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3/25/2024
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Mavic is Fine-Tuning Products, Adding Reps to Address U.S. Market Needs
(SGB UPDATE) Mavic has reportedly continued to develop sales and support in North America, adding reps and scheduling key events.
The company said it has embarked a steady rollout of new reps to manage the growth of retailers across the country, with new reps added in California, Nevada, Pacific Northwest, Mountain States, Southwest, Mid-Atlantic, New England, and Florida.
2/28/2024
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Frog Bikes Taps U.S. Distributor to Expand Availability of Premium Kids Bikes
(SGB UPDATE) Lightweight kid’s bike maker Frog Bikes partnered with GB Sport Distributors in the U.S. to “elevate the availability and accessibility” of the company’s brand.
“We are delighted to be appointed as the distributor of Frog Bikes in the USA,” said Richard Gamble, head of marketing at GB Sport Distributors. “The experience our children had with Frog bikes left us impressed by the Frog brand. Since our very first visit to the Frog Bikes factory, we were overwhelmed by the investment in R&D and the drive of the whole team to manufacture the very best bikes for children, prioritizing sustainability throughout the process. We are looking forward to reintroducing the Frog Bikes brand to the U.S. at our first event, the Philly Bike Expo, on March 16-17, 2024.”
2/23/2024
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EXEC: Fox Factory’s Q4 and Full Year Results Gutted by Declines in the Bike Business
(SGB UPDATE) Fox Factory Holding Corp. delivered $332.5 million in revenue in the fourth quarter, with approximately $17 million in revenue contribution from Marucci Sports.
Company CEO Mike Dennison said the fourth quarter for Fox Factory saw wins, achievements and significant headwinds with the ongoing OE challenges, which the company started seeing after Labor Day. Dennison said its view on these issues will persist into the first half 2024.
2/20/2024
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EXEC: Giant Group Reports Moderating Sales Decline in January
(SGB UPDATE) The Giant Group reported monthly revenues for January 2024 declined 17.7 percent to NT$4.79 billion, representing the third straight month of moderating declines and the smallest decline since June 2023 when company revenues declined 13.5 percent.
2/20/2024
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Jasper County to Build USA BMX Sanctioned Track
(SportsTravel) Jasper County in South Carolina has plans to build the state’s fourth USA BMX sanctioned race track after receiving a $750,000 grant from the South Carolina Department of Parks, Recreation and Tourism to purchase land for the venue.
While Jasper County has not yet begun its search for suitable land to purchase for the track, county officials intend to start the process in the near future. Track construction typically has a four-year timeline from start to finish.
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