Industry News

Dorel says increased IBD sales challenge the industry's negative trend.

MONTRÉAL (BRAIN) — Dorel Industries saw sales growth in the specialty bicycle market in the first fiscal quarter this year, the company reported Friday. Dorel's Cycling Sports Group offers the Cannondale and GT brands in the IBD market.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Darrell Denny is departing Emerald Expositions, where he has been an executive vice president overseeing the company's sports and e-commerce trade shows, including Outdoor Retailer and Interbike. Denny's last day at the company will be May 24.

ANOKA, Minn. (BRAIN) — Vista Outdoor, Inc. is continuing to back away from its previously announced plans to sell off its Bell and Giro businesses. 

Tagged Mergers & Acquisitions / Earnings/Financial Reports
UPDATED.

DAYTON, Ohio (BRAIN) — Bill Smith, the recently retired president and CEO of Huffy Corp., has died, the company has confirmed.

WASHINGTON (BRAIN) —If nothing changes very soon, a 25% tariff will hit most bike products imported to the US from China, starting at 12:05 a.m. Friday.

One bike importer said he’s already seeing the extra fees appear on documents for shipments arriving next week.

Tagged Tariffs

SHANGHAI, China (BRAIN) — At the China Cycle show being held here this week, the folding bike brand Dahon has announced an expanded initiative to license some of its intellectual property to other bike makers. 

Tagged Tradeshows and conferences

DURANGO, Colo. (BRAIN) — In the latest Channel Mastery podcast series devoted to change in the bike industry, host Kristin Carpenter is joined by Ashley Korenblat, the founder of Outerbike.

Tagged Consumer Expos and Rides

NILES, Ill. (BRAIN) — Frank Peter Brilando, a designer and engineer with Schwinn Bicycles for four decades and a two-time cycling Olympian, died Sunday in Niles, Illinois.

Kip Fyfe (left) and Andrew Buckrell.

COCHRANE, Alberta (BRAIN)  –  Cycling power meter and heart-rate monitor company 4iiii Innovations Inc. expanded its performance-measuring portfolio with the acquisition of STAC Performance indoor trainers.

Tagged Mergers & Acquisitions
Updated with comments from Greg LeMond and Dannie Nall.
Della Santa with an award-winning frame at the 2009 NAHBS.

RENO, Nev. (BRAIN) — Noted framebuilder Roland Della Santa, known for his custom steel frames made for racers and collectors including a young Greg LeMond, died this weekend, friends say.

Wikicommons photo by 500px.com/jasonknauer

BOULDER, Colo. (BRAIN) — President Donald Trump on Sunday said he would increase the punitive tariffs on some Chinese goods, including bikes and bike products, from 10% to 25% on Friday. Trump repeated the promise Monday morning, even as the news rattled international stock markets.

Tagged Tariffs

BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association has named Steve Matous its new president, effective May 20.

Gee, Wally!
The Viathon G.1 gravel bike. Photo: Brad Kaminski for BRAIN.

MONTEREY, Calif. — Walmart’s unveiling of a high-end bike brand at the Sea Otter Classic is the latest example of the retail giant’s aim to sell to upscale online shoppers — whether they are shopping for cosmetics, mattresses, or, in this case, bikes starting at $2,300.

SALT LAKE CITY (BRAIN) — Trust Performance, a start up suspension brand founded by a group of industry veterans, is lowering the retail price of its Message multi-link fork by $700.

Costs of patent lawsuits with SRAM total over $2 million in the quarter.
Annual bicycle and power vehicle revenue for Fox, through 2018 fiscal year.

BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle business, through the Fox suspension, Marzocchi suspension, RaceFace and Easton cycling brands, was up 12.7% in the first quarter this year, to $65 million. The company also said equipping e-bikes will be a bright spot for Fox in the next two seasons.

Tagged Earnings/Financial Reports

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue of $766 million with its fitness, outdoor and aviation divisions collectively increasing 12% from the prior year's quarter.

Its fitness sales numbers, which include cycling products, climbed 8.57% (from $166 million to $180 million).

Tagged Earnings/Financial Reports
Ben Sarrazin

SANTA FE, N.M. (BRAIN) — What began as a white-water kayak excursion to California's Kern River has — 20 years later — put Ben Sarrazin smack in the middle of the e-bike revolution.

SWANTON, Vt. (BRAIN) — Interflon, a Dutch company that sells industrial lubricants in 52 countries, is slowly making its way into the industrial market in the U.S. and along the way is exploring opportunities in the U.S. bike shop market.

Program lets retailers take wheel trade-ins toward new Zipp wheel purchases.

INDIANAPOLIS (BRAIN) — Zipp is launching a new program Wednesday that will let consumers trade in their used Zipp wheels for retail store credit they can put toward the purchase of a new set of Zipp wheels. Used gear purveyor The Pro's Closet will provide stores with a trade-in value to offer the customer.

FARMINGTON, Utah (BRAIN) — Jen Harned, who was president and general manager of the Bell and Giro brands for Vista Outdoor, has left the company. 

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