Retail

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

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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

Swytch streamline sales strategy and draw line under previous criticism from ASA

Customers can now choose to have e-bike conversion kit delivered within either two or three months

Planet X refuses to comment on administration rumours

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

Spoon Customs suspends carbon bike production to manage backlog as cycle industry supply chain issues continue

"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"

UK government to review anti-dumping measures on e-bikes imported from China

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

Cycling retailer ProBikeKit to be bought by Mike Ashley’s Frasers Group, reports suggest

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

Bike industry turmoil continues as UK cycle distributor 2pure enters administration

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

Wahoo eliminates all debt following “significant” support from investors

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

Brompton confirms £19 million investment in first equity capital raise for 35 years

CEO Will Butler-Adams cited the "need to move faster" with "the impact of climate change being felt by us all" and the greatest carbon emissions coming from cities

Ribble Cycles hit by delayed deliveries again as customers complain of poor service

Several customers have had their delivery dates pushed without notifications and complained about poor customer service, with problems when ordering under Cycle to Work scheme also reported

E-bike sales thrive throughout Europe’s main markets – except the UK

According to 2022 sales statistics, e-bike sales volumes increased by double digits in many European countries

Peloton reports a defect in its bike seats after users report injuries, also announces ninth straight quarter of loss

This marks the fourth time the beleaguered fitness brand has identified a product defect recently, with 12 injuries, including a wrist fracture being reported this time

Ridley and Eddy Merckx parent company to invest €15m in e-bike production

The Belgian Cycling Factory is planning a roll-out of a full e-bike line by 2025

Local Bike Shop Day: Cyclists from around the country show their love for neighbourhood shops

With more than 500 retailers taking part, here are some of the people giving shoutouts to their favourite cycling shops

Shimano’s first quarter sales worse than expected despite already lowered projections

The post-pandemic crunch has now hit the world's largest bicycle component manufacturer, with the Japanese giant's income expected to shrink by more than half in 2023

Troubled waters for Wahoo? GPS and indoor training brand cites “special agreement” after missing payment deadline and getting its credit rating lowered again

The grace period for the bike tech company to make its debt payments has expired, leading to a third downgrade in a year

Pon Bike sales hit £2 billion, doubling from last year

2022 proved to be another big year for the largest bike manufacturer in the world and behind brands like Cervélo, Focus and Gazelle