Industry News

However, company forecasts 20 to 25 percent increase for first quarter of 2014.

MONTREAL, Quebec (BRAIN) — Dorel Industries’ earnings for the fourth quarter and all of 2013 in its recreational and leisure segment — which includes Cannondale, GT, Mongoose, Schwinn and Dorel’s mass-market bike brands — will come in lower than a year earlier due to “a poorer product mix” and late order delivery at Cycling Sports Group, the company announced.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — The Outdoor Industry Association (OIA) filed an objection with the Consumer Product Safety Commission (CPSC) over its proposed rule change that states once a firm voluntarily agrees to undertake a corrective action plan, the firm is legally bound to fulfill the terms of the agreement. Currently suppliers are under no legal restraints when filing a voluntary recall.

GREENVILLE, S.C. (BRAIN) — Michelin Bicycle has partnered with Team Roger C. Peace Cycling, the only independent team competing on a global para-cycling schedule, as provider of its Pro4 line of race tires and other team support throughout the season.

Tagged Racing & Sponsorship

MADISON, Wis. (BRAIN) — Carmichael Training Systems and Peaks Coaching Group have selected PowerTap as a preferred power meter, giving athletes access to power equipment and guidance.

OREM, Utah (BRAIN) — Mountain Bike Hall of Famer and 16-year industry veteran Nat Ross has joined Lizard Skins as international sales executive.

TUCSON, Ariz. (BRAIN) — Continuing its support of Exceeding Expectations, which encourages at-risk youth in San Bernardino, Calif., to pursue a positive path in life through the sport of triathlon, TriSports.com has donated more than $6,000 in gear in almost-new condition.

Tagged Advocacy/Non-profits
Joseph Robinson, 21, was struck by a hit-and-run driver Sunday.

IRVINE, Calif. (BRAIN) — Some 200 to 250 cyclists and Southern California industry representatives turned out early Wednesday for a memorial ride and ceremony to honor Joseph Robinson, a local bike shop employee who was killed by a hit-and-run driver during a morning ride Sunday. He was 21.

VEVEY, Switzerland (BRAIN) — The iconic brand PowerBar has a new owner—Post Holdings, the maker of Grape-Nuts, Post Raisin Brand, Honey Bunches of Oats and other foodstuffs.  Nestle SA sold the brand, along with its Australian sport nutrition company, Musashi, to Post. Nestle made the announcement Monday.

Tagged Mergers, Acquisitions & Investments

OSAKA, Japan (BRAIN) — Unfavorable weather in Europe and North America was countered by strong sales in China and a growing service parts business in all markets to drive Shimano’s sales 10 percent higher in 2013 to $2.68 billion (271.037 billion yen).

Tagged Earnings/Financial Reports

MISSOULA, Mont. (BRAIN) — Adventure Cycling Association is accepting submissions for its new Youth Touring and Leadership Scholarship, with two candidates selected to participate in one of the association’s 2014 education courses. The scholarship covers airfare, bike and gear rentals and course fees.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp.’s sales for the year increased 15 percent, or $36.1 million, to $272 million, and its fourth-quarter sales were also up 15 percent to $65 million, the company said in a preliminary earnings statement.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — Charlie Cooper, former president of research firm Leisure Trends Group, joins the senior management team at PeopleForBikes this week as vice president of membership and development.

COLORADO SPRINGS, Colo. (BRAIN) — On the heels of the vote to include triathlon as the next NCAA Emerging Sport for Women, USA Triathlon has launched the Women in Sport Webinar Series. The series comprises six presentations from accomplished female athletes and coaches, including 2012 Olympian Gwen Jorgensen.

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products has introduced a new monthly magazine for dealers, titled Call Up, to update them on fresh product, emerging categories, tech advice and business issues.

Tagged Media/Publishing / Distributor news

MISSOULA, Mont. (BRAIN) — Adventure Cycling Association is now accepting submissions for its new Youth Touring and Leadership Scholarship. Two candidates will be selected to participate in one of Adventure Cycling's 2014 educational courses.

BOULDER, Colo. (BRAIN) — Car rack manufacturer RockyMounts has hired Simon Hall in its engineering department.

PARK CITY, Utah (BRAIN) — Adrian Montgomery recently left online retailer Backcountry.com where he was director of brand marketing.

NEWBURY PARK, Calif. (BRAIN) — Giant USA has hired three people to fill vacancies in its sales department, and promoted one employee in quality assurance.

Eric Woods of Denver has been hired as regional sales manager for the Southwest.

Campagnolo's Daniel Large shows how to install a Campy power unit.

PALOS VERDES, Calif. (BRAIN) — Industry chatter mixed with Hollywood dreams Wednesday as the inaugural winter edition of Lifeboat Events’ PressCamp event got under way sharing the grounds of swank Southern California resort Terranea with the celebrity hosts and aspiring divas of TV’s “American Idol,” filming on location.

Tagged PressCamp

ST. PAUL, Minn. (BRAIN) — Park Tool, its president Eric Hawkins and its trademark Park Blue color made an appearance on national television Tuesday evening. 

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