Retail

Wiggle reportedly heading towards administration due to parent company funding woes

Meanwhile, Mike Ashley’s Frasers Group identified as prime candidate to swoop for e-commerce business

Wiggle Chain Reaction owner woes continue following “unjustified” withdrawal of €150m funding commitment by parent company

The latest financial blow, which increases the uncertainty surrounding Signa Sports United’s future, comes a week after the e-commerce giant delisted its shares amid “severe liquidity and profitability challenges”

Wiggle and Chain Reaction owner facing “severe liquidity and profitability challenges” as it announces delisting of shares

The German e-commerce giant, also behind Bikester and Probikeshop, said that weaker consumer demand in the cycling sector has continued to impact its finances

New Cycle to Work ‘Flexi Voucher’ founder claims to offer “better experience for cyclists”… but existing provider says it “mimics” its own scheme and is not the “real thing”

The new scheme allows customers to spread their purchases over a year at different shops, and accused “legacy” providers such as Cyclescheme and Halfords of “profiting whilst damaging independent retailers”

Best Amazon Prime Day cycling deals live blog, day 2: Huge Altura deals including bib shorts for £24; £40 GPS computers; Big Garmin watch offers; Massive Draper tool deals; Saris Fluid2 trainer just £74.64; £30 CatEye light set, POC + Giro helmets + more

Here we go again... your one-stop shop for all the biggest Amazon Prime Day savings to be had on cycling products worth having *We may earn affiliate commission from this page*

House of Fraser is selling mid-motor Whyte e-bikes for barely a grand

An additional discount code means the brand's Coniston hybrid e-bike is available for just £1,059 including delivery

E-bike brand Cowboy records first profitable month

The brand says it's in a "strong position" to achieve profitability on a full year basis in 2024

Auto Trader expands to include e-bike listings

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

Trek reveals plan to accept used bikes and sell second-hand as part of sustainability drive, even if it “means making and selling less”

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

Cycling sales down at Halfords as retailer shifts focus to car repairs

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

VanMoof: Bankrupt e-bike brand acquired by Lavoie

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

Brexit, Covid, and economic uncertainty blamed as Wiggle Chain Reaction Cycles records £97 million loss

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

UK bike sales fall even further after dropping to lowest level in 20 years

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

Giant warns bike buyers of scam website and is working to get it removed

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

Government’s Fix Your Bike scheme hailed a success in getting more people cycling – although fewer than half of the £50 vouchers issued were actually used

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

VOLT launches e-bike subscription ownership model

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

Ribble Cycles sees “encouraging” improvement in performance after making £5 million loss in 2022

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

VanMoof back from the dead? Micromobility.com bids to take over bankrupt e-bike brand

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

Mate UK enters administration – auction of goods to be held next month

Danish brand appears to pull out of direct sales to UK

Shimano bike component sales fall by 18% as company cites “weak” demand for products

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

“If you voted for Brexit, please realise this is 90% because of your decision”: UK cycle distributor FLi ceases trading

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

153

VanMoof declared bankrupt – e-bikes remain functional for now but repairs will not be carried out

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

VanMoof stores closed as “the most funded e-bike company in the world” files for protection from creditors

Concerning times for owners of e-bikes awash with proprietary tech

VanMoof e-bike sales still ‘paused’ amid rumours it needs to raise cash

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

Rad Power Bikes to stop selling e-bikes in UK to ‘sustain competitive edge’

US firm has a reputation for making great value bikes but there have been signs it's been struggling for a while now

Halfords remains “very, very confident” about cycling market, despite overall annual profits falling by 55 percent

“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

Evans Cycles reports losses of £5.2 million

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

“Future of Planet X secured” as cycling retailer sold following fears for its future

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

Pinarello set to be sold to South African mining billionaire, reports suggest

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

Hope for Planet X as trading continues as normal and compulsory strike-off action discontinued

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