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…
Author: Charlie Lunan
RECALL: 200 Felt Cruiser Bikes
Felt Bicycles of Irvine, CA recalled about 200 of its Felt Cruiser bicycles because their brakes can fail and pose a crash hazard…
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
USA Cycling Names Wiggle Executive as Next CEO and President
USA Cycling late Thursday named Derek Bouchard-Hall, a Harvard MBA and executive at UK-based online bike dealer Wiggle, as its next CEO & President…
Mountain Khakis New Owners Say Brand Has Reached Inflection Point
The investment company that acquired Mountain Khakis last week sees no need to change the outdoor apparel brand’s growth priorities, according to an interview with one of its principals…
REI to Open Third Distribution Center Next Summer
REI announced plans to open a distribution center in Arizona in mid-2016 that will enable it to reach 20 percent more customers with two-day ground service…
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…
Shimano’s Q1 Profits Soar as Cheap Yen Boosts Sales
Shimano Inc. of Japan reported better than expect financial results for the first quarter thanks in part to the cheaper yen and brisk sales of bicycles…
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
Filson and Keen Honored by The Conservation Alliance Grantees
Filson, Juniper Ridge, and Keen have been named the winners of The Conservation Alliance Outstanding Partnership Award for 2015. The award recognizes member companies that go above and beyond in building relationships with Conservation Alliance grantees..
Turtle Fur Donates $10,000 to Nepal Earthquake Relief
Turtle Fur has made an initial donation of $10,000 to aid in relief efforts for those affected by the recent earthquakes in Nepal…
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…
Patagonia Film Illustrates Brand’s Growing Activism
Patagonia released The Fisherman’s Son, a new 30-minute film chronicling a Chilean man's struggle to preserve his favorite surfing spot, in an illustration of the brand's own broadening environmental activism…
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