News
BY JASON NORMAN
LAKE FOREST, CA—Soon the last vestiges of GT’s Southern California heritage and existence will be gone, packed in boxes and headed for Bethel, Connecticut—headquarters of Dorel’s Cycling Sports Group.
BY NICOLE FORMOSA
Bicycle riding rebounded to levels not seen since the late 1990s last year as more people in the United States turned to two wheels for recreation and transportation, according to research from the National Sporting Goods Association and the Outdoor Foundation.
BY MATT WIEBE
The recession hit consumer spending last year harder than anyone anticipated, especially car makers GM, Ford and Chrysler. But the big economic hit arrived in October, well after the bike season wound down, so the industry dodged the bullet.
CENTRAL ISLIP, NY (BRAIN)—A federal bankruptcy judge said on Thursday that he would approve a bid procedure for the auction of Iron Horse Bicycle Company on June 8, after granting the case “super priority” under the advice of a U.S. Bankruptcy Trustee.
"I am relieved that no one was hurt, but this incident reinforces the need for us to make London's roads safer for cyclists, which I am determined to do and to make London the best city for cyclists in Europe.
TAICHUNG, Taiwan (BRAIN)—OEMs who plan to participate in Taichung Bike Week should contact organizers as soon as possible to reserve space.
MINNEAPOLIS, MN (BRAIN)—Bicycle Retailer & Industry News editors will drop in on retailers in Minnapolis-St. Paul next week to find out how they are faring this season as part of the magazine’s Twin Cities Dealer Tour.
MONTREAL, Quebec (BRAIN)—Dorel Industries executives reiterated their goal of becoming a global leader in the bicycle industry while speaking to shareholders during the company’s annual general meeting on Wednesday morning.
This past Wednesday in celebration of Bike Month, the Bicycle Coalition of Greater Philadelphia hosted the Fifth Annual Commuter Race. The race was between a bicyclist, a car driver and a transit rider. Surprise, surprise (OK, no surprise ), Fuji president Pat Cunnane won. This is the fourth year in a row he won.
VICTORIA, British Columbia (BRAIN)—Schwalbe is issuing a notice on some of its Ultremo R tires due to bulging. Due to a mistake in the manufacturing process, the affected tires' carcass layer haven't been sufficiently rubberized.
BOULDER, CO (BRAIN)—Bruno Maier will join the Bikes Belong staff on June 1 as the organization's full-time membership and development director.
OSAKA, Japan (BRAIN) — Shimano, whose overall sales fell 19 percent during the first quarter, reports that its bike business—78 percent of its total sales—fell 18 percent to $373 million (JPY 35.3 billion) from $456 million (JPY 43.3 billion) last year.
PHILADELPHIA, PA (BRAIN)—More American customers turned to European style hybrid bikes than ever before, driving Bicycle Product Supplier Association unit shipments up 2 percent, and sales up 4 percent over the first quarter.
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