OSAKA, Japan - In its financial statement of the first quarter of 2020, the Shimano Group reported a downturn in sales since mid-March. The company also pulled its full-year business performance forecasts. The situation has changed drastically since last month. "Bicycle assemblers in Europe are seeing a surge in orders and retailers in the US are running out of stock," said Shimano's CEO, Yozo Shimano.
TAIPEI, Taiwan - Next to the news that the daily number of casualties in China is now dropping; it's also reported that Giant and Merida have resumed their operations in China. Is it a first indication that things are normalizing in China?
MONTREAL, Canada - Dorel Sports including Cycling Sports Group showed a strong third quarter performance; like in the 2nd quarter. Between July and October, revenues increased by 14.2 percent.
ATLANTA, USA - High-end bicycle pedal expert Speedplay has been taken-over by fitness equipment specialist Wahoo Fitness. "The Speedplay product range is complementary to our increasing line-up of high-quality indoor- and outdoor-cycling products," announced Wahoo. The purchase price remains undisclosed.
ULFT, the Netherlands - Basil originally unveiled the MIK (Mounting is Key) luggage carrier system at Eurobike 2017. This year, the Dutch company unveiled the second generation, the heavy-duty version. The heavy-duty version can carry up to 30 kilogram making it suitable for child seats.
TAICHUNG, Taiwan - Alexrims has upgraded its hub factory in Taichung, Taiwan. This was announced at last March Taipei International Cycle Show. The upgraded facility is to focus on making high quality hubs for e-bikes.
The heart of any successful direct-to-consumer (DTC) strategy is built around a great and effective ecommerce enabled website. Most companies we work with don't print paper catalogs anymore.
MONTREAL, Canada - Today Dorel Industries Inc. announces drastic deteriorated results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2018 and in the fourth quarter in particular.
REDDITCH, UK - The UK's leading bricks and mortar cycle retailer Halfords have released their latest Q3 trading figures. In the past 14 weeks to January 4, cycling sales were down 0.3% compared to a rise of 8% for the same quarter last year.
TAICHUNG, Taiwan - It weighs only 10 grams. The Arofly power meter looks like an odd, oversized valve cap screwed onto the back tyre valve. The newly presented second generation called Arofly Elite just won a Taiwan Excellence Award 2019.
BOCHOLT, Germany - The aim of Rose Biketown in Bocholt is to experience cycling. Given the almost 250,000 people who visit the store every year, Rose is successful. What makes Rose Biketown unique however
HELSINKI, Finland - After Amer Sports announced one week ago that it wants to sell its activities in the cycling market with Mavic and Enve, the Finnish holding got a takeover bid for all Amer shares by the Chinese companies ANTA Sports Products
PARIS, France - Financial difficulties for the French component manufacturer Spécialités TA have resulted in a take-over by bicycle parts supplier Velox based in Argenteuil, France. The amount of the transaction was not disclosed.
TAIPEI, Taiwan - The new Vektron e-folder announced by Tern comes in three different models. All are equipped with the latest Bosch drive system, a re-worked frame and riding geometry, and an ultra-robust rack that follows the lineage of the heavy-duty Tern GSD.
Main theme of this year's Bike Europe Conference is: Behind the Scenes of Online Sales. It is all about inevitable presence of online shopping consumers.
ESSLINGEN, Germany - Germany's biggest bicycle webshop 'Fahrrad.de' starts next May with what it calls "service partner network".
VIENNA, Austria - Signa Retail - a company under the umbrella of the Austrian real estate and retail giant Signa Holding GmbH -
To upgrade its competences in the strongly growing e-bike and e-mobility market, Sachsenring Bike Manufaktur acquired the direct drive manufacturer Relo.
CEDAR PARK, USA - NuVinci Cycling extends its product portfolio by introducing the N380x continuously variable planetary transmission
Next to its financial 2017 results Accell Group also made clear last Friday that the holding company and all its subsidiaries are to change drastically in
