Industry News

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenues increased by 3% to $292 million in the second quarter compared to the same period last year.

Tagged Earnings/Financial Reports

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions Events, Inc., the parent company of the Outdoor Retailer trade shows and the on-hiatus Interbike show, saw revenues increase 31.4% in its second quarter, which ended June 30. Net income was up 93.2%, to $11.4 million for the quarter.

Tagged Earnings/Financial Reports / Interbike

SHANGHAI (BRAIN) — President Donald Trump on Thursday said the U.S. will impose a 10% tariff on Chinese goods worth $300 billion in annual imports. That includes bicycle products not previously subject to new Trump tariffs, including helmets, lights, apparel and shoes.

Tagged Tariffs

BEND, Ore. (BRAIN) — The Robert Axle Project, which manufacturers aftermarket thru axles, has purchased Old Man Mountain Products, which makes racks for suspension mountain bikes. The two brands will operate as separate brands, but both will be based in Bend, Oregon.

Tagged Mergers & Acquisitions

IRVINE, Calif. (BRAIN) —The National Bicycle Dealers Association extended the application period for the 2019 America's Best Bike Shops program through Aug. 31.

KNOXVILLE, Tenn. (BRAIN) — A Knoxville lawfirm is investigating a potential class-action lawsuit against companies that sell bike helmets lacking new anti-concussion technology like MIPS. 

BOULDER, Colo. (BRAIN) — Police have released photos of what they believe is the van whose driver struck industry veteran Andrew Bernstein on July 20 and then fled the scene. Bernstein, who was cycling on the shoulder of a road east of Boulder, was later discovered by a passing motorist.

Sales of bike products increased 7.3% for the first six months.

BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. reported that sales in its Specialty Sports Group — its bike-related business — were up 3.1% in the second quarter, which ended June 28. The Specialty Sports Group includes the Fox, Marzocchi, Easton cycling and RaceFace brands.

Tagged Earnings/Financial Reports
Bosch will continue to work with QBP for service in the U.S.

REUTLINGEN, Germany (BRAIN) — Bosch eBike Systems is taking a 50% stake in Magura Bike Parts, a subsidiary of Magura. The new venture, called Magura Bosch Parts & Services, will handle service and replacement parts distribution for Bosch e-bike systems in Europe. A spokesman at Bosch's U.S.

Tagged Electric bike

OLATHE, Kan. (BRAIN) —Garmin Ltd. posted record second-quarter revenue of $955 million, an increase of 7% over the prior year's quarter and raising revenue expectations for the rest of the year.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — The Senate Environment and Public Works Committee on Tuesday passed America's Transportation Infrastructure Act. Authorized at $287 billion over five years, the ATIA represents a 27 percent proposed increase in funding for the Federal Aid Highway program, which PeopleForBikes supports.

The new Bunch Preschool model carries up to six kids.

DENTON, Texas (BRAIN) — Bunch Bikes has expanded its cargo bike offerings and is now selling through bike shops in addition to its intial consumer-direct sale model.

Tagged Electric bike

CAMBRIDGE, United Kingdom (BRAIN) — Dave Henderson was ahead of his time. At age 15 in 2002, he built his first e-bike, using a motor from a car radiator fan and a lead-acid battery.

Tagged Electric bike
Company revises its forecasts down for remainder of the year.

OSAKA, Japan (BRAIN) — Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%, however.

Tagged Earnings/Financial Reports

MUNICH (BRAIN) — Backpack and travel bag brand EVOC Sports, based in Germany, has acquired the Swiss bicycle transport bag manufacturer Tranzbag.

Industry and media veteran Andrew Bernstein in critical condition following crash on Saturday.
Bernstein at the Trexlertown, Penn., velodrome this spring. Photo: Trevor Raab

BOULDER, Colo. (BRAIN) — Investigators are trying to find the driver who struck Andrew "Bernie" Bernstein on Saturday as the industry veteran was riding home from a velodrome workout.

SCOTTS VALLEY, Calif. (BRAIN) — About two months after announcing that it planned to reinvest in its bike helmet and accessory brands, Vista Outdoor has laid off 14 people at its Scotts Valley facility, which houses the Bell, Giro and Blackburn headquarters. The layoffs represent about 10% of the work force at the facility.

BOULDER, Colo. (BRAIN) — Wholesale bike sales were down 6.6% in dollars and 17.1% in units in June, compared to the same month last year, according to the latest Sell-in Report from the Bicycle Product Suppliers Association.

STOCKHOLM (BRAIN) — Helmet technology company MIPS reported a net sales increase of 61% in the first half of the year with operating profit increasing 108% from the same period last year, according to its interim report.

The Sequim Wheelers program uses the Van Raam OPair wheelchair bike.

WARWICK, R.I. (BRAIN) — Making cycling more inclusive to those with special needs is at the hub of what Van Raam bicycles represents. And with Spinov8 as the North American distributor, Van Raam's sales focus is becoming decidedly mobile.

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