Retail

Automotive marketplace site welcomes e-mobility with option to buy e-bikes

Trek's Sustainability Report outlines the brand's commitment to a more sustainable future, calls for "scepticism" about companies' net-zero pledges, and commits to ending use of carbon offsets to calculate its carbon footprint

The retailer said its cycling sales had been "adversely affected by unfavourable weather and low consumer confidence"

Sale to e-mobility company should end uncertainty for existing owners of VanMoof e-bikes

Overall revenue for the group, which was bought by German retailer Signa Sports United in 2021, also fell by 30 percent to £252 million

More bad news for the bike industry as the Bicycle Association's mid-year report suggests sales have dropped again

The bike brand said it "can't be sure that no consumer has been affected" by the scam

Findings come from independent report into initiative launched at height of coronavirus pandemic to get unused bikes back on the road

Working in conjunction with Blike, you can now pay more flexibly to own a VOLT e-bike

The Preston-based bike retailer cited supply chain disruption and lead time uncertainty post-pandemic and Brexit as reasons behind its "challenging" year, and has restructured while taking on additional funding from investors

The Dutch e-bike brand was declared bankrupt on July 17

The Japanese brand’s profit is also down by 40%, following a record year in 2022

“I’m done with the red tape and the barriers to trade,” FLi Distribution’s director Colin Williams said

“The most funded e-bike company in the world” now looking for a buyer

Firm says that “proactively pausing” sales provides an “opportunity to catch up on delivery and production”

“Cycling still hits the sweet spot in terms of climate change… We still think it’s the right place to be,” says the retailer’s chief executive Graham Stapleton

Director Adedotun Adegoke says management still believes the company "performed strongly" and pointed to "well-publicised supply chain issues"

The jobs of all 33 employees at the Rotherham-based retailer have been secured following its sale according to Planet X

Former Glencore CEO Ivan Glasenberg is in the final stages of acquiring an 80 percent stake in the iconic Italian brand, according to sources close to the company

The latest update at Companies House comes less than a week after a company director applied for a Notice of Intention to appoint an administrator

Amid rumours of redundancies and financial troubles, a Planet X director applied for a Notice of Intention to appoint an administrator on 1st June

"Selling more of the bikes now without addressing customers who have had to wait too long is not more important than doing the right thing in looking after our existing customers affected by the delays"

The Trade Remedies Authority will determine whether dumping would be likely to continue or recur if the measures were no longer applied

Ashley's high street sports empire already counts Evans Cycles and Sports Direct in its portfolio

The Livingston-based distributor’s troubles follow the demise of competitor Moore Large in March

The company’s “successful recapitalisation” comes a month after its credit rating was lowered by two leading agencies amid missed debt service payments