Industry News

Bike division sales were up 32% in the quarter.

BRASELTON, Ga. (BRAIN) — Fox Factory said it was able to meet heightened consumer demand while also improving gross margin despite "an uncertain and complex manufacturing environment."

Tagged Earnings/Financial Reports

SANTA CRUZ, Calif. (BRAIN) — The U.S. office of Gazelle Bikes will be distributing Urban Arrow Family e-cargo bikes in North America in 2021. 

Tagged Distributor news / Electric bike

TAICHUNG, Taiwan (BRAIN) – Giant Group’s third-quarter revenue jumped 14.6 percent over last year’s to NT$19.47 billion ($681.4 million) thanks to a surge in worldwide demand for bicycles and e-bikes.

Tagged Earnings/Financial Reports
UPDATED: The trustee for the former owner of Performance Bike and ASI is suing 23 companies, seeking to recover $2.6 million.

DURHAM, N.C. (BRAIN) — Nearly two years after Advanced Sports Enterprises and its subsidiaries filed for bankruptcy, the case drags on.

Tagged ASE Bankruptcy
Peloton's stock price Monday. Source: NASDAQ.com.

NEW YORK (BRAIN) — Market indexes soared Monday on Pfizer's good news about a COVID-19 vaccine. However, some bike-related stocks were trading down as investors bet riding — indoors or outside — will be less popular in a post-COVID world.

Tagged Earnings/Financial Reports

MONTRÉAL (BRAIN) — Raymond Lanctôt LTD has signed a multi‐year agreement to distribute Mavic products in Canada.

MONTRÉAL (BRAIN) — Dorel Sports, the parent of Cannondale, Schwinn, Mongoose, Pacific and other brands, reports third-quarter sales of $306 million, a 22.1% increase over the same period last year. 

Tagged Earnings/Financial Reports

STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.

Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported revenue increased 114% year-over-year for the third quarter that ended Sept. 30.

Tagged Earnings/Financial Reports
Action Sports sales up 16%.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to  $162 million.

Tagged Earnings/Financial Reports

GRAND JUNCTION, Colo. (BRAIN) — From serving as home of cycling companies to being amid some of the country’s best road routes and mountain bike trails, Grand Junction is considered by many as a cycling mecca.

MONTRÉAL (BRAIN) — Cerberus Capital Management is backing a group of family shareholders to take Dorel Industries private. Dorel is the owner of Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has acquired FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners, triathletes, and cyclists across 3,000 events in 50+ countries.

Tagged Mergers & Acquisitions / Media/Publishing / BRAIN News
Trek's packaging BEFORE the change.

WATERLOO, Wis. (BRAIN) — Trek changed its bike packaging to incorporate lower-impact and recyclable materials earlier this year. On Friday the company released details of its new bike box and internal packaging and made a commitment to move to 100% recyclable and plastic-free packaging. 

Part 15 of BRAIN's Crystal Ball series.
Chris Guillemet, co-founder, Velofix

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 15 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Madison city workers make use of an e-cargo bike in the pilot.

MADISON, Wis. (BRAIN) — Saris is now working with Urban Arrow, the Dutch e-cargo bike brand, and the e-bike motor supplier Bosch to build and distribute commercial e-cargo bikes to the public sector in North America. Gazelle Bikes remains Urban Arrow's North American distributor of consumer e-cargo bikes.

Tagged Electric bike

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products said its rebranding, revealed Thursday on its website and other communications, is more than just a new logo.

Tagged Distributor news

EMPORIA, Kan. (BRAIN) — The biggest event in gravel racing has a new name.

Race organizer Life Time announced Thursday that the Dirty Kanza will be renamed Unbound Gravel, with Garmin remaining the title sponsor. 

Tagged Racing & Sponsorship

PARK CITY, Utah (BRAIN) — The Big Gear Show, a bike and outdoor trade show scheduled to debut this year, will take place Aug. 3-5, 2021, and be endorsed by the National Bicycle Dealers Association.

Tagged Coronavirus / Tradeshows and conferences

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