Month: July 1998

Garmin sales up 6 percent in Q3

OLATHE, Kan. (BRAIN) — Garmin Ltd.’s third quarter results beat Wall Street expectations, with revenue of $722 million for the period, 6 percent over the same period last year.  The company’s fitness, outdoor, marine and aviation divisions collectively grew 24 percent and made up 70 percent of total revenue; revenue from Garmin’s auto business declined 21 …

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Shimano’s bike business sales down 19 percent this year

OSAKA, Japan (BRAIN) — Shimano pointed to weak sales in Southeast Asia, Japan, China and South America as contributors to another steep decline in bike product sales. The company’s sales through the first nine months of this year were down 18.8 percent according to figures released this week. Operating income for the company’s bike-related businesses …

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POC extends sponsorship of Cannondale-Drapac team

Three-year agreement includes apparel, helmets and eyewear. PARK CITY, Utah (BRAIN) — POC will become the apparel sponsor for the Cannondale-Drapac Pro Cycling Team next year. The brand has been the team’s eyewear and helmet sponsor since 2004. “We are excited about the future and building on our partnership with the Cannondale-Drapac Pro Cycling Team, especially …

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Two cruiser crusaders launch custom cruiser company

HUNTINGTON BEACH, Calif. (BRAIN)—Two men long known among Southern California fans of custom beach cruisers have joined forces to launch B&H Retired Cycles and will offer dealers a line they call HB Cruisers. Robert Belyea, creator of the original “stretch” cruiser, and Gary Hoisington, a long-time custom cruiser and chopper designer, will take their combined …

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Stages Cycling hires Dan Knisely as sales director for the Americas

BOULDER, Colo. (BRAIN) — Stages Cycling has hired Dan Knisely as sales director for the Americas. Knisely will start with Stages Cycling in the beginning of November and will be replacing Will Grossman, who has been promoted and will transfer to Stage’s indoor and commercial cycling business. “Dan is the consummate sales professional,” said Bernie Doering, …

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KHS Bicycles launches industry purchase program for Bryton GPS computers

RANCHO DOMINGUEZ, Calif. (BRAIN) — KHS Bicycles, the exclusive United States distributor of Bryton GPS cycling computers, has just launched an employee purchase program for all U.S. bicycle industry employees. “We’re very excited to be working with Bryton on this program,” said Wayne D. Gray, KHS’s vice president of marketing. “This will be a great way …

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