A wet and cold spring and summer dampened bike sales and inflated supplier inventories in Europe and globally, leading to rampant discounting. And with many dealers still sitting on 2013 bikes as 2014 models begin shipping, suppliers may ...
Tags: Transportation
Dorel Industries bought a 70 percent interest in Caloi, a major Brazilian manufacturer of bicycles and equipment and one of the largest bike brands in Latin America, the company announced Thursday. Caloi's sales in 2012 were close to R$ ...
Tags: Transportation, bike
REI plans to open a new store in Knoxville, Tennessee, in fall 2014. The Knoxville store will be REI's second location in the state, joining a store in Brentwood. "As an outdoor retailer, REI is committed to inspiring and educating people ...
Tags: bike, Transportation
Dorel continued to feel the sting of weather on sales of bicycles globally during the second quarter, officials told investors during an earnings call Friday morning. “There’s no doubt the second quarter was a bad quarter ...
Tags: Bike Business
Apparel brand Club Ride announced a 123 percent increase in sales in the first half the year, to $1.116 million. The privately held company releases some financial data voluntarily each quarter. “With these results we now have ...
Tags: Club Ride
Cannondale is working with the Consumer Product Safety Commission to recall about 500 Slice time trial bikes because the "brake plate" can loosen. The company has received one report of the loosening and no reports of injuries. The ...
Tags: Transportation, bike
QBP's Steve Flagg has lassoed some 200 dealers and their staff for the company's annual Saddle Drive—a three-day event to show off its 2014 line of bikes and accessories. This is the company's third annual event at Snow Basin, an ...
Tags: Transportation, bike
Cannondale has launched the second issue of the Cannondale Gazette for the 100th anniversary of the Tour de France. The free digital magazine is created by Cannondale in partnership with Peloton magazine.? The Cannondale Gazette includes ...
Tags: Transportation, bike
WATERLOO, WI (BRAIN) — Next season Trek Bicycle will own the WorldTour team it has sponsored and supplied for the last three years. The company has agreed with Luxembourg-based team owner Leopard SA to take over ownership of the UCI ...
Tags: Trek, Leopard, Team License
BERKELEY, CA (BRAIN) —The National Interscholastic Cycling Association has announced an honorary board of directors, made up of prominent figures in the cycling industry who are actively contributing to NICA’s efforts. ...
Tags: NICA, Honorary Board, Transportation
The Bethel, Connecticut-based bike maker is waiting until after its global sales meeting next month here at Deer Valley to reveal much of its 2014 lineup. Still, Cannondale has some goodies to show PressCamp editors. The Synapse ...
Tags: Transportation, Presscamp, bike
Hayes Components has promoted Luke Musselman to OE sales manager for the Americas, the company announced Monday. Musselman, who has been with Hayes for three years, was previously global manager for aftermarket sales and OE sales manager ...
Tags: Transportation, bike
Dorel Industries will lay off 50 people worldwide across the recreational and leisure segment as a result of a soft first half, the company announced in a statement early Thursday. The segment includes Cannondale, Schwinn, GT, Mongoose, ...
Tags: Transportation, bike
Dorel CEO and president Martin Schwartz told shareholders at the company's annual meeting Thursday morning that despite the slow start to the year—which he attributed to bad weather that persisted through April—he remains ...
Tags: Transportation
Troy had a garage full of bikes, 20 years' experience wrenching, a daughter getting braces soon—and an itch to try a lightweight carbon 29er hardtail.? So when the 41-year-old from the Pacific Northwest—who asked that his last ...
Tags: Transportation, bike