Retail

Shimano sales down 12% in 2024, but cycling components giant points to “signs of progress”

Manufacturer reports income in its bicycle division is down a quarter on 2023 amid ongoing inventory woes and a challenging economic picture

Halfords says new premium bike range is a hit – but cycling market remains challenging following “UK’s wettest spring since 1986”

Despite the continuing headwinds facing the cycling industry, Halfords says its “controlling the controllables” strategy is going to plan

Rapha losses almost double to £22.7m as UK turnover drops 20% amid “challenged” cycling sector, brand’s seventh consecutive year in the red

The premium cycling clothing company blamed the "ongoing turbulent and competitive" cycling industry post-Covid, decreased consumer confidence "in several key markets", and the expensive consolidation of two warehouses into a single operation for the loss

eBay’s banning private e-bike sales – but how well will it police its “eligible business sellers”?

Electrical Safety First says marketplaces should be legally obligated to take “reasonable steps” to ensure products sold via their sites are safe

“Banned” bike shop claims Shimano won’t let it inspect Hollowtech cranksets as part of “inspection and replacement” programme due to failing 100% of them

Concerns once again emerge from Shimano's handling of the situation, with confusion among bike shops about how best to deal with customer crank inspections

Brighter days ahead for bike industry? Raleigh owner reports inventory levels back to normal

Accell Group has reportedly reached an agreement to reduce its debt by €600 million

Criminal investigation into e-cargo bike manufacturer Babboe called off – but mass claim lawsuit looms large

Firm was accused of withholding details about issues with its frames

Collapse of major UK cycling distributor “huge shock” after investor pulled out of Orro Bikes deal “at the very last minute” – but hope “someone in the industry” will rescue business

“We went from waiting to sign a deal for future growth to staring into the abyss five minutes later,” a source within Orro's parent company I-ride said

Major UK cycling distributor behind Orro Bikes enters administration and ‘all staff asked to leave without September pay’

According to multiple sources, staff at Orro's parent company I-ride have not received pay for September and were asked to leave on Monday having been made redundant

Giant acquires Stages Cycling brand and assets, months after suing power meter and indoor bike company for £16 million

The bike brand, which manufactured several Stages products before the US-based company ceased operations in April, said the acquisition “enhances our capabilities in both indoor and outdoor cycling”

Leisure Lakes Bikes sale slashes Santa Cruz MTBs by 53%

Is this the sale to end all sales?

100+ bike shops pledge to sell and repair only UK legal and safety-checked e-bikes

The E-Bike Positive campaign is aiming to help people identify high-quality, legal e-bike products

Evans Cycles set to open two new stores as brand aims to become “go-to destination for cycling”, just weeks after reporting £22.8m loss and slashing bike prices in 70% sale

The cycling retailer is set to open a new 3,300 sq ft store in Bristol, complete with service centre and 150-bike showroom, on Friday, before opening another new shop in Sheffield attached to Frasers Group’s flagship department store

Peloton set to charge customers £70 for using second-hand bikes, as brand’s sales finally rise by 0.2%, prompting shares to surge months after large-scale redundancies and restructuring

The American fitness company, whose sales have plummeted since the Covid pandemic, has reported its first sales increase since early 2022

Sale: Save big with Muc-off’s 30% off discount deals

No dirty bike excuses with Muc-Off’s 30th anniversary discounts.

Huge discounts spotted as bike and cycling clothing prices slashed in summer clearance sales at Wiggle, Trek, Rapha, Evans Cycles and more

A great time to find a bargain? Host of cycling brands cut prices by up to 80% across kit, tech, components and bikes

GO Outdoors slashes bike prices by over 50 per cent

GO Outdoors members can save £100s on a brand new mountain bike.

Giant’s profits slashed by 17% and sales down 13% for first half of 2024 – but company expects “gradual” improvement as inventory levels return to normal

This latest financial report marks an improvement of sorts for the world’s biggest bike manufacturer after a troubling first quarter saw profits slump by 38 per cent

Raleigh relocates to historic Nottinghamshire site as iconic British brand promises “ambitious plans” for future growth, months after job cuts and move away from previous headquarters

“Raleigh’s rich heritage is deeply intertwined with Eastwood, making it essential for us to stay connected to our local roots,” the company said as it announced its move to Durban House

Evans Cycles blames “supply chain issues” for £22.8m loss, as 70% sale sees bike prices slashed online

The accounts are for the financial year before the purchase of Wiggle Chain Reaction and suggest Evans was hit hard during the bike industry's struggles, the loss significantly worse than the £5m reported a year earlier

‘Are e-bikes safe?’ now a more common question from the public than whether they’re ‘cheating’ according to retailers

Energise E-bikes says it will not work on DIY e-bikes, or any e-bike that has been modified or tampered with

Former Ineos Grenadiers boss Fran Millar joins Rapha as CEO in “significant milestone” for British brand

Millar’s appointment comes three months after the company closed its US office, amid annual losses of £12 million, while her exit from the Ineos group was announced less than a week after Dan Bigham criticised the British team’s “lack of clarity”

Shimano sales fall by 21% in first half of 2024 – but components giant says key European market remains “firm” despite serious delivery problems

While the latest report is more positive than the company’s previous forecast, Shimano says “the outlook will remain uncertain” due to high inventory levels and unfavourable weather conditions

Yee-haw! You can now lease Cowboy e-bikes from Blike’s subscription service

The brand has also announced an update to its AdaptivePower technology for better hill climbing power and less battery usage

Raleigh uncertainty eased as bicycle manufacturer’s warning notice discontinued by Companies House

Late financial accounts meant the iconic bike brand — which has made redundancies in recent times — risked being struck off the register, a late filing that has seemingly been addressed as parent company Accell took the blame

Islabikes launches spare parts website, as founder returns as “100%” owner “motivated by idea of keeping all Islabikes we sold over 18 years in circulation”

"Every time I pack a part and send it out I enjoy the thought that it is keeping a bike in use," returning owner Isla Rowntree commented, nine months on from the much-loved children's bike manufacturer ceasing production

Pragmasis to wind down production of bike locks after “finding times hard” amid Brexit, Covid and “cost-of-living crisis combined with Ukraine situation”

Company founder Steve Briggs reported the business has been struggling "for a long time" and welcomed further applications from "established businesses" over "possible licensing opportunities" to keep the well-respected locks in production beyond October

VanMoof offering £850 discount to riders who paid for e-bikes they never received when firm went bankrupt

The 'new VanMoof' says pre-bankruptcy customers may be eligible for the discount if they couldn't claim back their money via their bank or payment provider

“This winter we will see more businesses go bust for sure”: Brompton boss warns bike industry woes not over yet

Will Butler-Adams said manufacturers and retailers remain at risk, the folding bike brand bucking the industry trend and posting profits up a third in its most recent financial report

Shimano hit by delivery problems across Europe as brand admits “serious” logistical challenges, longer lead times and “lower service quality”

Issues concern warehousing and distribution which Shimano outsourced to Kuehne + Nagel last year, the components giant not holding back when identifying "problems" and the need for the logistics provider to "improve service levels"