Industry News

RANCHO DOMINGUEZ, Calif. (BRAIN) — KHS Bicycles has resumed some shipments following an IT system hack over the weekend.

BOULDER, Colo. (BRAIN) — It's that time of year again and we're looking for your Sea Otter news and events.

Tagged BRAIN News / Sea Otter Classic
Copyright trailsource.com/CreativeCommons.org

MOAB, Utah (BRAIN) — The U.S. Bureau of Land Management on Friday announced that two parcels of land, one of which includes part of Moab's famous Slickrock Trail, will not be in an upcoming oil and gas lease sale.

Shimano's 2020 IceBike display, from the event's Facebook page.

MILTON KEYNES, United Kingdom (BRAIN) — UK dealers are being offered a peek at Shimano's 2021 model year offerings at IceBike, the large annual open house hosted by the UK distributor Madison.

Citi Bike e-bikes are back on New York City streets.

NEW YORK (BRAIN) — Ten months after pulling e-bikes from the streets because of brake concerns, Lyft unveiled redesigned Citi Bike e-bikes on Wednesday.

Tagged Bikeshare / Electric bike
Helped by the Tacx acquisition, Garmin had profitable 2019.

OLATHE, Kan. (BRAIN) — Garmin Ltd. total revenue increased 18% in the fourth quarter with the fitness division — which includes Garmin's cycling products — increasing 34% year-over-year.

Tagged Earnings/Financial Reports

From Outspoken Cyclist podcast host Diane Jenks:

Every once in a while, I have the privilege of speaking with someone who has made a contribution to our sport – and in this case – to many sports, that has literally changed the way people participate.

Tagged Podcast

SAN DIEGO (BRAIN) — When Gocycle, an 18-year-old British e-bike brand, first made a stab at the U.S. market, company founder and CEO Richard Thorpe found the market wasn’t ready for its upscale, folding e-bikes.

 MIPS' fourth-quarter net sales increased 41% year-over-year.

STOCKHOLM (BRAIN) — MIPS' fourth-quarter net sales increased 41% year-over-year, while the helmet technology company's 2019 sales showed a 39% growth.

Tagged Earnings/Financial Reports

TEMPE, Ariz. (BRAIN) — The National Bicycle Dealer Association's latest podcast discusses e-bikes and buidling a mission-driving bike shop.

Tagged Podcast

OSAKA, Japan (BRAIN) — In its bicycle-related business Shimano Inc. saw a 4.6% increase in sales in 2019 compared to 2018 and a 1% increase in operating income in the year. 

The company said sales were solid in Europe and North America and even the years'-long downward trend in China has stopped. 

Tagged Earnings/Financial Reports
Thule Group sales increased 4.7% in the fourth quarter.

STOCKHOLM (BRAIN) — Thule Group sales increased 4.7% in the fourth quarter over the same time last year and 8.5% for 2019, meeting the company's expectations despite a decrease in the U.S.

TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle have postponed the trade show originally scheduled for March 4-7 to May 14-16 because of the coronavirus outbreak in China. 

Tagged Coronavirus / Taipei Cycle Show
Major bike maker warns that 'anti-Chinese sentiment' in Vietnam could cause delays there and in Cambodia.
A welder at a Taiwanese bike factory. BRAIN photo.

TAICHUNG, Taiwan (BRAIN) — The CEO of A&J Bicycles — one of the world's largest bike makers, with factories in Taiwan, China, Vietnam, and Cambodia — is warning customers of possible shipment delays due to the novel coronavirus outbreak in China.

Tagged Coronavirus / Tradeshows and conferences
GoPro announced its fourth-quarter earnings.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter increased 40% year-over-year to $528 million. Revenue for 2019 increased 4% year-over-year, reaching $1.2 billion, for the period ending Dec. 31.

Excluding GoPro drone business, full year revenues increased 7% year-over-year.

Tagged Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — Multiple sources in Taiwan and the U.S. tell BRAIN that next month's Taipei Cycle show has been canceled. Exhibitors and other potential visitors have told show organizers they were reluctant to attend because of the ongoing novel coronavirus outbreak in China.

Tagged Taipei Cycle Show
Joe V. says a fourth e-bike class is needed for trail use.
 A former Trek executive said a fourth e-bike class is needed for trail use.

CARLSBAD, Calif. (BRAIN) — While suppliers and advocacy groups were laying groundwork for e-bike use on paved roads and trails, electric mountain bikes began rolling onto sales floors and trails (or not) with little industry preparation.

Tagged Electric bike / From the Magazine
Vista's Action Sports brands saw 3% sales growth.

ANOKA, Minn. (BRAIN) — Bell and Giro sales were up in Vista Outdoor's third quarter thanks to strong sales of winter sports products, the company announced Thursday.

Tagged Earnings/Financial Reports
Giant showed a model of the headquarters at the Taipei show last year.

TAICHUNG, Taiwan (BRAIN) — Because of the novel coronavirus outbreak in China, Giant Group has postponed a grand opening media event at its new headquarters building.

Tagged Taipei Cycle Show / Coronavirus / Tradeshows and conferences

SALT LAKE CITY (BRAIN) — Organizers of the Big Gear Show, a bike-paddlesport-outdoor hardgoods show planned for July, have announced a program that will reimburse retailers up to $450 for lodging costs at the show. 

Tagged Tradeshows and conferences

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