Industry News

RANCHO SANTA MARGARITA, Calif. (BRAIN) — Jake Duehring will head up Felt Bicycles' sports marketing activities following the departure of founder Jim Felt last week from the company. Duehring has more than 10 years of experience at Felt in marketing, product development and, most recently, international sales.

Tagged People

SOUTH MIAMI, Fla. (BRAIN) — Ofo, a dockless bike share operator, has begun operations in South Miami today.

The mayor of South Miami, Phillip Stoddard, and other elected officials celebrated the start of the program at an event held Tuesday morning at City Hall.

SEATTLE (BRAIN) — Rad Power Bikes is now selling into 28 European countries including Germany, France, the Netherlands and the United Kingdom, following a two-year debut in the United States.

Tagged Electric bike

PHILADELPHIA (BRAIN) — No. 22 Bicycle Company, a Toronto-based handmade titanium frame builder with a factory in upstate New York, announced its first line of stock bikes at the Philly Bike Expo over the weekend.

About 150 registered industry members attended the pre-show trade hours.

PHILADELPHIA (BRAIN) — The Philly Bike Expo attracted a record number of exhibitors and attendees, organizers said, and the show's first attempt at trade-only hours attracted about 150 registered industry members, including retailers and suppliers.

BOULDER, Colo. (BRAIN) — Backcountry Lifeline and The 139 Fund are teaming up to raffle a Specialized Levo Comp 6Fattie, as well as other prizes, to benefit The 139 Fund, which helps support BCLL's ongoing efforts in mountain bike safety. 

TOKYO (BRAIN) — Tern partnered with Bosch eBike Systems to enter the Japan market with a new folding e-bike the brands showcased at the Tokyo Motor Show in the Bosch booth. The show, which closed Sunday, marked Tern's entry into the Japan e-bike market; Japan is Bosch's first e-bike market in Asia.

Tagged Electric bike

SANTA MONICA, Calif. (BRAIN) — The three Tour de Pink charity rides held this year raised a total of $1.3 million for Young Survival Coalition, a non-profit dedicated to the critical issues unique to young women diagnosed with breast cancer.

Tagged Advocacy/Non-profits

SALEM, Mass. (BRAIN) — Vittoria Industries North America has promoted Jason Croom to national sales manager.

Tagged People

IRVINE, Calif. (BRAIN) — Felt Bicycles founder and long-time head of sports marketing Jim Felt will be departing the company he founded in partnership with Bill Duehring, the company announced Friday.

Tagged People
VF owns Vans, The North Face and Smart Wool

GREENSBORO, N.C. (BRAIN) — VF Corporation has signed a purchase agreement with New Zealand-based wool clothing company Icebreaker Holdings, Ltd.

VF already owns The North Face, Vans, Smart Wool, Timberland and Lee. 

Tagged Mergers & Acquisitions
The bike swap meet and expo is now in its 28th year.

DENVER, Colo. (BRAIN) — Organizers of this weekend's VeloSwap consumer bike swap and expo are expecting more than 8,000 attendees and 350-plus vendors, which include individuals, retailers, suppliers, teams and other groups selling used and new gear.

Tagged Consumer Expos and Rides
But officials say sales are rebounding in the fourth quarter following extreme weather and US retail challenges that disrupted business.

MONTREAL (BRAIN) — Dorel Industries reported Thursday that third-quarter revenue in the division housing its mass-market and IBD bikes businesses plunged 18 percent due to factors including hurricanes and other extreme weather in North America, the bankruptcy filing of mass customer Toys R Us in September, and overa

Tagged Earnings/Financial Reports
The Alchemy Arktos.

DENVER, Colo. (BRAIN) — High-end bike brand Alchemy Bicycles is now offering consumers a 30-day ride-test guarantee on its Ready to Roll bikes. Customers can return the bikes for a full refund of exchange in the first 30 days.

BOULDER, Colo. (BRAIN) — This month IMBA is launching a new fundraising push to fund dozens of pre-approved new mountain bike trail projects around the country. The organization has identifued 68 trail and bike park projects in 31 states that will benefit from the fundraising.

Tagged Advocacy/Non-profits

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory reported record sales of $127.4 million in the third quarter, up 16.9 percent from the same period last year. In its bicycle division, which includes sales through the Fox, Marzocchi, Race Face and Easton Cycling brands, sales were up 8.8 percent in the quarter.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro on Wednesday reported a 37 percent increase in third-quarter revenue to $329.8 million and net income of $14.7 million, compared with a loss of $104 million in the same quarter a year earlier.

Tagged Earnings/Financial Reports

LANSING, Mich. (BRAIN) – Michigan this week became the seventh state to adopt a three-tiered classification system for electric bikes.

Gov. Rick Snyder on Tuesday signed a trio of bills, backed by e-bike manufacturers and cycling advocates, that also allows e-bikes on certain trails.

Tagged Electric bike

PHILADELPHIA (BRAIN) — Representatives from the bike industry can register for free admittance to the Philly Bike Expo on the event's website until noon ET Thursday, Nov. 2. There is no registration at the event. 

Tagged Hurricane Sandy / Consumer Electronics Show / Tradeshows and conferences

OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 3 percent increase in third-quarter revenue to $743 million, but the company's fitness segment — which includes cycling products — saw sales decline 12 percent during the period to $167 million.

Tagged Earnings/Financial Reports

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