markets

Toys ’R’ Us bankruptcy pummels Dorel Sports’ first quarter

Weather also slowed the start to bike sales in spring, company says.

Shimano bike component sales nearly flat in first quarter

Net sales in the bike division were down 0.9 percent in Q1. OSAKA, Japan (BRAIN) — Shimano’s bike-related sales were down 0.9 percent in the first quarter compared with the same period last year, while operating income in the segment was down 3.2 percent. Recording sales that were almost equal to the first quarter of last year is nothing to crow about: The first quarter of 2016 was devastating for much of the bike industry, and  Shimano’s bike-related sales in Q1 last year were down 20 percent from 2015 .  The company said the European and U.S.

Cosmic Sports to distribute Nutcase Helmets in Germany and Austria

PORTLAND, Ore. (BRAIN) — Cosmic Sports GmbH will now handle the distribution of Nutcase Helmets in Germany and Austria. Cosmic Sports, established in 1997, also distributes Crankbrothers, Lizard Skins, Salsa, Ritchey, Garmin, SixSixOne, Chris King and other brands.

David Pruitt steps down as Performance CEO, Pat Cunnane becomes interim president

CHAPEL HILL, N.C. (BRAIN) — David Pruitt, a long-time Performance Bicycle employee who helped negotiate the retail chain’s sale to ASI, has stepped down as CEO effective this week. Pat Cunnane, ASI’s CEO, has been named Performance’s interim president.

New BRAIN issue looks at Brexit’s effects, Olympics value, and more

LAGUNA HILLS, Calif. (BRAIN) — The Brexit vote in the United Kingdom could make life difficult for U.S. bike industry suppliers who sell into the UK. Companies like Park Tool say the devaluing of the British pound makes their products more expensive there

Velofix announces bicycle delivery program

Mobile repair franchise offers to assemble and deliver bikes ordered online. VANCOUVER, British Columbia?(BRAIN) — Mobile bike repair franchiser Velofix is offering to assemble and deliver new bikes that consumers order online. Velofix, which has nearly 50 franchise operators in North America, is looking to make agreements with brands in the markets where it has franchises

The Pro’s Closet sells minority stake for $2.5 million

The eBay seller plans a national trade-in program for bike shops. BOULDER, Colo

Fred Clements: Survey reports momentum for independent businesses

Editor’s note: ? Fred Clements ?is the?vice president of the? National Bicycle Dealers Association .

Wiggle, Chain Reaction merger will create $400 million-plus e-commerce giant

LONDON (BRAIN) — U.K. e-commerce businesses Wiggle and Chain Reaction Cycle confirmed Friday that they will merge, pending regulatory approvals

Specialized adds SmartEtailing’s Supplier Sync service

CAMARILLO, Calif. (BRAIN) — Specialized Bicycle Components has joined SmartEtailing’s Supplier Sync program.