Industry News

Industry News Archive for dates of Thursday, December 20, 2018 thru Wednesday, January 2, 2019
  • Borealis Fat Bikes Reports Increased Sales and Profits in 2018 01/02/2019  bicycleretailer.com - Steve Kaczmarek, owner of Springs-based Borealis Fat Bikes announced that sales and profits in 2018 were up dramatically compared with 2017. Borealis developed new sales and marketing strategies which proved to...
  • EF Education First will race Dirty Kanza, Leadville 01/02/2019  velonews.com - Plans are coming into focus for EF Education First’s “alternative” race calendar as the team confirmed it will send riders to Dirty Kanza 200, Leadville Trail 100 MTB, as well as two...
  • SRAM reshuffle sees Day transition to Chairman and new CEO at helm 01/02/2019  cyclingindustry.news - SRAM co-founder and CEO, Stan Day, is moving to a new role in the company as Chairman of the Board of Directors, while Ken Lousberg takes over as CEO. Day has led...
  • SFIA Elects Officers, Directors For 2019 01/02/2019  sgbonline.com - Chris Clawson, former president, Life Fitness, has been re-elected as the Sports and Fitness Industry Association (SFIA) chairman of the board, while Dan Arment, president and CEO, Riddell and BRG Sports, has...
  • Toyota Grows Olympic Involvement With Six New Partnerships 01/02/2019  frntofficesport.com - Branding itself as a mobility company, Toyota is set to partner with the National Governing Bodies of six new sports for the 2020 Summer Games in Tokyo – skateboarding, surfing, wheelchair basketball,...
  • BPSA figures show slight climb in the value of bike sales 12/27/2018  bicycleretailer.com - Wholesale bike sales dipped in November, down 14% over the same month last year in dollars, and 26% in units. Year-to-date figures through November show a 4% increase in dollars and a...
  • Mindbody To Be Acquired By San Francisco-Based PE Firm For $1.9 billion 12/25/2018  sgbonline.com - Mindbody, providing technology platforms for fitness and wellness studios, announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners, an investment firm focused on software, data...
  • Amer Sports buyout has begun 12/21/2018  bicycleretailer.com - The investor group acquiring Amer Sports has begun to buy up the company's outstanding and issued shares through a voluntary recommended public cash tender. The consortium, named Mascot Bidco Oy, includes Anta...
  • Q&A: Why Mary Wittenberg made the leap from running to cycling 12/21/2018  espn.com - Former New York Road Runners CEO and New York City Marathon race director Mary Wittenberg will bring years of executive experience to her new post as president of EF Education First Pro...
  • USA Cycling hires new CEO, Rob DeMartini 12/21/2018  velonews.com - USA Cycling has hired longtime running shoe executive Rob DeMartini as its new CEO. Prior to USA Cycling, DeMartini worked with New Balance Tyson Foods and Proctor & Gamble.
  • Saris names Frehner president; co-founder Fortune shifts to CEO role 12/20/2018  bicycleretailer.com - Almost three decades after acquiring Graber Products and renaming it Saris, co-founder Chris Fortune is stepping down as president and handing the reins to COO Jeff Frehner. Fortune becomes Saris’ CEO...
  • Are you heavier or shorter than the average American? 12/20/2018  edition.cnn.com - America is struggling with an obesity epidemic, and a new government report says that the population is only getting heavier.
  • Mizuno Launches Geofencing for Mobile App Push Notifications 12/20/2018  sgbonline.com - Mizuno USA has launched an updated mobile app with a new design and new features, including geofencing technology to optimize their push notification campaigns. Consumers who have downloaded the Mizuno app and...
  • Nike crushes earnings expectations, helped by strong online sales, shares surge 12/20/2018  cnbc.com - Nike reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 7%. Earnings per share: 52 cents vs. 46 cents expected while revenue: $9.37 billion vs. $9.18 billion...

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