Industry News

BOULDER, Colo. (BRAIN) — There are more than a few surprises contained in VeloNews' recent Audience Study, which surveyed over 5,200 of the media brand's readers and online followers in what the magazine's publisher is calling "by far the most detailed media audience survey done in the bike industry in at least 25 years."

Representatives from Huffy, Specialized, QBP, ASE and Kent ask to speak at hearings on proposed 25 percent tariffs on a wide range of Chinese bike goods.

WASHINGTON (BRAIN) — Industry members have been submitting comments to the U.S. Trade Representative opposing the Trump administration's proposed 25 percent tariff on $200 billion in Chinese products, which includes at least $1 billion in bike-related products.

Tagged Trade/tariffs
Companywide sales were down 7 percent in recent quarter; executives discuss sell-off plans and potential impact of trade war.

FARMINGTON, Utah (BRAIN) — Vista Outdoor sales were down 6.6 percent in its most recent quarter and in an earnings call Thursday company executives gave some insights on their plans to sell off its Bell, Giro and Blackburn brands.

Tagged Trade/tariffs / Earnings/Financial Reports
UPDATED

SANTA CRUZ, Calif. (BRAIN) — Ibis Cycles is now manufacturing size small Ripley LS carbon fiber mountain bike frames at its facility in Santa Cruz. The company said it has developed new carbon manufacturing techniques that reduce labor costs, making U.S. production more viable, and it hopes to bring more production back to the U.S. eventually.

GRAND JUNCTION, Colo. (BRAIN) — Squirt Lube has recently incorporated Squirt USA, Inc. and opened a facility here. The brand is now warehousing at the facility and plans to start manufacturing its lube there soon.

BOULDER, Colo. (BRAIN) — The International Mountain Bicycling Association will celebrate its "Dirty 30" anniversary, October 26-28, 2018, in Bentonville, Arkansas, during the Outerbike demo event.

Tagged Advocacy/Non-profits / Consumer Expos and Rides

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has announced plans for the second installment of its short-form retailer education series, The Forum, which will be held each day of the tradeshow in the Reno-Sparks Convention Center.

Tagged Retailer education / Interbike

WASHINGTON (BRAIN) — The U.S. Trade Representative has approved the inclusion of e-bikes and e-bike motors on the list of $16 billion worth of Chinese products that will be hit with a 25 percent tariff starting Aug. 23.

Tagged Trade/tariffs

RENO, Nev. (BRAIN) — The CyclePoint's Kit Vogel will be presenting at The Interbike Fit Symposium and the company will offer its Advanced Foot-Pedal Bike Fit class in Sparks, Nevada, on Sept. 21, the day after Interbike closes. The class will be conducted by CyclePoint owner Paul Swift. 

Tagged Retailer education / Interbike

HAMDEN, Conn. (BRAIN) — Velotooler has added a "white glove" bike delivery feature and Shopify integration, allowing bike companies and end-users to efficiently track bike assembly and delivery by Velotooler's independent mechanics and retailers.

OCEAN, N.J. (BRAIN) — Frog Bikes has hired Mike McMahon as the brand's new Southern California sales representative.

Ryan Hiscoe

WALTHAM, Mass. (BRAIN) — Miso Partners, a sales and marketing agency, has hired Ryan Hiscoe as a sales representative covering Eastern New England.

QUÉBEC (BRAIN) — On The Edge Canada (OTE), which distributes Pivot Cycles, Enve Composites and Rotor Components among other brands, is now distributing Chris King Precision Components.

Tagged Distributor news
Second quarter sales were down from last year, but up from the first quarter as net losses outperform estimates.

SAN MATEO, Calif. (BRAIN) — GoPro, Inc. announced second quarter sales of $283 million, down 5 percent from the same period last year, but up 40 percent compared to Q1. The company — which claims it holds a 97 percent share by dollar in the U.S.

Tagged Earnings/Financial Reports

MONTRÉAL (BRAIN) — Dorel Industries said Friday that its bike business rebounded in the second quarter with revenue up $15.5 million or 7.4 percent to $224.5 million.

Tagged Earnings/Financial Reports

LÉVIS, Quebec and LEXINGTON, S.C. (BRAIN) — Bike industry veterans Elysa Walk and Andrew Herrick, and power sport executive James Paladino, have joined the board of directors at HLC, the distributor known as Hawley-Lambert until recently.

PAAL-BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory, the parent of Ridley, Eddy Merckx Cycles and the Forza component brand, is distributing those lines direct to consumers in the UK and Ireland, effective Aug. 1. 

Previously the brands were distributed by Sportline. 

LOS ANGELES (BRAIN) — Bulls has made a three-year sponsorship agreement with the owners of the Sea Otter Classic. Bulls will be the official e-bike sponsor of the event through 2021. Sea Otter's e-MTB race will be named the "Bulls eMTB Race ePowered by Bosch."

Tagged Electric bike / Racing & Sponsorship

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory, which offers Fox suspension, Marzocchi, Easton cycling and Race Face products in the cycling market, saw a 15.1 percent increase in sales of bike products in the second quarter.

Tagged Earnings/Financial Reports

OLATHE, Kan. (BRAIN) — Garmin saw a 24 percent increase in sales in its fitness division (which includes its bike products) in the second quarter this year, and has seen a 23 percent increase year to date.

Tagged Earnings/Financial Reports

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