wheels in Germany to help jumpstart growth in the European market.
EMERYVILLE, CA (BRAIN)—Clif Bar & Company has promoted Pat Bush to national sales manager, sports retail. In his new role, Bush will manage eight independent sales agencies in the sports retail channel.
MADISON, WI (BRAIN)—When builders from the Midwest spoke up at last October’s Philly Bike Expo, Bina Bilenky listened.
WASHINGTON, D.C. (BRAIN)—Suppliers imported 19.77 million bikes into the United States last year, worth more than $1.43 billion, a historical record value for imports. The only year with more imports was 2000, when suppliers brought in 20.28 million bikes, but their value in unadjusted dollars was $1.12 billion.
MILTON KEYNES, UK (BRAIN)—Madison’s IceBike event, February 22-24, is in its fifth year hosting UK bike retailers in a fun, informative environment.
EUGENE, OR (BRAIN)—Rolf Prima has partnered with two new distributors for South Korea and Indonesia. Neofly has signed on for South Korea and Spectrum Bikes for Indonesia.
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