Chinese Economy Forecast to Grow 10% in 2008

China's economy is expected to grow by a solid 10% in 2008, but is also experiencing its highest inflation in 11 years and that inflation is a threat to other countries, like Viet Nam, the Asian Development Bank said. ADB forecasts developing Asian e

Canada’s Dorel To Stop Reporting to SEC

Dorel Industries Inc., which owns the Cannondale and Sugoi cycling brands, will no longer disclose financial information, including it annual report, with the Securities & Exchange Commission. As a TSX-listed reporting issuer, Dorel will continue to file

Backcountry.com Enters Cycling Market

Online retailer Backcountry.com has succumbed to its inner self and begun selling high end bike gear and accessories from Shimano, Fox, Sidi, Giro, Oakley, Look, Castelli, Campagnolo, Mavic, Park, Pedros, Pearl Izumi and 60 other brands. The retailer, lau

Outdoor Prolink Picks up Slumberjack

Slumberjack has begun offering its entire product line at a discount to qualified outdoor professionals on Outdoor Prolink.com. Outdoor Prolink matches outdoor professionals, instructors and guides with leading outdoor gear manufacturers, offering a wide

Orange 21 Misses 10K Deadline

Action sports company Orange 21 said it won't be able to file its annual report on form 10K in time due to material weaknesses in its accounting processes. Annual reports generally must be filed within 60 to 90 days of the closing of a company's

InGemie Honored by Snowsports Writers

The North American Snowsports Journalists Association has chosen long-time SnowSports Industries America (SIA) president David Ingemie as the winner of its Carson White-Golden Quill Award. The award, named after the group’s first president, honors an indi

Bikes Belong, Humana Team Up to Pedal Influence

Bikes Belong is partnering with Humana to provide a fleet of 1,000 bicycles to delegates of the Democratic and Republican conventions in Denver and Minneapolis-St. Paul this summer. The cycling advocacy group, said it wants to make the bikes available for

Pelican Kicks off New Phase with Acquisition

Pelican Products, Inc. said it had acquired its Australian distributor and would begin acquiring more companies to supplement organic growth. It was the first acquisition for Pelican, which makes lighting systems and rigid cases made to protect cameras an

Win Hanverky Ties ’08 Growth to Chinese Market

Hong Kong-based apparel maker, distributor and retailer Win Hanverky is shifting its focus away from a stagnant U.S. economy and toward China in 2008. At the same time, the company will focus productivity efforts on its Vietnamese manufacturing operations

$54M Goes to Preserving Working Forests

Forest Service Chief Abigail Kimbell today announced the award of $54 million in grants today to permanently protect 35 working forests across 32 states. The Forest Legacy Program is the only federal grant program focused
on the permanent protection of im

Administration Allows

The Bush administration has declined to withdraw a controversial plan that could significantly increase the cost of importing goods, and instead urged all interested parties to file public comments by April 23, according to the Outdoor Industry Associatio

Consultant Signs up Nine New Bike Dealers

The Biking Solution, a consulting firm that works with independent bicycle dealers, has added six new members and a total of ten locations in recent weeks. The company focuses on improving the profitability and quality of life for specialty bike retailers

U.S. Firm to Distribute Flax-carbon Racing Bikes

Velocon Sports of Concord, Mass. said it has become the exclusive distributor of Museeuw Bikes flax-carbon racing bikes. Founded in Belgium by Johan Museeuw, Museeuw Bikes uses flax-carbon composites, a new patented material that adds shock absorption to

Gander to Open SoFla Store Monday

Gander Mountain said it will open a new 120,000-square-foot store off I-95 in Palm Beach Gardens, Fla. on March 31. Gander added a marine and water sports department, its new Tall Tales-Real Food restaurant and expanded lines of fishing gear for both fres