Raliegh Bicycles is gearing up for a move into the higher-end component and bicycle market. The company is adding 800 SKUs to its catalog this year, focusing on premium components from Ritchey, FSA, Crank Brothers, Shimano, SRAM and Jagwire.
Norm Krisher, Marketing Coordinator for Raleigh, told SEW, “We are looking to boost our offering of national brands
Raleigh has always been known as more of a family value brand, wed like to ramp up the upper end.”
Raleigh isnt just adding product to their catalogue either. There will be new high end mountain and road bikes. “We are seeking to expand our line in the MTB category with full-suspension bikes carrying better OE specs and at a higher price-point,” said Krisher. “…and we have a brand new 16 pound team road bike.”
SRAM and RockShox have expanded their “BlackBox” Product Development to include BlackBoxRacing.com, which will be a showcase for their athletes and products alike.
“The BlackBox program is an investment in technology and athletes, the result is cutting-edge componentry,” said Global Marketing Manager David Zimberoff.
There are nearly 20 BlackBox products currently being raced around the world.
Jet Boil made a stir at the OR show, and its not often that a brand new company with only one start-up product can catch that much attention from a crowd of CORE users and retailers. Even competing sales reps talked about how great the Jet Boil Personal Cooking System is.
With virtually no advertising, and no “free beer” marketing hype, Dwight Aspinwall, President of Jet Boil, managed to flood his booth with buyers and media alike. “We had a very good show,” the unassuming Aspinwall told SEW, “We have some of the best reps lined up with the whole country covered. I think that helped more than anything.”
The company is doing all of its production domestically out of the White Mountains in NH. “Our vision was born out of a frustration with the state of the art. We tried to come at the task of back-country cooking from a different direction and create the simplest, fastest way to get something hot,” said Aspinwall. The cooking system they created has over twice the fuel efficiency of any other stove on the market. He said, “We have a lot of plans for the future, just nothing were willing to share… yet”
Aaron Feuerstein is still working on securing finances for his buy-back of Malden Mills and had been granted a bit of a reprieve in his efforts to secure the required funds.
He gained a little time in his attempt to secure $50 million in working capital guarantees from the US Export-Import Bank in Washington, with a final meeting with the agencys board was postponed until Monday Aug 25th from the original 8/21 date.
The guarantee would be the agencys largest ever.
On August 26th his buy-back price increases to $124 million until August 2004, $151.4 million until August 2005, and finally $158.5 million until August 2006.
The Outdoor Industry Association added some new faces to its board with the purpose of creating a better cross section of its members. “We intentionally expanded the retail presence and consciously strengthened the paddle sports and climbing sectors on the board,” said Frank Hugelmeyer, OIA president.
Lee Fromson, CEO of Cascade Designs, succeeds Steve Barker as Chairperson and lead the new executive comitee. Mike Wallenfels, vice-president of sales and marketing at Mountain Hardwear is now First Vice-chair; Jim Clark, CEO of Watermark, is Second Vice-chair; Dan Templin, CFO of the North Face, is Treasurer; and Kim Coupounas, CEO of GoLite is the new Secretary.
Coupounas told SEW, “I am eager to begin fulfilling the specific responsibilities of board secretary ” She went on to say that there were some “lofty and exciting goals for the association,” including, “doubling industry sales by 2015.”
New appointed seats go to Jeff Espy, publisher of Hooked on the Outdoors; Joan Keller, owner of Le Travel Store; Peter Metcalf, CEO of Black Diamond; and Tony Post, president & CEO of Vibram.
Joe Campisi, Malden Mills marketing VP; Brian Cousins, Cloudveil CEO; Paul Fish, Mountain Gear president; Rod Johnson, owner of Midwest Mountaineering; Mike Wallenfels, sales and marketing VP at Mountain Hardwear; and Jeff Weidman, co-owner of Rutabaga Paddlesports were all elected as voting members by the OIA constituency.
Mountain Bike Magazine no longer has its executive editor, Zapata Espinoza along with several other employees. Rodale, the publisher, is restructuring the publication after pulling it out of normal circulation last year.
Along with “Zap,” Mountain Bike's art director, Dave Pryor, and Doug Donaldson, Bicycling's associate editor were let go. Rodale says that this move, and last years re-launch of Bicycling Magazine, were at the request of its customers.
“Grow the sport of cycling. Thats what we hear from you
what our editorial team has done for Bicycling, thats what we intend to do for Mountain Bike Magazine,” said Steve Madden, Editor in Chief in a recent letter.
The two went on to say that Mountain Bike has historically “concentrated on the elite rider” to the point of excluding the masses. They attributed the 150,000-copy loss of circulation to this trend, and said, “no one is doing a good job of speaking to people in an inviting tone.”
Mountain Bike Magazine will be back on Newsstands sometime in 2004 as a bi-monthly, and upgraded publication. The voice of Zap that introduced countless riders to the world of shaved legs, anaerobic thresholds, and just having fun in the woods will be noticeably absent.