Articles on this Page
- 07/30/18--13:55: _New East Coast trad...
- 07/30/18--15:31: _BPSA: Supplier ship...
- 07/30/18--15:50: _Three-day T.H.E. Tr...
- 07/30/18--16:43: _Retailers, do you c...
- 07/31/18--11:09: _Industry veteran Da...
- 07/31/18--13:43: _Harley Davidson ann...
- 08/01/18--05:00: _Strava redesigns it...
- 08/01/18--08:02: _Deadline is this mo...
- 08/01/18--10:13: _Thule adds two hydr...
- 08/01/18--10:56: _This year's Interbi...
- 08/01/18--11:45: _Garmin sales up 23 ...
- 08/01/18--14:06: _Fox Factory's bike ...
- 08/01/18--14:45: _Bulls becomes offic...
- 08/01/18--15:52: _Eddy Merckx, Ridley...
- 08/02/18--06:00: _Everysight opens we...
- 08/02/18--08:45: _Elysa Walk, Andrew ...
- 08/02/18--09:32: _Chris King Precisio...
- 08/03/18--07:49: _Dorel’s bike busine...
- 08/03/18--09:10: _BMC recalls some Ti...
- 08/03/18--10:51: _Cane Creek releases...
- 07/30/18--13:55: New East Coast trade show looking for speaker nominations
- 07/30/18--15:31: BPSA: Supplier shipments up 6 percent in dollars through first half
- 07/30/18--15:50: Three-day T.H.E. Trail Summit planned for Fruita in October
- 07/30/18--16:43: Retailers, do you charge customers for sales consultations?
- 07/31/18--11:09: Industry veteran Dave Whittingham dies following bike accident
- 07/31/18--13:43: Harley Davidson announces growth plan that may include e-bikes
- Training Pack: Includes live performance data, custom goals, race analysis, training plans, filtered leader boards, segment efforts, summit support, and summit perks.
- Safety Pack: Includes Beacon, personal heatmaps, summit support, and summit perks.
- Analysis Pack: Includes workout analysis, fitness and freshness, live segments, power analysis, relative effort, summit support, and summit perks.
- 08/01/18--10:13: Thule adds two hydration pack collections for 2019 model year
- 08/01/18--11:45: Garmin sales up 23 percent in its fitness category so far this year
- 08/01/18--14:06: Fox Factory's bike sales up 15% in second quarter
- 08/01/18--14:45: Bulls becomes official e-bike sponsor of Sea Otter Classic
- 08/02/18--06:00: Everysight opens web store for Rapter AR smartglasses
- 08/02/18--08:45: Elysa Walk, Andrew Herrick and James Paladino join HLC board
- 08/02/18--09:32: Chris King Precision Components launches its first drop-in headset
- 08/03/18--07:49: Dorel’s bike business rebounds in second quarter
- 08/03/18--09:10: BMC recalls some Timemachine 01 bikes and frames
BETHESDA, Md. (BRAIN) — Organizers of a March, 2019, bicycle trade show in New Jersey are looking for nominations for speakers.
The American Bike Expo is planned for March 6-7 at the Meadowlands Expo Center in Secaucus, New Jersey, a few miles west of New York City. It is being planned by Electric Bike Events LLC, which produces e-bike events including four "eMTB Experience" events, planned for this year in Arizona, Nevada, Colorado and Idaho. Each of those events is tied to an EnduroCross Race Series event.
The American Bike Expo will include three conference programs: the Bike Retailer Conference (with an IBD and an e-IBD track), the US Cargo Bike Summit and the Bike Share Conference.
"These programs all relate to growing the bike retailer/distributor's business, and the overall theme is Bike Retailing 2024," the company said.
Organizers are looking for industry members to nominate a speaker from their company or a client. More information at electricbikeevents.com.
BOULDER, Colo. (BRAIN) — Bicycle Product Suppliers Association members shipped fewer bikes to dealers through the first half of the year, compared to last year. But even so, they tallied more dollar business.
Suppliers shipped 73,795 fewer bikes to retailers through the first six months of the year — a 6.4 percent drop from last year. But, through June, suppliers' business with retailers totaled $564.7 million, or up 6 percent from $532 million last year.
This suggests that suppliers are selling pricier bikes to dealers, and could reflect the impact of higher-value e-bikes. Shipments of electric bikes were up a whopping 83 percent through the first half.
Shipment declines were seen across most categories. Besides e-bikes, the exceptions were BMX, which was up 21 percent compared to the same period last year, and full suspension 29ers, which were up 21 percent as well. Shipments of lifestyle/leisure bikes were up a modest 3.5 percent.
The road category overall saw a 1.5 percent decline in shipments, but sub-categories including "cyclocross" and "other" saw unit growth of 43 percent and 64 percent, respectively, hoisting the road category shipments' total value to $149.75 million, up from $135.73 million for the same period a year ago.
FRUITA, Colo. (BRAIN) — Local retailer Over the Edge Sports and the City of Fruita are hosting a three-day meeting here in October devoted to trails-based economic development.
Registration is now open for 100 seat at T.H.E Trail Summit, which is Oct. 10-12. T.H.E. stands for "Trails Humanity Experience."
Fruita began rebuilding its economy 24 years ago by building miles of mountain bike trails near town, in hopes of developing a mountain bike tourism business to complement the area's boom and bust energy industry.
The summit will discuss how communities can differentiate themselves as competition has skyrocketed.
"Today an immeasurable number of places are grabbing for the attention of the mountain bike audience ... So why isn't every town that has great singletrack the hottest new destination? The paths to success are blurry; trail style and user demographics are getting confused and are setting the stage for failed efforts, wasted funds and scars across the land," organizers said.
The summit is being aimed at trails/bike industry professionals, community leaders, local, regional and state land managers, trail designers and builders, tourism professionals, community stakeholders, project managers and leaders, trail/recreation volunteers, advocacy representatives, and individuals that are committed to trail projects.
Each day of the summit will have a theme that will be explored through discussions, speakers, panels, experiential learning, and social/networking opportunities.
A list of speakers and an agenda is on the event's website, thetrailsummit.com.
BOULDER, Colo. (BRAIN) — Dave Whittingham, an industry veteran who managed bike shops, developed products and worked for several brands in the Boulder area, died Monday of complications from a bicycle accident. He was 67.
Over his long career Whittingham worked in marketing for Catalyst Communication, SmartEtailing, Inside Communications, Maverick Bicycles and Wheels Manufacturing. He also had a sideline making trophies and retail displays, including awards for the Colorado NICA league, the BPSA Lifetime Achievement Awards and retail displays for Stages Cycling and other brands, as well as custom retail displays for bike shops and other projects outside the bike industry.
In the 1970s Whittingham managed The Spoke, a now legendary bike shop in Boulder. That's when he met Dave Batka, who later founded Wheels Manufacturing. The two were friends for about 40 years and Whittingham did marketing for Wheels for about the last ten years. "We were friends for a long time and I’ll miss him. He was my first boss," Batka said.
Whittingham enjoyed making custom awards. Each of the BPSA Lifetime Achievement Awards that have been bestowed were tailored for their recipients, said Ray Keener, the BPSA's executive director.
"He wouldn't do generic awards, he had to make each one special," Keener said.
The season-end awards he made for the Colorado NICA league were also each one of a kind, said Kate Rau, who runs the league. Whittingham had done the awards since the league's inception 9 years ago.
"That was just Dave, he had to make each one special," said Rau. "He was an amazing individual, very understated and quiet, but very creative and supportive."
According to friends, Whittingham had a solo bike accident while on a road ride in Boulder County on July 20. He suffered a brain injury and never regained consciousness.
Whittingham had three children and one grandchild. Details on a memorial service were unavailable Tuesday.
MILWAUKEE (BRAIN) — Harley Davidson announced an ambitious growth plan Monday that includes the launch of a variety of new products, including, possibly, e-bikes.
Among other changes, the company announced it would launch a family of no-clutch electric two-wheelers next year. That line will start out with the company's first electric motorcycle, called the LiveWire.
"LiveWire will be followed by additional models through 2022 to broaden the portfolio with lighter, smaller and even more accessible product options to inspire new riders with new ways to ride," the company said.
In a news release, the company included illustrations of four electric two-wheelers, including lightweight street and offroad motorcycles, a scooter, and what appears to be a full suspension electric mountain bike. The company released no details of the two-wheelers.
The company also said it will improve and expand its global digital capabilities to integrate with its dealerships and will launch new retail formats including smaller, urban storefronts.
"Harley-Davidson's world-class dealer network is an integral part of the company's accelerated strategy and critical to overall success. The company will implement a performance framework to significantly enhance the strength of the dealer network and the customer experience, enabling the best-performing and most entrepreneurial dealers to drive innovation and success for themselves and Harley-Davidson — while providing the premium customer experience the brand is known for across an increasingly diverse product and customer base."
Besides the electric motorcycles, Harley said it's expanding its heavyweight motorcycle development, introducing a new middleweight line of motorcycles in 2020, and launching a small-displacement motorcycle for Asia emerging market in an alliance with an Asian manufacturer.
SAN FRANCISCO (BRAIN) — Strava has broken up its premium membership program into three packages, available as a bundle or a la carte.
The new program is called Strava Summit and replaces Strava Premium. Strava Premium was $59.99 per year. The new Summit program offers three "packs" with varying features, for $23.99 each annually. The full bundle is $59.99 per year. All three packs include "Summit Perks," which gives exclusive access to some product discounts. Summit Perks was previously called Premium Perks.
The packs are called Training, Safety and Analysis.
"Strava is a community of athletes helping each other achieve their goals," says James Quarles, CEO of Strava. "Ninety-two percent of Strava athletes who set goals remain active ten months later. Summit Packs are designed to better tailor and personalize our features to members' needs. Whether your goal is returning from injury or training for your first marathon, Summit Packs provide the performance tools you need along the way."
Monthly memberships also are available for $2.99 for a single pack or $7.99 for all three. Existing Strava Premium athletes retain access to all Premium features.
Strava says it has more than 32 million users in 195 countries.
More information at strava.com/summit.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Welcome to August. August 15 is the deadline for brands to submit products for consideration for Interbike's IB Innovation Awards.
Bicycles, components, accessories and apparel can all be nominated.
A total of 19 product innovation awards will now be distributed across mountain, road, electric and triathlon categories. This year, the products recognized will be for the upcoming 2018 sales season instead of looking back at the 2017 cycle. Only brands that are participating at Interbike or Outdoor Demo will be considered.
Interbike is partnering with Hi-Torque Publications to evaluate and select the winners in mountain, road and electric. All triathlon product award recipients will be selected by LAVA Magazine.
SEYMOUR, Conn. (BRAIN) — Thule, which launched its first hydration pack line last year, has added two new collections for 2019. The new Thule Rail is designed for aggressive trail riding and enduro racing, while the Thule UpTake is for biking, hiking or skiing. Both collections include a variety of sizes and colors and will be available at retail in February, 2019.
The Rail hydration packs have a fit system that wraps the torso to eliminate bouncing and movement when jumping or cornering on rough trails. They include the ReTrakt magnetic hose return. The included 2.5 liter HydraPak reservoir features a locking valve and a slide closure to simplify cleaning. Armor, helmets or detachable chin bars can be attached with quick-access lash points. The pack allows access to jersey pockets. Interior zippered pockets provide a safe place to store a phone, keys or other small accessories. The pack comes in 8-liter and 10-liter models. A third model, Thule Rail 12L Pro, comes equipped with a lightweight, removable Koroyd spine protector.
The UpTake models are versatile hydration packs that include the ReTrakt hose system, a 2.5 liter Hydrapak reservoir with locking valve and slide closure, organizational pockets, and side pockets for quick access to smaller items, and dedicated internal pockets for tools
and extra layers. The UpTake is available in 4, 8 and 12 liter models. It also includes a youth-specific model, the UpTake 6L Youth.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has announced the schedule for its Fit Symposium, a free educational track for registered independent bicycle retailers and their fit specialists. The theme of this year's edition of the popular symposium is "The Golden Rules of Fit."
Besides the symposium, additional bike fitting education will be available from the Serotta International Cycling Institute for a fee at the conclusion of the show.
"As always, our goals for the Fit Symposium are to teach the latest trends in bicycle fitting and deliver practical takeaways that attendees can use the day they get back to their shops," said Justin Gottlieb, vice president and group show director for Interbike. "This year, we're taking it up to another level with the overlay of Serotta's certification course. Together, these events are an unparalleled educational opportunity for bike fit specialists."
Interbike has once again partnered with Curtis Cramblett to produce a platform-agnostic event for information sharing among retail and medical bike fitters, to deliver timely and informative Fit Symposium sessions.
This year's topics address the benefits of bike fitting, bike fitting as a source of shop revenue, fitting for the beginner to intermediate fitter, selection of equipment that's appropriate for the rider's needs, and more.
The Fit Symposium content is designed for all levels of fit technicians, from beginner to advanced. In addition to Cramblett, some of its expert presenters include John Higgins, the owner of Fit Kit Systems; Paraic McGlynn, founder and chief technologist of Cyclologic; and Kit Vogel, MS, DPT, a physical therapist with BikeFit.
The symposium will be held at the Reno Convention Center on two consecutive mornings: Wednesday Sept. 19 from 9-11:15 a.m., and Thursday Sept. 20 from 9-11:45 a.m. Registration to the Fit Symposium is free for Interbike retailer attendees, but seating is limited and pre-registration is required at app.smartsheet.com. More information about the Fit Symposium can be found at interbike.com/conference/fit-symposium.
Serotta International Cycling Institute will offer its three-day Personalized Class, which teaches basic Serotta fitting methodology, at the Atlantis Hotel in Reno starting on the final day of Interbike, Thursday, Sept. 20 and continuing through Saturday, Sept. 22. Registration for this course is separate from Interbike show registration and is available online at serottacyclinginstitute.com. Those who register before Aug. 20 will get an early bird discount.
A limited number of free sponsorship opportunities are available for the Fit Symposium. For more information on sponsorship, contact Andria Klinger at firstname.lastname@example.org or 949-226-5745.
OLATHE, Kan. (BRAIN) — Garmin saw a 24 percent increase in sales in its fitness division (which includes its bike products) in the second quarter this year, and has seen a 23 percent increase year to date.
The company said sales of its fitness wearables and its cycling products contributed to the growth. Garmin launched its Vivoactive 3 fitness watch, which includes music storage, in the quarter, as well as new Edge and Varia cycling products. The division's sales totaled $391 million in the first half, up from $319 million last year.
Garmin's total revenue for the second quarter was $894 million, growing 8 percent over the prior year. The company noted that its fitness, marine, aviation and outdoor divisions — everything except its auto division — collectively grew 17 percent over the prior year quarter and contributed 80 percent of total revenue in the quarter. The auto division was down 19 percent in the quarter and is down 16 percent for the first half of this year.
Sales of Garmin's outdoor products grew 4 percent in the second quarter and 11 percent in the first half.
Garmin raised its full-year forecast. The company now says it expect total revenue for the year at $3.3 billion, up $100 million over its prior forecast. A good chunk of that comes from the fitness division; Garmin's earlier forecast called for flat sales in the division this year, but now it forecasting 10 percent growth for the full year.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory, which offers Fox suspension, Marzocchi, Easton cycling and Race Face products in the cycling market, saw a 15.1 percent increase in sales of bike products in the second quarter. The Q2 results cap a first half that recorded a 13 percent increase in bike-related sales.
Fox's bike-related sales totaled $74,578 in the second quarter and $132,236 in the half.
In a conference call with investors on Wednesday, Larry Enterline, Fox's CEO, said inventory levels in the bike industry channels where Fox is active is in better shape than in previous years.
"In general the bike industry seems to be having a better year than it has had in recent years," he said. He said Fox sales were strong in Europe and North America. Company officials said sales of its new e-bike forks "did have strength" but were not exceptional.
"We remain enthusiastic about e-bikes and we continue to devote resources to that market," Enterline said. "It's a wave that clearly we want to be able to ride."
Fox recorded a 46.8 percent increase in powered vehicle products in the second quarter.
Across both categories, sales were up 29.8 percent to $156.8 million compared to $120.8 million in the same period last fiscal year.
"Our differentiated bike and powered vehicle market positions fueled broad-based strength across our product portfolio, resulting in record second quarter sales and profitability, both of which exceeded our expectations," said Larry Enterline, Fox's CEO. "We are pleased with our team's continued execution as we further expand into new and existing end markets building upon our core bike and powered vehicle category capabilities with compelling product innovation. We believe we remain well positioned for future growth and based on these strong operational and financial results as well as our outlook for the remainder of the year, we are raising our annual guidance."
For the third quarter of fiscal 2018, the company expects sales in the range of $166 million to $176 million. For the fiscal year 2018, the company expects sales in the range of $596 million to $614 million.
The company said that for the remainder of the year, any impacts from proposed tariffs could be "contained within our current guidance."
LOS ANGELES (BRAIN) — Bulls, a Germany-based consumer direct bike brand, has made a three-year sponsorship agreement with the owners of the Sea Otter Classic. Bulls will be the official e-bike sponsor of the event through 2021. Sea Otter's e-MTB race will be named the "Bulls eMTB Race ePowered by Bosch."
"The Sea Otter Classic has arguably been the most significant trade event in our company's history. We humbly launched our U.S. division in a 10-by-10-foot booth at the Sea Otter Classic three years ago, and through exceptional innovation and growth have risen to a position that affords us the opportunity to become the official e-bike sponsor," said Fernando Endara at Bulls. "Along with innovation, Bulls holds a strong race pedigree, and the Sea Otter Classic strikes a perfect balance for us — the ability to showcase and demo our extensive lineup of premium bikes and prove our products at the 'Bulls eMTB Race ePowered by Bosch.' We are honored and excited to see what's to come over the next three years with fans, athletes, and professionals at the Sea Otter Classic by our side."
Bulls offers traditional mountain, urban and road bikes. It launched its e-bike line in 2016 at the Sea Otter Classic.
"We're excited to welcome BULLS aboard as our Gold level e-bike sponsor," said Frank Yohannan, the president and CEO of the Sea Otter Classic. "As the e-bike market continues to expand, Sea Otter Classic attendees expect to see and demo the best in this category. Bulls will deliver!"
PAAL-BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory, the parent of Ridley, Eddy Merckx Cycles and the Forza component brand, is distributing those lines direct to consumers in the UK and Ireland, effective Aug. 1.
Previously the brands were distributed by Sportline.
Dealer contact will be through two sales agents: Adrian Walsh and Stu King, and there will also be open house dealer events on Tuesday, Aug. 7 in the Red Lion & Manor House in Skipton (Yorkshire) and Thursday Aug. 9 in Bicester Hotel Golf & Spa (Oxford) with bikes on display. For further information on these events, contact Adrian.email@example.com.
"This is an exciting new chapter for Belgian Cycling Factory as the UK and Ireland has been an important area for us these last few years. This move to working directly with dealerships will enable us to offer a wider spread of product across our brands as well as fast availability and shipping through our dealer B2B. Adrian and Stu are both passionate and knowledgeable about our products so will ensure that this transition is as smooth as possible," said Rik Vanhoof, BCF's commercial project coordinator.
For other queries contact firstname.lastname@example.org.
HAIFA, Israel (BRAIN) — Everysight, which has been building interest in its heads-up cycling smart glasses since at least 2015, has now turned on its webstore for consumer direct sales in the U.S., Canada, EU and UK. The Raptor glasses are selling for $649.
The company had previously fulfilled pre-orders on an invitation basis. This is the first time they are available for regular ordering. The company has told BRAIN that it is considering sales through IBDs in the future.
Everysight's parent company is an Israeli military supplier that develops heads up displays for fighter pilots and other applications. The Raptos overlays a semi-transparent screen onto the lens, show information including heartrate, cadence, speed, power, distance and more. The Raptor has built-in GPS and navigation features, a speaker, a camera, and Bluetooth. It can record ride data to be uploaded to third-party apps.
Everysight also is selling a handlebar remote controler, prescription frames and several tints of replacement lenses.
More information at www.everysight.com.
LEVIS, Quebec and LEXINGTON, S.C. (BRAIN) — Bike industry veterans Elysa Walk and Andrew Herrick, and power sport executive James Paladino, have joined the board of directors at HLC, the distributor known as Hawley-Lambert until recently.
"As our business evolves and we focus more on brand development, it's important to add board members who have experience guiding high-growth companies and brands," said Ed Barrett, the chairman for HLC. "Elysa, Andrew and James bring those exact experiences to the board. We look forward to listening, learning and benefiting from everything they have to offer."
Walk is best known to bicycle retailers for her 11 years with Giant Bicycle, where she was general manager. She is now general manager at Burton Snowboards, overseeing all Burton business throughout North and South America. She has served on the PeopleForBikes and Camber Outdoors board and is on the Snowsports Industries America board.
"I am honored to serve on HLC's board. The organization has done amazing work and has a tremendous business model for growth, so I am excited to participate in developing their strategies for the future," Walk said.
Herrick has held leadership roles at Pedro's, GT Bicycles, and Crankbrothers and was most recently CEO of Intense Cycles. He also has been on the boards of the Junior Development Cycling Foundation, the International Mountain Bicycling Association, Selle Royal Group, Highway Two, Kitsbow, and Public Bikes, among others.
"The world of business is changing very quickly all around us and the cycling industry is no exception. I am very proud that the board of HLC has asked me to join them as they recognize the need to evolve their own business to meet the changing needs of their retail partners in North America and the incredible demands that the consumer is placing on all of us. They have a great team and I am very much looking forward to watching them develop in the years ahead," said Herrick.
James Paladino is president and CEO of Motovan, a distributor, exporter and developer of motorcycle, ATV/UTV and snowmobile parts, garments and accessories.
"I look forward to sharing my experience and knowledge in order to help HLC get to the next level," Paladino said.
PORTLAND, Ore. (BRAIN) — Chris King Precision Components has released its first-ever integrated headset, which it calls the DropSet 1. The DropSet 1 is also the first CKPC headset with a ceramic bearing option.
The company designed the bearing from the ground up specifically for drop-in application and with an emphasis on reducing creaking, the company said.
The made-in-house bearings are 41.0mm 45/45, and 52.0mm 45/45. It has a S.H.I.S. IS41/28.6 upper bearing and IS52/40 lower bearing. It's available in all standard CKPC anodized colors.
It fits bikes from Santa Cruz, Yeti, Alchemy, All City, Ibis and others.
The company also said its GripLock design provides improved pre-load retention. It has a 10-year warranty, the same as all CKPC headsets.
MAP is $125 for a stainless steel bearing version or $245 for the ceramic version. It will be available Aug. 13.
Available Aug. 13.
More information at chrisking.com.
MONTRÉAL (BRAIN) — Dorel Industries said Friday that its bike business rebounded in the second quarter with revenue up $15.5 million or 7.4 percent to $224.5 million. Revenue through the first half of the year was up $8.1 million or 1.9 percent to $431.2 million, but remained flat compared to the previous year after removing the impact of foreign exchange rates.
Dorel owns Cannondale, Caloi, GT, Fabric, Schwinn, Mongoose and Charge.
“Dorel Sports rebounded strongly after a tough start to the year, posting solid adjusted results ... We overcame the impact of the Toys“R”Us bankruptcy earlier in the year. We are encouraged by the markets’ reaction to our new bicycle and juvenile products. Sell-through has been good over the past few months and more new products are set to launch through the second half, providing optimism for the balance of the year,” said Dorel president and CEO Martin Schwartz, in a statement.
The bike segment rebounded from a difficult start to the year with improved second-quarter adjusted operating profit compared with the first quarter. Compared to 2017, second-quarter revenue growth was more than 10 percent at both Cycling Sports Group (CSG), its IBD brands, and Caloi.
The company said CSG recorded growth in all key regions with good momentum from recent product launches. Caloi continued to grow on new product innovation and was further aided by a gradual improvement in the Brazilian economy. Pacific Cycle experienced a modest revenue decline overall with the negative impact of the Toys“R”Us U.S. liquidation, but revenue to other key customers increased.
Dorel Sports sold its apparel business in the second quarter to Louis Garneau Sports, and the transaction resulted in restructuring costs of $11.2 million of which $9.2 million was noncash, due to a write-down of the Sugoi trademark and inventory markdowns. The company said the divestiture will allow Dorel Sports to focus on its core strategic businesses of bikes, parts and accessories categories and electric ride-ons.
Second quarter operating loss was $3.3 million compared to an operating profit of $4.9 million a year ago due to these restructuring costs. Excluding restructuring and other costs, adjusted operating profit rose $2.3 million, or 40.5 percent, to $8 million from $5.7 million last year.
Through the first half, operating loss was $4.1 million compared to an operating profit of $15 million in 2017. When excluding the $6.6 million impairment loss on trade accounts receivable from Toys“R”Us recorded in the first quarter, adjusted operating profit for the six months was $13.8 million compared to $15.1 million a year ago.
“In all three of our segments, proposed tariffs recently announced in the U.S. would impact a significant number of our product categories, and is creating business uncertainty. However, our competition will be similarly affected as we will all be required to adjust pricing upwards and higher costs will ultimately be passed on to consumers,” Schwartz said.
Dorel is holding an earnings call at 12 p.m. Eastern to discuss its results.
WASHINGTON (BRAIN) — BMC is recalling its Timemachine 01 bikes and frames because in some situations the front tire can hit the downtube, posing a fall hazard.
The CPSC said BMC has received four reports of falls in the U.S., including one that resulted in a broken finger.
The company is asking owners to bring the bikes to an authorized dealer for inspection. A replacement fork will be available in September or October. In the meantime, the dealer can replace the front tire with a 23 millimeter width model to increase clearance.
BMC said that a loose headset and a wide tire can result in the tire hitting the downtube when the bike is ridden under load.
About 430 bikes and frames are being recalled in the U.S. The recall involves all model year 2017 and 2018 Timemachine 01 bicycles and model year 2018 Timemachine 01 framesets. Timemachine 01 is printed in glossy black letters on the flat black top tube. The bikes were sold in red, yellow and black.
The bikes were sold from September 2016 through June 2018 for between $7,000 and $13,000.
ASHEVILLE, N.C. (BRAIN) — Cane Creek Cycling Components has announced the release of their DB Air CS and DB Coil CS shocks in trunnion-mount versions. Both shocks include the same four-way independent adjustability and climb-switch technology of their standard-mount counterparts and are available in sizes ranging from 185 mm x 50mm to 225mm x 75mm.
"Trunnion-mount has really taken off in the past few years with many great frame manufacturers going exclusively to that standard," said Sam Anderson, product manager for Cane Creek. "We want riders on trunnion-mount bikes to be able to experience the same world-class performance, adjustability and hand-built quality they would on a non-trunnion bike. The DB Air CS and DB Coil CS in trunnion-mount gives riders more choice on how to pair their favorite suspension with their favorite bike."
DB Coil CS and DB Air CS in trunnion-mount are available now through Cane Creek retailers and distributors or factory direct through the company's website at www.canecreek.com. Pricing for the shocks remains the same as their non-trunnion-mount counterparts — $695 for the DB Air CS and $620-$680 for the DB Coil CS depending on the choice of spring.
More information at canecreek.com.