Retail

Brompton CEO bemoans “bloody Brexit” for ongoing problems within bike industry

Speaking at length, Will Butler-Adams also commented on urban mobility, saying "it's not sensible to carry a human five miles in a two-tonne metal box"

“Drastic slowdown” in demand sees MIPS’ net sales slump 46% in final quarter of 2022

The helmet safety tech brand suffered a 50% drop in helmet sales as net sales dropped from £15.7 million to £8.5 million in the final portion of 2022 compared with 2021

Stolen Goat’s parent company acquires VeloVixen and Wildcat

The UK-based women’s cycling clothing brand entered liquidation at the start of January, citing “an unprecedented number of adverse forces”

UK E-bike sales slow due to cost of living crisis with lack of subsidies a barrier

Average cost of an e-bike has risen by over 25% since the start of COVID-19

Rapha undergoes refinancing operation to write off debt but says it “far outperformed” rivals in 2022

Premium cycle clothing business says debt-for-equity swap involved existing shareholders and will help reduce its cost of borrowing

The rising price of cycling — why are bikes more expensive and how is the industry coping?

Inflation, Brexit + post-pandemic problems discussed on the road.cc podcast

Specialized closes inclusive women’s cycle clothing brand Machines for Freedom

Founder Jenn Kriske says the brand “changed the game for women riders in all shapes and sizes”

Canyon reduces UK bike prices, citing better exchange rates, shipping costs and customs charges

The German brand has made permanent reductions to numerous models such as the Aeroad, Grail and Ultimate, telling road.cc it has "...been able to reduce the cost of importing bikes to the UK" and pass on the savings

“It is very difficult to be positive”: Brexit lost Cycloc 25% of sales, founder reveals

The London-based wall-mounted bike storage manufacturer attracted 50% of its business from the EU pre-Brexit and has been left with a £100,000 hole in revenues

Ratings agency downgrades Wahoo, warning company’s finances are “unsustainable”

S&P Global Ratings says smart trainer brand may default on debt in coming months

End of the road for Milltag as cycling clothing brand enters voluntary liquidation

The brand was known for its striking use of graphics and collaborations with figures from music, the arts and beyond

Specialized slashes jobs in latest sign of cycle industry downturn

US bike brand follows companies including Strava and Wahoo in laying off workers

Halfords says cycling market is down 20 per cent year on year

Cost-of-living crisis bites as consumers shy away from high-ticket, discretionary purchases, says retailer

Women’s cycling clothing brand VeloVixen enters liquidation

“An unprecedented number of adverse forces”, including the cost of living crisis and changing customer behaviour, contributed to the British brand’s demise, says co-founders Liz and Phil Bingham

Sales soar at Brompton – but profits down as company warns of tension over Taiwan

Folding bike firm says geopolitical factors plus higher staffing and raw materials costs and supply chain pressures are hitting its bottom line

IKEA’s solar powered e-cargo bike delivery trial was a success

SunRider trike can carry 90 per cent of retailer’s products

Giant postpones payments to suppliers due to falling demand, rising inventory levels, and market “headwinds”

“We still believe the future of the cycling market continues to be bright,” says the Taiwanese manufacturer, as Merida insists its cash flow remains normal

Specialized ends contracts for paid ambassadors

The US-based ambassadors say the brand is axing the ambassador programme altogether

Canyon aims to convert motorists with ‘cycling SUV’ and cargo bikes

"If you live in a city and want to get from A to B, you don’t need a car"

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Rapha boss steps down, joint managing directors appointed

William Kim leaves cycling clothing firm after 12 months in charge

Giant sales up 14% compared to last year but shortage of high-end products remains

Giant Group's first three quarter net sales totalled $2.2 billion even with market demand "cooling"

Raleigh to open experience centre in Nottingham showcasing past, present and future of iconic brand

Site on Maid Marian Way will highlight history of company as well as its current range, and provide hub for local community and schools

Peloton’s UK subsidiary posts £81m loss despite booming lockdown sales

News comes in a month in which brand’s CEO backtracked from comments that business had six months to save itself

Shimano says demand for bikes still higher than pre-pandemic despite “signs of cooling down”

Shimano's net sales increased 20.6% from the previous year, while its analysis reported high-end bikes are still in short supply and entry-level ones are now plentiful

Bowman Cycles returns under new ownership

The British bike company was liquidated in January after what the then-owner described as a “absolute clusterf**k” of supply chain issues

Oil giant Shell to make e-bikes as well as e-scooters – or at least their name will be on them

Firm says it needs to “implement a mosaic of solutions” to lower its carbon emissions

Mate Bike prosecuted for its 750W 20mph e-bikes and told to issue recall

Manufacturer pleaded guilty after arguing vehicles were intended for off-road use

Halfords fined for sending 500,000 unwanted Fix Your Bike scheme marketing emails

"Halfords is a household name and we expect companies like them to know and act better": Information Commissioner's Office concluded, fining retailer £30,000