Giant Launches Momentum Lifestyle Bikes

Giant officially launched its Momentum brand of neighborhood bikes that sell for an average retail price of just $425 Monday in a major initiative aimed at helping its dealers become more relevant to less affluent consumers…

REI Donates $100,000 to Green Lane Project

Specialty outdoor retailer REI (Recreational Equipment, Inc.) has awarded $100,000 to PeopleForBikes to expand its Green Lane Project, which helps U.S. cities build better bike lanes to create safer streets and better communities…

UK’s Evans Cycles to Trade Hands

Evans Cycles, the UK’s largest specialist cycling retailer is being sold by Active Private Equity to ECI Partners, the companies announced May 1. On completion, ECI will…

Rising Costs Worry Garmin Analysts

Rising advertising and R&D expenses at Garmin Ltd.’s Fitness and Outdoor segments came under scrutiny during its first quarter earnings call last week, when analysts pressed executives on how long the company would have to sustain higher spending le

Columbia’s Q1 Yields Upside Surprise

Columbia Sportswear Company cheered investors last week when it said it expects operating margins to hit double digits for the full year following stronger than expected first quarter sales of Columbia and Sorel gear…

Columbia Reports Record Q1 Sales, Ups Guidance

Columbia Sportswear Company raised its full year outlook after reporting sales grew 13 percent in the first quarter to reach a record $479.0 million. The company said sales would have grown 17 percent if not for the negative impact of currency exchange ra

Granite Gear Celebrates Designers SGB 40 Under 40 Award

Granite Gear, manufacturer of award-winning backpacks, is proud to announce that their Senior Director of Design and Development, Michael Meyer, is a recipient of the prestigious ‘SGB 40 Under 40’ Award from Sporting Goods Business Magazine…