News

Posted April 30, 2015

TORONTO (BRAIN) — Onex Corporation — the parent company of Interbike and Bicycle Retailer — has agreed to sell the Tropicana Las Vegas resort to Penn National Gaming for approximately $360 million. Onex, a private equity firm, is a part owner of the resort and casino.

Posted in North America Tagged Mergers & Acquisitions
Posted April 30, 2015
Derek Bouchard-Hall is a former U.S. pro criterium champion and former executive at Wiggle UK.

COLORADO SPRINGS, Colo. (BRAIN) — Derek Bouchard-Hall, a former pro cyclist who most recently was an executive at the UK-based e-commerce company Wiggle, is set to become the next CEO and president of USA Cycling.

Posted in Industry News Tagged Racing & Sponsorship
Posted April 30, 2015
Bike-related sales lead the way with 34 percent gain.

OSAKA, Japan (BRAIN) — Shimano is on a roll, pocketing an extra $518.7 million in new business last year and adding to that $187.7 million in additional sales it earned over the first quarter ended in March.

Posted in International Tagged Earnings/Financial Reports
Posted April 30, 2015

SAN MATEO, Calif. (BRAIN) — GoPro recorded its second-highest revenue quarter in company history in the first quarter this year, registering sales of $363 million and operating income of $22.3 million.

The company said the top five best-selling camera/camcorders in the U.S. are all GoPro models.

Posted in North America Tagged Earnings/Financial Reports
Posted April 30, 2015

BERLIN (BRAIN) — Vittoria has received an award for its successful commercial use of the new carbon material, graphene.

Posted in International Tagged Awards
Posted April 30, 2015

SILVER SPRING, Md. (BRAIN) – The Sports & Fitness Industry Association this week released its 2015 participation report that ranked sports activities by number of participants. Road bicycling ranked 7th on the survey's top 10 list with 20.4 million core participants in 2014.

Posted in Studies/Reports
Posted April 30, 2015

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike on Thursday opened registration for all attendees including retailers, distributors, media and others. Hotel room blocks are now open as well, with lodging options available through Interbike's official travel partner, Travel Planners.

Posted in North America Tagged Interbike
Posted April 29, 2015

OLATHE, Kan. (BRAIN) — Garmin's overall revenues were flat in the first quarter, but its fitness division — which includes its cycling-related products — grew by 31 percent, the company announced Wednesday.

Posted in North America Tagged Earnings/Financial Reports
Posted April 29, 2015
Consumer-direct brand signing up IBDs to assemble, service and repair bikes.

RENO, Nev. (BRAIN) — YT Industries is looking for shops to assemble, repair and provide regular maintenance for its line of mountain bikes in the U.S.

Posted in Retail News Tagged Omnichannel
Posted April 29, 2015
Stores will have access to paint and component options via the Italian manufacturer's new B2B site.

DUEVILLE, Italy (BRAIN) — Italy's Basso Bikes is changing up its distribution plan for the U.S. market. Instead of using a distributor, the manufacturer will ship straight to dealers from Italy, taking orders through its business-to-business website.

Posted in North America
Posted April 29, 2015

DUNDAS, Ontario (BRAIN) — South African sock brand Sako 7 is relocating from Cape Town to Ontario, Canada, and will now be distributed by Peter Appleton's SB Sports Inc.

Previously the brand was distributed by Defeet, which remains the brand's manufacturer.

Posted in International Tagged Distributor news

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