Jun
29
Interbike 2010 Exhibitor Numbers Surpass 2009
Filed Under Industry News, Interbike | Leave a Comment
Increased interest from international and returning exhibitors results in demand for more booth space
SAN JUAN CAPISTRANO, Calif. – June 28, 2010 – With just under three months until Interbike’s International Bicycle Expo 2010, Interbike today announced net-sold, square-feet exhibit space at the Sands Convention and Expo Center has surpassed the 2009 show, with only limited amount of exhibit space still available.
Exhibitors from Europe, China and Taiwan have shown increased interest in Interbike’s marketplace necessitating the expansion of all of the show’s international pavilions for 2010. In addition, the show is welcoming the return of several significant domestic brands to the expo.
“As with any trade event, Interbike has been part of the normal ebb and flow of the bike industry’s business needs, marketing plans and the economy,” said Andy Tompkins, Interbike show director. “As this year’s floorplan suggests, Interbike continues to be an important business destination on the industry calendar, and has only become a stronger venue for domestic and international brands and retailers to gather.”
All of the International Pavilions have increased their booths for Interbike 2010. The China, Italy, Japan and Taiwan areas will each have a larger presence on the show floor, featuring more international manufacturers from their respective countries.
Additionally, the rapidly diminishing available booth space at Interbike 2010 is in part due to key manufacturers, including Advanced Sports, Shimano, Specialized and SRAM, upsizing their displays.
Several brands such as Santa Cruz, Swobo, and Castelli are returning to Interbike in 2010 following time away from the show to propel their marketing and sales objectives into 2011.
“While we are still huge fans of the OutDoor Demo, indoors is really the best venue for the social part of the business,” said Scott Turner of Santa Cruz Bicycles. “What we missed while being away from the indoor Interbike for the last few years is the ability to see all our dealers, industry partners and media friends in one place at one time. We’re excited to have the three extra days in a more relaxed atmosphere to talk about bikes. We are also bringing Swobo brand along with us this year, so there’s a lot to talk about!”
In addition to its comprehensive exhibitor list, Interbike continues to meet the needs of the industry by providing open lounges, fashion shows, indoor electric bike demo track, a variety of seminars and a highly effective venue for conducting business in the bike industry.
“The convenience of convening the industry at one time and in one place is unbeatable,” Tompkins said. “Interbike will always be a cost effective and straightforward business solution for the industry.”
For more information on procuring a booth at Interbike 2010, please contact sales manager Andria Klinger at 949.226.5745 or andria.klinger@nielsen.com.
About Interbike
Interbike (a business unit of Nielsen Expositions, the parent company of the Outdoor Retailer (OR), Action Sports Retailer (ASR), Health+Fitness Business, and Fly Fishing Retailer trade shows) is a full-service trade show company that creates, markets and produces high-quality expos and educational conferences. Producers of the OutDoor Demo and Interbike International Bicycle Expo, Interbike is the leading bicycle industry business-to-business event management company, bringing together top manufacturers, retailers, industry advocates and media to conduct the business of cycling. Interbike (www.interbike.com) gathers more than 1,100 cycling-related brands and close to 23,000 total attendees annually.
The Interbike 2010 trade-only events begin with OutDoor Demo (September 20-21, 2010 in Boulder City), followed by the Interbike Expo, September 22-24 at the Sands Expo and Convention Center in Las Vegas.
Jun
28
Taiwan Bike Industry Makes 3 Year Commitment to Bikes Belong
Filed Under Advocacy, Cycling, Industry News, Interbike | Leave a Comment
Just a quick post today resulting from some the good news I just received from Bikes Belong concerning Taiwan’s bicycle Industry announcing today that they have made a three year financial commitment to support BBC’s efforts to grow cycling in the US. Good for society and good for business.
The Taiwan Bicycle Exporters Association (TBEA) has committed $50,000 per year for three years to the Bikes Belong Foundation. The investment will go toward Bikes Belong’s Bicycling Design Best Practices Project, which works to increase bicycle use in America by adapting and implementing state-of-the art international best practices in infrastructure and urban design to make bicycling safer, more comfortable and more appealing. The SRAM Cycling Fund has matched this $50,000 contribution for 2010.
Read the rest of the news release here.
May
13
Video: IMBA Public Lands Initiative launch at the BLC
Filed Under Advocacy, Cycling, Industry News, Interbike, Video | 3 Comments
Been working on this one a while. Gosh, the BLC took place almost a month ago at this point. But for those of you who have dabbled in video editing and posting online, it’s a few orders of magnitude more time and effort than just writing a blog post. Add in some still unresolved (and very frustrating) technical issues that prevented me from uploading this video in any format from any of three different computers at work (both Mac and Windows) and you have a video that’s a little past its prime in the timeliness category.
BUT, the content more than makes up for it. I’d heard going into the this morning session at the annual spring gathering of the bike industry’s leaders that there was going to be an announcement made by one of the advocacy groups. When I saw Tim Blumenthal of Bikes Belong, Jenn Dice of IMBA and then the CEO’s of the two largest US bike companies, Mike Sinyard of Specialized and John Burke of Trek, walk up onto the stage, I had a feeling it would be something big. I reached for my little Sony point-and-click digital camera that also shoots video and captured the proceedings. Who knew it would be so compelling?
If you didn’t read the coverage or were not fortunate enough to be present, here’s the background. The BLC this year hosted about 200 “heads of state” of most of the major bike manufacturers and suppliers in the United States. Pretty much a who’s who of the industry including the presidents, CEO’s, general managers, owners and/or marketing directors of companies like the two listed already, plus Shimano, SRAM, Campagnolo, Raleigh, Dorel, Performance, Scott USA, Ritchey, Giant, Haro, Crank Brothers, SIDI… you get the idea. They all gather to network, improve the business climate, discuss the state of the industry and work on areas to improve conditions for cyclists and ultimately grow sales of bikes. It’s really an amazing event and, as is the case with many conferences, the time during the meals and breaks in between sessions are some of the most beneficial and gratifying. I make it a point to find a table during the meals with no one I know to force myself to make new acquaintances and contacts. With essentially everyone in the room being a client of ours in some way, you can understand the value in attending for us.
So, apparently, in the weeks leading up the BLC, Jenn Dice from IMBA had been discussing with John Burke about some serious new challenges that they were facing on access issues. John asked what IMBA needed to mount an effective defense and he in turn committed to supporting it. He also told her to reach out to “Mike over at Specialized.” With that base of initial support from the two big guns in the industry, they decided to formally announce the new Public Lands Initiative at the BLC and to take advantage of all the assembled people with enough authority to write big checks on behalf of their corporations to try to reach the funding goals for the program.
Following the introductions and speeches by Dice, Burke and Sinyard, was an amazing sign of industry solidarity, belief in the role of advocacy in growing the industry and more than a little peer pressure. While many companies committed right there on the spot, many more joined in throughout the rest of the day and the conference (after a quick call to their CFO back home, perhaps?), and the $300,000 first year goal was surpassed and approached the two-year $600,000 goal finishing up at $587,000. Pretty amazing.
The quality of the video is not great as a result of the device and the indoor lighting and sound, but the spirit is inspiring. I caught a number of companies making their on-the-spot pledges of support and tried to note them all during the video. I added the complete list of 38 companies (including us, of course!) at the end. And remember, it’s not too late to email Jenn and make a pledge if your company hasn’t already. Retailers: note in the video that your peers at Wheel & Sprocket and Performance join in with support in the video so don’t feel like this is only a supplier issue!
Here’s a link to IMBA’s official news release about the initiative.
Apr
12
Show director’s thoughts on Taipei Cycle Show trip
Filed Under Deep Thoughts, Industry News, Interbike | 2 Comments
I’m still getting back into the swing of things after my first business trip to Asia, specifically to visit Taipei Cycle Show (March 17-19, 2010). I was very impressed by the hospitality and efficiency of the Taiwanese, and can clearly see why they have become such a major part of the bicycle industry.
And while I was there I felt like a celebrity – because the subject of Interbike came up a few times. As a matter of fact, the Interbike show was referenced specifically by Taiwan Bicycle Exporters Association (TBEA) Chairman Ying-Ming Yang who declared Taipei Cycle was set to take overtake Interbike as the world’s number two show (Link to release).
A few people have asked ‘is this true?’ or ‘how do you feel about that?’ so I wanted to take a few moments to examine this statement.
My first reaction is of course is to congratulate TAITRA and Mr. Yang on a well-run, dynamic show and for attracting record attendance. That is no small feat given the economic environment we are all facing. Looking through all of TAITRA’s releases and post show statements, I’m not sure which specific metric, other than pure booth and exhibitor numbers, Taipei is citing to make claims on its world ranking. A show’s size doesn’t necessarily dictate its ultimate power, importance and strength.
As Bicycle Retailer and Industry News stated in its show wrap-up coverage, it’s hard to judge which numbers a trade show is citing when it talks about growth – total attendance, retail, consumer, or buying power. All of these factors play into what determines a healthy and successful show for the industry and the markets it serves.
More to the point, both Taipei and Interbike are both unique parts of a very efficient global trade show cycle, which also includes Eurobike and many other shows, and are designed to serve the production, buying and selling needs of an entire planet. Very few markets can boast they have arrived at such an efficient model.
Interbike is the predominant show servicing the North and South American markets. While these economic centers have been hard hit by the recent downturn, they are emerging from this period stronger and the cycling markets stand to benefit as a result of increased economic activity. These markets represent significant potential for growth in the next five to ten years as more consumers look toward to cycling as a means to facilitate transportation, lifestyle and recreation. Interbike will continue to serve as the primary means to interact and influence these key buying sectors.
In the trade show season cycle, the Taipei Cycle Show is predominately a product managers and importers/distributors’ show. Bicycle product and purchase managers attend the show to see what’s new from Taiwanese component and frame manufacturers to make their spec’ing decisions for the next model year’s product lines. After they have nailed down their product lines the next step is for them to show their new products to retailers, and that’s where the next phase of the trade show season/buying cycle kicks in with Interbike, Eurobike and other national or regional shows.
The success of the 2010 Taipei Cycle means that bike exports are on the rise, which will ultimately benefit the North / South American market which Interbike serves. As many U.S. managers and I discussed, we hope a good deal of the 4.3 million units shipped from Taiwan for an average price point of $290.54 in 2009 (which is expected to grow by double digits in 2010) will ultimately translate to strong sales and margins on sales floors all across North and South America.
So once again, congratulations to TAITRA on an amazing Taipei Cycle. We should all be excited that the first trade show leg of 2010 was a huge success, because that momentum should carry over to the industry as a whole. Regardless of the trade show, the goal is to provide the best show experience and the best business opportunity for exhibitors, retailers, bicycle advocates and the media. At the end of the day Interbike, big, small or somewhere in between, will provide a unique and powerful buying opportunity for the markets it serves.
Andy Tompkins is the VP/Show director of Interbike.
Mar
4
Specialized expands, stays in Salt Lake City
Filed Under Exhibitor News, Industry News, Interbike | 1 Comment
Newspaper business section mentions of bike industry companies make me happy. They show that the bicycle is having a noticeable impact on the economy and people’s lives. And like a few people commented (over on the Facebook cross-posting) on the post about the economic impact of bikes on the state of Wisconsin, money talks and makes even people who are apathetic about bikes pay attention.
The Salt Lake Tribune’s business section contains a story today about Specialized’s decision to remain–and expand their facility–in SLC when their original 10 year lease expired not too long ago.
Specialized first located their western distribution center on the west side of SLC back in 1999 and have been very pleased with what the state has offered them and their employees. This seems to be in line with what we’ve seen from many other cycling and outdoor recreation companies over the last ten years that have chosen to relocate or open DC’s in the SLC-Ogden area of Utah. Quality Bike Products (QBP) is a recent notable example from the bike industry, having chosen Ogden as the location for the new warehouse they plan to build.
In addition to the logistical benefits of SLC, Kim Petersen, Specialized’s corporate distribution manager is quoted in the article as saying:
“The icing on the cake is that Utah is a fantastic place to live and raise a family, with unlimited outdoor recreation possibilities. There’s also a great population of cyclists here. Specialized believes in cycling and the future of the sport and believes things will recover here. So we decided to make the investment and set up a new lease for a building with expansion capabilities.”
The photo above shows Specialized-SLC employees’ bikes racked in the warehouse. Just like their counterparts in Morgan Hill, California, lunch time rides seem to be a regular part of the workday. That’s great to hear, but I’m guessing that the weather in Morgan Hill is a tad more pleasant this time of year for those rides…
“There’s also a great population
of cyclists here,” he added. “Specialized believes in cycling and the future of the sport and believes things will recover here. So we decided to make the investment and set up a new lease for a building with expansion capabilities.”
Feb
9
1.5 Billion Reasons Cycling is Important to Wisconsin
Filed Under Cycling, Industry News, Interbike | 2 Comments
Graduate students at the University of Wisconsin-Madison’s Nelson Institute for Environmental Studies concluded in a recent study that the annual impact of recreational cycling on the state’s economy is $1.5 billion. For a state that is the home to influential bike industry companies such as Trek Bicycles, Pacific Bicycle, Saris and Planet Bike, this shouldn’t be surprising.
Aside from the impressive number reached, I believe that the importance of this research is that it is a rare analysis of the role that cycling plays in a region’s economy. If we can’t win the argument for cycling with some skeptics based on all the well known benefits of the activity itself, then maybe we can win on its economic significance. And with the state of unemployment, currently, in the US, the figure below from the report has particular value:
In all, bicycling supports an estimated 13,193 jobs in the state.
I married into a family with strong ties to Wisconsin and am very familiar with “God’s Country,” as they lovingly refer to it. It truly is a beautiful place to ride a bike, and non-residents who spend over 6.4 million days a year cycling in WI seem to agree. I bring this point up to emphasize that this report focuses on the impact from recreational cycling, though it does seem to touch on the benefits of replacing short car trips with the bicycle. The report also includes some recommendations to increase bicycle use.
Another interesting figure from the report that will appeal to industry members is that the report quotes the “economic impact of manufacturing, sales, & services” to equal just under $594 million. Considering that that amount includes Trek’s, Pacific’s and all other manufacturers’ business plus the sales of all of the state’s bicycle retailers, does that sound small to anyone or is it about right? I’m curious because the only real reference I have for Trek’s sales would be to compare them to Specialized’s. Back in 2008, an article and video interview with Specialized’s Mike Sinyard on the CNN Money website mentioned that he had grown the company he began in an eight foot wide trailer into a $500 million a year business. I would assume Trek to be very similar in size if not a bit larger in sales than them. And Pacific is no slouch themselves in the sales department, so I would arrive at a noticeably larger total figure guesstimate. Am I wrong?
And in closing, lest you think that all is rosy for cyclists in Wisconsin, if you read the comments section of any of the articles written about the study in the state’s newspaper sites, you’ll see the typical anti-bike attitude we all seem to encounter, unfortunately, whenever bikes are described in a positive way.
You can read the full report here on the Bicycle Federation of Wisconsin website in PDF format.
Feb
3
Retailers: Why aren’t you a Google Favorite Place?
Filed Under Attendee News, Industry News, Interbike | 6 Comments
As a retailer, you’ve no doubt come across the name Yelp. If you are a retailer that is very active online, then you are very familiar with the consumer reviews website. You’ve possibly even developed a mild love-hate-frustrated-pull-you-hair-out relationship with the site and its contributors*. Heck, even retailers who are not active online without even so much as a token website for their businesses (yes, they still exist) probably have presences on Yelp. In lieu of your own website or activity in any of the online social communities, sites like Yelp become your de facto online brand. To trot out the old reasoning to get active and establish your online brand, the conversation about you is happening – the only question is whether you are a part of that conversation.
That conversation is about to get a bit louder with Google’s recent entry into the Yelp territory. Aside from the obvious impact that Yelp has on the brands that are discussed on their site, Yelp’s business model has proven to be very lucrative. And Google wants a piece of it.
In typical Google fashion, they are adding their own innovative touch to an existing concept with their Google Place Pages and even newer Favorite Places services. Just the search market share that Google commands alone gives pause for concern. Just envision all those searches for bikes and accessories that begin on Google and end up on a Google Maps page with a list of local retailers down the left side – each one with a 1-5 star rating and list of reviews from customers.
With all the talk about the impact that social media sites like Twitter and Facebook have on businesses, you may want to consider that managing and monitoring your online presence on services like Google Maps and Yelp are arguably even more important to a brick-and-mortar retailer.
Recently Google launched Favorite Places, a service that seeks to further highlight popular local businesses and help promote its existing Places service. In the announcement, Google said that they have “identified over 100,000 businesses in the U.S. as “Favorite Places on Google” based on Google users’ interaction with local business listings,” and will be sending out special decals for placement in the storefront windows. This physical element of an online service is nothing new as Yelp provides similar labels to businesses, but Google is taking it to the next level by adding QRCodes to each that allow people to scan them with an appropriate smart phone and instantly access all the information available about that business. You may have noticed QR or similar codes appearing more frequently lately such as this one:
These codes are becoming increasingly popular, although much more slowly than in places like Japan where they appear everywhere as easy ways to get more information via your cell phone or mobile device. I worked for a Japanese company in the past and all of their business cards now have small codes on them that contain contact information. Here’s a link to an QR Code generator if you’d like to play around with them (like I did above).
Curiosity piqued, I tried searching to see if any bike shops are listed as a favorite place. Unfortunately, only one popped up. The lucky (and popular) shop is Coventry Cycle Works in (of course) Portland, Oregon.
Such local consumer review and popularity services are only going to become more popular and prevalent and a bigger influence on your retail customers’ behavior. Add emerging sites like Foursquare and Gowalla to the list of online location-based services and trends to be aware of as a store owner. With the growing capabilities of mobile devices, look for this data to continue to guide shopping and buying decisions – even while they are standing in your store. Just remember to keep using your good old-fashioned customer service and people skills on them. That rule never changes.
If you’re a retailer reading this, have you seen the effect of these services on your business yet? Have you been active in monitoring and responding to that community?
One last thing, the first person to decode my QR Code above wins a pair of Sock Guy Interbike socks. Just right the answer in the comments below and make sure to enter your valid email address in the right spot.
* And by “contributors” we really mean your current and (very vocally) former customers, don’t we? Remember that you and your employees have had the opportunity to interact and influence each of these reviewers on Yelp. Don’t forget that every customer that walks through your door is a potentially a very influential reviewer!
Feb
1
New York Times on the Business of Electric Bikes
Filed Under Cycling, Gear, Green Efforts, Industry News, Interbike | 8 Comments
While making breakfast for the kids in the morning and preparing their lunches to take to school, I listen to the radio. More often than not, it’s set to NPR. You know: news, weather, little tidbits on what’s going on in the world while the oatmeal cooks and the eggs are boiling. Between slicing up a banana and buttering some toast, I heard the words “electric bicycles” come from the speakers. Ears perked, I moved a bit closer, but it was only a brief mention of the growing importance of electric bicycles in China, with a passing comment that while in China there are currently 120 million ebikes cruising the streets, we bought “only” 200,000 of them last year here in the States.
“Interesting,” I thought to myself and made a mental note to use it as a reason for a post here. Later, while skimming through the most popular articles area in the New York Times app on my iPhone during lunch, I saw that a piece on ebikes was in the top 10.
“An Electric Boost for Bicyclists – Born in China, Electric Bikes Gain a Toehold in the West” is the article featured in the Global Business section of the February 1 edition of the Times. Confirming the high popularity ranking, there are already 95 comments to the piece as of this writing.
The article by J. David Goodman is worth a read and features comments from some industry notables such as consultant Jay Townley and ebike expert Ed Benjamin who is quoted as saying that ebikes are a “gift from God” for bike makers. Sure seems like the industry is treating them like they are.
Proving that there’s always something left to learn, here are a few things I learned:
- Electric bicycles are not officially permitted on the streets of New York.
- While producing far fewer emissions, a typical Chinese ebike goes through five batteries in its lifetime – each containing 20 to 30 pounds of lead (!). Ouch.
- Two distinct types of bikes are emerging as their popularity grows: the very bicycle-like pedal-assist in the US and Europe and the more scooter-like variant in China.
- Government planners are seeking to address the challenges that the increase in ebikes on the streets are causing traditional cyclists: do they belong in bike lanes/paths?
And again I ask, considering that Best Buy is taking on the category, that specialty bicycle retail has a general lack of enthusiasm toward them (described here in a previous post), and that many traditional cyclists not exactly embracing the concept (according to the article), who will own the electric bike retail channel going forward?
Dec
9
Bonnie Tu: A Giant leap for women in the Times Online
Filed Under Cycling, Exhibitor News, Industry News, Interbike | Comments Off
Industry consultant Rick Vosper Twittered about this article that ran in the UK’s Times Online on Monday featuring Giant Bicycles’ Bonnie Tu. Their “Monday Manifesto” is titled “A Giant leap for women on the move. Taiwan’s godmother of the bicycle wants to end a male-dominated world” and is definitely worth a read.
Ms. Tu is the chief financial offer for Giant, the “godmother of bicycles” and a founder investor in the company along with chairman, King Liu. She has strong opinions about bikes, their role in society and specifically about bikes for women. Here’s a quote:
“To get more women on the road, we have to get them to think of these things as accessories,” she says. “Natural, everyday accessories, like handbags. All major brands claim they design specifically for women, but it’s not true. It means something when I say I’m the godmother — nobody should doubt that our women’s bikes are designed for women by women.”
Dec
2
Urban Cycle Fashion & the Cult of Transportation
Filed Under Cycling, Gear, Industry News, Interbike | Comments Off
Arrggghh! Can’t seem to get away from the urban cycling culture coverage in the media! Actually, this one hit me way back in May and, aside from bookmarking it and making a mental note to post about it, it’s just sat around gathering dust. It’s still no less relevant and intertesting to those of us in the biz, though, so here it is, finally.
Label Networks is a site that focuses on “youth culture intelligence and news” and is fairly well known in the more fashion-centric industries like those served by Interbike’s sister trade show, ASR. With that said, the bike industry’s young (in both tenure and demographic) fixie/urban category appears on their trend-spotting radar screens unlike our traditional “technical” bike apparel. Like my recent post on outdoor retailers and cycling, this is an interesting view into how this category is being exposed and explained to the non-endemic fashion community.
It’s a tad old, but still worth a read: The Urban Cycle Fashion Movement and the Cult of Transportation. The piece mentions cycling inspired apparel from Adidas, New Era and Outlier among others.
Note: Just noticed a more recent and updated version of the article from this Aug: Urban Cycling and How Fixies Are Transforming the Cult of Transportation Into a Lifestyle
As any strong movement grows, so too does a new industry, including of course the growth of bike shops in urban centers, and events such as Midnight Rides in various cities, plus art shows showcasing the creative energy of the of movement, and self-made videos and documentaries as seen during the touring Bicycle Film Festival.