Retail

Decathlon launches bike rentals in all stores across the UK from £40 a day

What’s stopping you from getting on a bike? Decathlon’s new rental lineup features electric mountain bikes and folding bikes

11

Helmet market to grow by over $300 million globally in the next four years

Government initiatives promoting cycling and the rise in road injuries are some of the factors fuelling demand for helmets, according to a new report

31

Online cycling retailer ProBikeKit set to close

ProBikeKit's owner THG has announced the shutting down of its lifestyle division, citing it as "lossmaking"

9

Bikes and cycling accessories sold for huge discounts including road bikes for £110 as Moore Large stock auctioned

Moore Large's £35 million stockpile, including 35,000 bikes, is being auctioned by John Pye after the distributor entered liquidation earlier this month

9

Forme bikes and cycling stock worth £35 million to be auctioned following Moore Large liquidation

Moore Large's stock of around 35,000 bikes as well as £10 million worth of bike accessories will be auctioned by John Pye from Friday

13

Get your bike serviced by… Kwik Fit? Car servicing company steps into cycling

Kwik Fit announced it will be partnering with bike repair providers Fettle, initially with focus on supporting fleets using e-bikes and cargo bikes

6

Bike industry turmoil continues as Forme bikes and Lake cycling shoes distributor enters liquidation

The news comes less than a year since the distributor's board directors bought the business from the Moore family

17

‘The male, white, cycling enthusiast niche has reached its natural limit’: Cycling must address lack of diversity, says Bicycle Association

Launching its Diversity in Cycling project, the Association has urged the bike industry to change if it wants to grow and reach new customers

41

Backers of See.Sense bike tracker Kickstarter project still waiting three years on

"Maybe See.Sense has decided to turn this into a long-running joke?" says frustrated backer... but what's really going on?

31

Decathlon says it still has “progress to make” after cyclist points out that new “micro pockets” on women’s bib shorts can just about hold a cereal bar

The cyclist also noted that some men’s shorts stocked by the French retailer featured pockets big enough for phones

23

Brompton boss frustrated to be fighting “war of attrition” against rip-off rivals

"The moment you finally put it on the market, all of that innovation, all of that risk, someone comes along and says 'oh, thanks for telling me how to do it, I'm just going to rip you off'."

22

Ongoing Brexit “friction” blamed as Frog Bikes reports £500,000 losses

"The day to day issues in fulfilling orders have dominated most of our trade relationships with the EU"

26

Cycling products “back to normal levels” says Garmin president, as tech brand’s fitness division reports 71 percent profit drop

“We saw cycling products coming back to their normal levels, which we feel is very healthy,” says Cliff Pemble

1

UK bike sales fall to lowest level in 20 years

The Bicycle Association has published its Annual Market Data Report for 2022 and noted the sales slowdown since the Covid bike boom

26

Shimano’s cycling sales hit record high despite slowing demand

The company eclipsed its most successful year by 16.6 per cent, making it back-to-back years of record sales, even with demand for cycling products gradually easing off

3

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"

47

“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

15

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”

4

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

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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

10

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

3

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”

3

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

14

“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

55

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

12

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

16

Specialized slashes jobs in latest sign of cycle industry downturn

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

15

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

37

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

5

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

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