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Clothing News:

China Is Taking Over Japan’s E-Bike Market

TOKYO, Japan – Last year’s Market Report Japan reported on the already for years ongoing drops in sales of regular bicycles. The only good news was the Made in Japan e-bikes as their 2017 sales increased in numbers as well as in value. Viewing the now available January to September 2018 statistics on production and imports of bicycles and e-bikes, it shows that Japan made e-bikes are faced with rising competition out of China....


Shimano Reports ‘Robust’ 2018 Sales for Europe

OSAKA, Japan – The last Tuesday published Shimano Inc. 2018 financial report holds positive statements on the performance of the European bike market. However, Shimano is less positive on the outlook for 2019 as Brexit looms as well as rising fiscal instability in Italy....


Garmin Takes Over Tacx

SCHAFFHAUSEN, Switzerland – Last Tuesday Garmin Ltd. announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V., a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications....


Trek Appoints New European Sales Director

ZURICH, Switzerland – Trek Bicycle Europe announces the appointment of Harald Schmiedel to a newly created role as European Director of Sales. Harald will take up this role with responsibility for Trek’s sales in its European subsidiary markets with immediate effect....


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