Industry News

STOCKHOLM (BRAIN) — MIPS' first-quarter net sales decreased 6% year-over-year, and despite what the helmet technology company said was a return to more normal bike inventory levels, its Sport sub-category still declined 9%.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices. 

EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent company Helen of Troy fourth-quarter net sales increased 1% year-over-year, while 2024 net sales declined 3.3%.

Tagged Earnings/Financial Reports

CAMBIAGO, Italy (BRAIN) — Colnago reported sales of 55.7 million euros ($59.6 million) in 2023. The privately held company's financial statements were approved at a shareholders' meeting on Tuesday.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year.

Tagged Earnings/Financial Reports
Norco Sight VLT.

MONTEREY, Calif. (BRAIN) — Norco Bicycles celebrates 60 years in 2024, and its attendance at the Sea Otter Classic last week was a chance to reacquaint the U.S.

Tagged Electric bike / Sea Otter Classic
Pat Hus, left, and Adrien De Alexandris with the new MXC.

MONTEREY, Calif. (BRAIN) — How do you sell e-MTB retailers on GASGAS and Husqvarna, two brands known more for their power bands than pedal power?

Talking face-to-face with dealers in an authentic way. And free burritos and beer doesn't hurt either.

Tagged Electric bike / Sea Otter Classic

MONTEREY, Calif. (BRAIN) — Kent Outdoors, which acquired Kona Bikes from its founders in 2022, said Friday that after a strategic review it has decided to sell the bike brand.

Tagged Sea Otter Classic
 ODI Vanquish grips.

MONTEREY, Calif. (BRAIN) — Impact protection company D3O arrived at the Sea Otter Classic ready to tighten its grip on the mountain bike market with an expansion into contact points like grips and anti-vibration footwear.

Tagged Sea Otter Classic

MONTEREY, Calif. (BRAIN) — Motorex lubricants and cleaning products are on display at the Shimano booth at the Sea Otter Classic this week as Shimano North American begins distributing the line to North American retailers. 

Tagged Sea Otter Classic
Kona sent out an email recently inviting fans to visit them at the Sea Otter.

MONTEREY, Calif. (BRAIN) — Kona Bikes employees were tight-lipped Wednesday after the brand's employees set up a display at the Sea Otter Classic expo (which opens Thursday) and then began breaking it down.

Tagged Sea Otter Classic
Company is moving Munich Composite's manufacturing equipment to South Carolina.
Photo of Munich's European factory provided by Munich.

SPARTANBURG COUNTY, S.C. (BRAIN) — Two supporters of domestic manufacturing are teaming to begin production of carbon fiber rims for the original equipment market.

Tagged Tariffs / Sea Otter Classic

(BRAIN) — Huffy announced a partnership with Earthbound — a product design, licensing, and brand growth company — that will allow the bike brand to expand into new markets and product categories domestically and internationally.

Julie Muyllaert.

BOULDER, Colo. (BRAIN) — For our April magazine edition, we asked our State of Retail panel members: What are your best practices for recruiting, hiring, and retaining qualified sales people and mechanics?

Tagged From the Magazine

WASHINGTON (BRAIN) — The House of Representatives on Tuesday passed the Expanding Public Lands Outdoor Recreation Experiences (EXPLORE) Act, legislation supported by outdoor and bike industry groups.

(BRAIN) — Police were reportedly called to Scott Sports headquarters in Switzerland on Wednesday afternoon to respond to what officials said was "a dispute between managers." 

PONCHA SPRINGS, Colo. (BRAIN) — Canfield Bikes announced Wednesday it is relocating from Fruita to a location just outside Salida that includes a larger warehouse, connected office and retail space, and eventually will offer mountain bike demos and rentals.

A building in Hualien County, Taiwan, on Wednesday. Photo released by Taiwan Presidential Office.

TAIPEI, Taiwan (BRAIN) — Industry members in Taiwan say Wednesday's 7.4 magnitude earthquake did little more than shake up residents and perhaps knock some products off the shelves.

Beat goes on.

GIVISIEZ, Switzerland (BRAIN) — Industry veteran Beat Zaugg, who has been an owner of Scott Sports since 1998, says he remains the brand's CEO, a minority shareholder and chairman of its parent company board, despite a news release Friday saying that the board had fired him.

GIVISIEZ, Switzerland (BRAIN) — Scott Sports Board of Directors replaced CEO Beat Zaugg "to refresh Scott's development to become a world-class manufacturer in bikes and other outdoor sport categories."

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