News
MONTREAL, Quebec (BRAIN)—Dorel Industries’ purchase of Cannondale now positions the Canadian consumer goods company right behind Trek and Specialized within the independent bicycle dealer (IBD) channel, according to Dorel president and chief executive officer Martin Schwartz.
BEREA, OH (BRAIN)—Scottish clothing manufacturer Endura is expanding its distribution facility in Ohio to support its growing U.S. sales.
It also hired Santa Fe, New Mexico retailer David Bell, as its interim sales manager, while it seeks a permanent manager.
NEWTONVILLE, MA (BRAIN)—Sheldon Brown, who could explain the intricacies of 40-year-old Sturmey Archer hubs with the same patient clarity with which he would explain suspension or integrated shifters, died from a sudden heart attack Sunday night.
MONTREAL, Quebec (BRAIN)—Dorel Industries has just announced the acquisition of the Cannondale Bicycle Corporation.
The total value of the all-cash transaction will be $190 (U.S) to $200 (U.S) million, subject to Cannondale's earnings results for the year ending June 30, 2008.
DALLAS, TX (BRAIN)—Hans Johnsen Company's 2008 catalog is arriving in dealer stores this week.
LYNDON STATION, WI (BRAIN)—Bike Profits, a division of Jay Townley and Associates, is conducting two Tele-Seminars titled: Growing the Bicycle Market, One Shop at a Time.
BATAVIA, IL (BRAIN)—In its 25th anniversary year, Sigma is celebrating another milestone; its cycling computer sales have reached 50 million units.
BOULDER, CO (BRAIN)—Selling Cycling 2008 consists of 28 three-to-five-minute training modules, available either on DVD or online.
There is also online Product Category training for 32 different bike and accessory categories, and over 4,000 individual product SKUs from 75 top brands.
LAGUNA HILLS, CA (BRAIN)—Down below in BRAIN's Web Exclusive section you'll find a new Selling Cycling 2008 video: What Customers Want.
BY MATT WIEBE AND MARC SANI
SAN DIEGO, CA—It appears the bicycle industry shrugged off Wall Street’s woes and a year-long drumbeat of sour economic news, posting respectable 4 percent growth in wholesale revenue last year.
BY MEGAN TOMPKINS
SAN DIEGO, CA—Industry leaders need to talk with each other and with other cycling organizations. That’s the message that came out of last month’s Bicycle Leadership Conference.
SHENZHEN, China—Rising raw material and energy prices have contributed to steady cost increases over the last few years, but those cost hikes will likely pale next to the price hike for the 2009 model year, especially for bikes made in China.
BY MATT WIEBE
WHISTLER, British Columbia—Whistler Blackcomb’s winter season may be in full swing, but Rob McSkimming is already busy preparing for when the snow melts.
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