Industry News
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.
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.
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.
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.
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.
MADISON, Wis. (BRAIN) — Saris has released a re-branding of CycleOps, PowerTap and Bike Fixation that emphasizes each brand's connection to Saris. Now each of the brands is being "endorsed" by Saris, so CycleOps has become "CycleOps by Saris," PowerTap is "PowerTap by Saris," and so on.
SAN FRANCISCO (BRAIN) — Strava has released an updated Global Heatmap, first released in 2015. The interactive data visualization is based on more than 1 billion recorded activities from Strava athletes across the globe.
PHILADELPHIA (BRAIN) — Lauren Gregg has joined Fuji Bikes as the brand's mountain bike marketing manager. She will be leading Fuji's mountain bike marketing including advertising, and sponsorship.
BERINGEN, Belgium (BRAIN) — Flanders Bike Valley, a cluster of bike companies and other entities formed to encourage the bike industry in this region, is planning to conduct benchmark aero drag testing in its bike-specific wind tunnel this winter.
CHICAGO (BRAIN) — Thursday's Bikeshare Summit here will explore the benefits of and concerns about dockless bikeshare programs in the U.S.
MISSISSAUGA, Ontario (BRAIN) — UPS Canada is testing a custom-made three-wheeled cargo bike to deliver packages in and around the York University campus, as part of a pilot program to test the potential of delivery by bike in Toronto.
HEALDSBURG, Calif. (BRAIN) — Assos will hold its Campionissimo road bike event in Sonoma County next month despite the recent wild fires in the area. The four-day event, Nov. 16-19, includes rides leaving from Healdsburg, which was spared damage from the fires.
BOULDER, Colo. (BRAIN) — Shipments from Bicycle Product Suppliers Association members to dealers over the first nine months of the year were down 5 percent from the same period last year, an 86,448-unit shortfall. Sales by dollars fell 3 percent.
CARLSBAD, Calif. (BRAIN) — Campagnolo North America has announced dates and locations of its 2017-2018 Technical Training Seminar Tour.
The seminars will cover:
SEDONA, Ariz. (BRAIN) — Well over 100 women from all corners of the country and Canada gathered in this red rock mountain biking mecca for the first-annual Roam Bike Fest.
SALT LAKE CITY, Utah (BRAIN) — Utah's Sen. Orrin Hatch said Friday that President Trump told him in a phone call that he plans to take action to shrink Bears Ears National Monument in Utah. Many cyclists and other outdoor recreationalists nationally have opinions on the monument status; but it's not clear if changes for Bears Ears would have direct impact on cycling activity or the bike business.
STOCKHOLM (BRAIN) — Thule Group announced Friday that its net sales were up 6.9 percent in its third quarter, the period from July through September. Adjusted for exchange rate fluctuations, sales rose 8.5 percent, to 1,385 million Swedish Krona ($165 million).
SANTA ROSA, Calif. (BRAIN) — Four Bay Area Trek stores are working with Trek Travel to produce a group ride on Saturday to support relief efforts following the North Bay wild fires.
COTATI, Calif. (BRAIN) — Employees at Yuba Bikes are donating one day's worth of wages to the North Bay Fire Relief Fund and the company is matching the donations.
HELSINKI, Finland (BRAIN) — Sales in Amer Sports' cycling division, which comprises Mavic and Enve, were down 10 percent through the first nine months of the company's fiscal year, and down 8 percent in the third quarter. The company said its bike-related sales were hurt by high OEM and retail inventories.
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