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Dorel Sports Continued to Expand Its Bicycle Business in South America
Jan 8, 2015Dorel Sports continued to expand its bicycle business in South America Wednesday by opening a subsidiary in Chile and acquiring one of its dealers there. Dorel Sports Chile S.A. of Santiago de Chile, will lead sales, marketing, ...
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Dorel's Organic Revenue Increased by 6 Percent at Its Recreational/Leisure Segment
Nov 7, 2014Dorel Industries Inc. reported organic revenue increased by 6 percent at its Recreational/Leisure segment in the third quarter. Segment sales are up 8 percent for the three quarters ended Sept. 30 compared with the same period in 2013. ...
Tags: Dorel Industries, bicycle
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Dorel Industries Reported That Its Recreational/Leisure Segment Lost $5.4 Million
Mar 7, 2014Dorel Industries reported that its Recreational/Leisure Segment lost $5.4 million after mostly non-cash restructuring charges that reduced its overall earnings by about half. Dorel warned investors in early February that continued ...
Tags: Dorel Industries, Sporting Goods
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Dorel Will Close Its Assembly and Testing Facility in Bedford,PA. and Layoff 100 Employees
Jan 23, 2014Dorel Industries Inc. will close its assembly and testing facility in Bedford, PA. and layoff 100 employees as part of a global restructuring of its Recreational/Leisure segment announced Thursday morning. The segment owns the Cannondale, ...
Tags: Sporting Goods, Recreation
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Officials Told Investors Thursday Morning During a Third-Quarter Earnings Call
Nov 7, 2013Dorel's recreational and leisure business rebounded from a disappointing second quarter, officials told investors Thursday morning during a third-quarter earnings call. "However, the IBD channel is being cautious on preseason inventories ...
Tags: bike, Transportation
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Sugoi Will Supply The USA Cycling Team with Race-Day Apparel
Sep 25, 2013Sugoi, a brand of Dorel Industries, will supply the USA Cycling Team with race-day apparel, starting at the world road championships later this month. The agreement between Sugoi and USA Cycling includes the U23 Men, Women's Road, all ...
Tags: Apparel, bike, Transportation
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Dorel Industries Bought a 70 Percent Interest in Caloi
Aug 22, 2013Dorel Industries bought a 70 percent interest in Caloi, a major Brazilian manufacturer of bicycles and equipment and one of the largest bike brands in Latin America, the company announced Thursday. Caloi's sales in 2012 were close to R$ ...
Tags: Transportation, bike
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Dorel Continued to Feel The Sting of Weather on Sales of Bicycles Globally in 2Q
Aug 14, 2013Dorel 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
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Dorel Will Lay off 50 People Worldwide Across The Recreational and Leisure Segment
Jun 14, 2013Dorel 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
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The Bike Division's Revenue Was up Nearly 8 Percent in 2012, Reaching $928 Million
May 28, 2013Dorel 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
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Connecticut Is Considering a $3 Million Loan to Help Relocate Cannondale Sports Unlimited
May 16, 2013The state of Connecticut is considering a $3 million loan to help relocate Cannondale Sports Unlimited — the new name for what was formerly known as Dorel's Recreation/Leisure division. Gov. Dannel Malloy announced Tuesday that the ...
Tags: Dorel Division, bike
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Reporting Its First-Quarter Earnings Thursday
May 10, 2013Reporting its first-quarter earnings Thursday, Dorel Industries singled out the delayed arrival of spring and its effect on bicycle sales as a key factor holding down sales and profit for the start of 2013. "As stated in our year-end ...
Tags: Dorel Bike, Bike
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Dorel Will Use The New Store to Test Retail Concepts and Ideas
Apr 15, 2013Dorel is launching Cannondale Sports, its first company owned store, to sell and display bikes from Cannondale, GT, Schwinn and Mongoose as well as Cannondale and Sugoi apparel, and parts and accessories. It will also offer Guru fit. ...
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Dorel Industries' Bike Division Saw a 7 Percent Gain in Revenue in 2012
Mar 8, 2013Dorel Industries' bike division saw a 7 percent gain in revenue in 2012. Total revenue across the recreational and leisure segment was $928 million, up from $861 million the previous year. The segment includes all of its bicycle brands.? ...
Tags: Bike, Transportation, Dorel Industries
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Sugoi Has Been Named The "Official Performance Apparel" for The Ironman Triathlons
Mar 4, 2013Sugoi has been named the "Official Performance Apparel" for the Ironman triathlons in North America and Europe. The clothing brand, owned by Dorel Industries, has reached a three-year agreement with Ironman, said Sugoi president Kyle ...
Tags: Sugoi, Official Performance Apparel, Ironman triathlons
