Industry News

SAN DIEGO (BRAIN) — When Gocycle, an 18-year-old British e-bike brand, first made a stab at the U.S. market, company founder and CEO Richard Thorpe found the market wasn’t ready for its upscale, folding e-bikes.

 MIPS' fourth-quarter net sales increased 41% year-over-year.

STOCKHOLM (BRAIN) — MIPS' fourth-quarter net sales increased 41% year-over-year, while the helmet technology company's 2019 sales showed a 39% growth.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — In its bicycle-related business Shimano Inc. saw a 4.6% increase in sales in 2019 compared to 2018 and a 1% increase in operating income in the year. 

The company said sales were solid in Europe and North America and even the years'-long downward trend in China has stopped. 

Tagged Earnings/Financial Reports
Thule Group sales increased 4.7% in the fourth quarter.

STOCKHOLM (BRAIN) — Thule Group sales increased 4.7% in the fourth quarter over the same time last year and 8.5% for 2019, meeting the company's expectations despite a decrease in the U.S.

TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle have postponed the trade show originally scheduled for March 4-7 to May 14-16 because of the coronavirus outbreak in China. 

Tagged Taipei Cycle Show
Major bike maker warns that 'anti-Chinese sentiment' in Vietnam could cause delays there and in Cambodia.
A welder at a Taiwanese bike factory. BRAIN photo.

TAICHUNG, Taiwan (BRAIN) — The CEO of A&J Bicycles — one of the world's largest bike makers, with factories in Taiwan, China, Vietnam, and Cambodia — is warning customers of possible shipment delays due to the novel coronavirus outbreak in China.

GoPro announced its fourth-quarter earnings.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter increased 40% year-over-year to $528 million. Revenue for 2019 increased 4% year-over-year, reaching $1.2 billion, for the period ending Dec. 31.

Excluding GoPro drone business, full year revenues increased 7% year-over-year.

Tagged Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — Multiple sources in Taiwan and the U.S. tell BRAIN that next month's Taipei Cycle show has been canceled. Exhibitors and other potential visitors have told show organizers they were reluctant to attend because of the ongoing novel coronavirus outbreak in China.

Tagged Taipei Cycle Show
Joe V. says a fourth e-bike class is needed for trail use.
 A former Trek executive said a fourth e-bike class is needed for trail use.

CARLSBAD, Calif. (BRAIN) — While suppliers and advocacy groups were laying groundwork for e-bike use on paved roads and trails, electric mountain bikes began rolling onto sales floors and trails (or not) with little industry preparation.

Tagged Electric bike / From the Magazine
Vista's Action Sports brands saw 3% sales growth.

ANOKA, Minn. (BRAIN) — Bell and Giro sales were up in Vista Outdoor's third quarter thanks to strong sales of winter sports products, the company announced Thursday.

Tagged Earnings/Financial Reports
Giant showed a model of the headquarters at the Taipei show last year.

TAICHUNG, Taiwan (BRAIN) — Because of the novel coronavirus outbreak in China, Giant Group has postponed a grand opening media event at its new headquarters building.

Tagged Taipei Cycle Show

SALT LAKE CITY (BRAIN) — Organizers of the Big Gear Show, a bike-paddlesport-outdoor hardgoods show planned for July, have announced a program that will reimburse retailers up to $450 for lodging costs at the show. 

Tagged Tradeshows and conferences

NEW YORK (BRAIN) — Connected stationary fitness bike brand Peloton Interactive reported revenue of $466.3 million in its second quarter — 77% up from the same quarter last year, but less than the 103% year-over-year growth it reported last quarter.

Tagged Earnings/Financial Reports
SNAFU product photos from court filings.

LOS ANGELES (BRAIN) — A district court judge has denied BMXer Ryan Guettler’s request for an injunction that would prevent Walmart and Hyper BMX from selling products with his likeness.

Stella Yu toasts guests at the 2019 Velo/Wellgo/Prologo dinner.

TAIPEI (BRAIN) — The welcoming dinner, hosted by the Velo saddle company, Wellgo pedal and Prologo, has been canceled. The show is surveying registered visitors to see if they still plan to attend.

Tagged Taipei Cycle Show
First new store will be in Austin.
Rad Power Bikes' Rad Rover step-thru

SEATTLE (BRAIN) — The company said it will use the funding to support new brick and mortar retail locations, and to expand its mobile service and "white glove" delivery offerings.

Taipei Cycle attracts more than 1,110 exhibitors and 8,000 visitors.

TAIPEI, Taiwan (BRAIN) — Taiwan-based exhibitors at the Taipei Cycle show — scheduled to open a month from Tuesday — are circulating a petition asking organizers to cancel it because of the new coronavirus outbreak in China. 

Tagged Taipei Cycle Show

TORRANCE, Calif. (BRAIN) — Pioneer Cycle Sports will cease production of power meters, cycling computers, and pedal monitoring as of March 31 and transfer some assets of its Cycle Sports business to Shimano.

ST. PAUL, Minn. (BRAIN) — Benita Warns. the co-owner of Midway Bicycle Supply, appears on the newest episode of the Outspoken Cyclist, a podcast hosted by former retailer Diane Jenks.

Kriske — who sold her clothing brand to Specialized — joins Kristin Carpenter's Channel Mastery podcast this week.

DURANGO, Colo. (BRAIN) — Machines for Freedom's founder, Jennifer Kriske, is Kristin Carpenter's latest guest on the Channel Mastery podcast.

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