Industry News

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.

Fox introduced the Step Cast 34 fork at Sea Otter.

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.

Tagged Earnings/Financial Reports
The new Garmin Edge 520 Plus.

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.

Tagged Earnings/Financial Reports

SAUSALITO, Calif. (BRAIN) — Bay Area public relations and sports marketing agency OutsidePR has hired Logan Waddell as a senior account manager.

Tagged People

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.

Tagged Distributor news
Trek participated in Ford's display at the 2018 CES show.

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.  

Tagged Autonomous vehicles

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. 

CEO says canceled orders over firearms controversy had little effect on the company and that its plan was in development long before the dispute.

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.

Tagged Earnings/Financial Reports

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.

Tagged Advocacy/Non-profits / Tradeshows and conferences

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. 

Tagged People / Racing & Sponsorship
Company also adds consumer-direct sales of ProTaper bars, stems and pedals.

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.

Tagged Mergers & Acquisitions
Raffle tickets still available for custom frameset.

BURKE, Vt. (BRAIN) — The Rasputitsa Spring Classic, a muddy, snowy gravel event in Vermont's Northeast Kingdom, held April 21, raised $18,000 for the Little Bellas, a nonprofit that aims to help young women realize their potential through mountain biking.

OKLAHOMA CITY, Okla. (BRAIN) — The North American Bikeshare Association is claiming another victory as an Oklahoma bill that would have pre-empted local control of dockless bikeshare did not make it to the House floor last week.

Tagged Bikeshare

SUN VALLEY, Idaho (BRAIN) — Club Ride Apparel has added a new independent sales organization in New England: GPM Sports Group. GPM is headed up by Andrew Ewas and Matthew Shoemaker.

Tagged People / Sales Reps

PHOENIX (BRAIN) — Arizona's governor has vetoed a state measure containing three-class e-bike legislation favored by the industry. In an unusual gubernatorial protest related to a proposed teacher pay raise that Gov.

Tagged Electric bike

DENVER (BRAIN) — Colorado could become the third state with a law that allows bicyclists to treat some stop signs like yield signs and red lights like stop signs. Last Wednesday the state Senate passed SB 144, which is now waiting for Gov. John Hickenlooper's signature.

MALLABIA, Spain (BRAIN) — Orbea, an employee-owned co-op organization, announced this week that its first quarter sales were up 26 percent, to 28 million euros ($34.1 million). 

Tagged Earnings/Financial Reports
Mavic introduced an expanded Allroad wheel and apparel line this spring.

HELSINKI (BRAIN) — Sales in Amer Sports' cycling division, comprising the Mavic and Enve brands, were down 12 percent in local currencies in the first quarter, to 32.1 million euros ($38.9 million). The company said its cycling sales were "adversely impacted by lower OEM orders."

Tagged Earnings/Financial Reports

CORTEZ, Colo. (BRAIN) — Osprey Packs has hired industry veteran Jack Gresmer as bike sales manager.

Tagged People

Pages

Subscribe to RSS - Industry News