Industry News
MONTRÉAL (BRAIN) — Dorel Industries, which operates three divisions including home, juvenile and sports businesses, reported that Toys R Us' liquidation impacted all three, resulting in a first-quarter impairment loss of $12.5 million total — about $2.1 million in home, $3.8 million in juvenile and $6.6 million in its sports segment, which includes its bike brands.
VAIL, Colo. (BRAIN) — Organizers of the Outlier Offroad Festival have announced additions for the event, which is scheduled for Sept. 28-30 this year.
SAN MATEO, Calif. (BRAIN) — GoPro on Thursday posted a narrower-than-expected first-quarter loss on strong sell-through of its Hero5 Black and Hero6 Black action cameras.
INDIANAPOLIS (BRAIN) — PeopleForBikes recognized and awarded several cities at the second annual PlacesForBikes conference, which wraps up today in this Midwestern city.
STEAMBOAT SPRINGS, Colo. and SANTA CRUZ, Calif. (BRAIN) — If you are looking for a chance to win a pricey new bike and support bike advocacy, there are at least two new raffle options this month.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions Events on Thursday reported 4.8 percent revenue growth for the first quarter. Revenue reached $142.2 million, compared with $135.7 million for the same quarter last year.
TEL AVIV, Israel (BRAIN) — The city of Tel Aviv has unveiled Israel's newest velodrome, said to be the most advanced indoor bike racing arena in the Middle East. The velodrome's unveiling was Tuesday, a few days before the start of the Giro d'Italia in Israel on Saturday.
MINNEAPOLIS (BRAIN) — A U.S. District Court judge has dismissed a case that Greg LeMond filed against a father and son who LeMond said were cybersquatting web domains related to LeMond's name and his business trademarks.
NEWBURY PARK, Calif. (BRAIN) — Giant is holding several virtual rides to honor founder King Liu May 4-6. The company has been holding an annual ride led by Liu, now 84, in Taiwan for 10 years. This year, riders from all corners of the world can join in on Zwift.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said sales in its bike product division, which includes Fox, Marzocchi, Race Face and Easton Cycling, were up 10.3 percent in the first quarter, which ended March 30. The company said original equipment orders drove the sales increase.
OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported record first-quarter revenue of $711 million, up 11 percent, on improved sales of outdoor, fitness, aviation and marine products. Those gains offset continuing declines in the company’s automotive business.
SAUSALITO, Calif. (BRAIN) — Bay Area public relations and sports marketing agency OutsidePR has hired Logan Waddell as a senior account manager.
BREMBATE, Italy (BRAIN) — 3T is now distributing its frames, bikes and wheels direct to dealers in Canada from its Toronto headquarters. The company said its previous Canadian distributor, Live to Play Sports, will continue to distribute 3T parts.
INDIANAPOLIS (BRAIN) — Some bike and e-bike heavy hitters are joining Trek and Ford in helping create safety standards related to bicycle-to-vehicle communication.
AUSTIN, Texas (BRAIN) — Members of the Profesional Bicycle Mechanics Association can now register for its 2018 / 2019 PBMA Technical Workshops. The three-day workshops are planned for Philadelphia, Peachtree City, Georgia; and Phoenix.
FARMINGTON, Utah (BRAIN) — Vista Outdoor Inc. plans to sell its Bell, Giro and Blackburn brands — and its Savage and Stevens firearms brands — and return its focus to ammunition sales.
INDIANAPOLIS (BRAIN) — The second annual PlacesForBikes Conference takes place this week here. Organized by PeopleForBikes, the conference kicks off Tuesday afternoon and runs through Thursday.
SANTA CRUZ, Calif. (BRAIN) — Brian Lopes is returning to Ibis, where he was a sponsored athlete from 2008-2013. This time, Lopes is managing a new domestic enduro team for the brand.
MEQUON, Wis. (BRAIN) — Hayes Components has spun off its ProTaper line of mountain bike components, formerly housed within the Answer brand, as its own stand-alone brand of handlebars, stems and pedals. The company has also expanded its Hayes Road Show dealer education program.
HELSINKI (BRAIN) — Amer Sports is increasing its presence in the softgoods market, which has been one of its best performing segments in recent years, with the purchase of Peak Performance.
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