Industry News
OSAKA, Japan (BRAIN)—Shimano reported an 11-percent jump in sales in 2008, ending the year with $2.59 billion in net sales, according to Shimano’s 2008 earnings as reported to the Tokyo Stock Exchange.
Net income for 2008 was $277 million, or 25.15 billion yen, an increase of 26.4 percent over 2007.
WEST JORDAN, UT (BRAIN)—Reynolds Cycling has went through some restructuring recently as a warranty tech manager and engineer were let go.
Reynolds Cycling is a division of MacLean Quality Composites, internationally renowned manufacturer of carbon composite and alloy bicycle tubing and components.
"It's an honor to be called a 'notable omission.' Is that some broccoli stuck in BRAINdog's teeth?"
—Tim "Masiguy" Jackson commenting on a BRAIN Blog entry. (click on link).
OGDEN, UT (BRAIN)—Suunto has hired Judd Feingold as its new sales representative for the New England area.
Feingold’s territory includes Massachusetts, Connecticut, Vermont, New Hampshire, Rhode Island and Maine.
BOULDER, CO (BRAIN)—Leisure Trends Group will release its first retail sales tracking reports for the bicycle industry by the end of the second quarter, according to Jim Spring, president of the market research firm based in Boulder, Colorado.
"There is only one like it in the world therefore hard to pawn it off. Reward being offered."
—Lance Armstrong Twittered after his TT bike was stolen after Saturday's Tour of Cali prologue.
POZZOLEONE, Italy (BRAIN)—Fizik has rolled out a new 2009 grassroots rider support program: the Fizik Link. The program was created to help up-and-coming North American cyclists achieve a higher competitive level of cycling and to advance the local race scene in their respective communities.
BETHESDA, MD (BRAIN)—The Consumer Product Safety Commission tabled a petition last week that would have given the bicycle industry temporary relief from a strict new rule that limits the amount of lead in children’s bikes.
WILMINGTON, MA (BRAIN)—Pedro's has completed a year-long product information overhaul surrounding the popular bike care range, including a complete update of the global Material Safety Data Sheets (MSDS) and a redress of the product packaging and labeling.
BETHEL, CT (BRAIN)—Cannondale Sports Group (CSG) has restructured its international sales force to focus efforts on regional market opportunities and strengthen its position with both direct retail management and distributor partnerships.
KENT, WA (BRAIN)—REI said this week that it would lay off 61 full-time employees due to a significant slowdown in business late last year and continued projected weakness in 2009.
IRVINE, CA (BRAIN)—Following a succession of wins gained in early season professional road competitions, consumers will have their first opportunity to see and experience the new Dura-Ace 7900 and 7970 Di2 Electronic shifting road components at select stages of the 2009 Tour of California.
VENTURA, CA (BRAIN)—SmartEtailing has partnered with product-video distributors Invodo to help bring professional product and brand videos to consumers through the retail Web sites of SmartEtailing's 900-plus clients.
"What's with starting the bike race on Valentine's Day? It's like they think bike dorks have nothing going on in the romance department."
—Adrian Montgomery, Scott USA's marketing and PR director, on the Tour of California, which kicks off in Sacramento tomorrow.
LAGUNA NIGUEL, CA (BRAIN)—Just one month after launching, Lifeboat Solution's Press Camp(TM) has already confirmed 20 publications and Web sites, and seven bicycle industry companies for the June 23-25 event in Sun Valley, Idaho.
MILL VALLEY, CA (BRAIN)—Alienation's entire line of BMX products has been tested and passed in accordance with the new law passed by Congress regarding the Consumer Products Safety Improvement Act of 2008.
FORT COLLINS, CO (BRAIN)—Cantitoe Road’s six-city Tech Tour kicks off on February 23, in Denver, Colorado.
"Now, with respect to Sean Hannity, I didn't know that he had invited me for a beer. You know, but—I will take that under advisement. Generally, his opinion of me does not seem to be very high, but I'm always good for a beer."
—President Obama
BEAVERTON, OR (BRAIN)—Nike will begin restructuring its business, which could mean up to 4 percent (1,400 employees) in workforce reductions.
BOULDER, CO (BRAIN)—IMBA is asking all of its riding friends to take action and support improved mountain biking opportunities in U.S. national parks.
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