Retail

Giant joins Specialized and Trek in offering huge discounts on several of its mountain and gravel bikes

Giant slashes prices by up to £2,600 on some very cool mountain bikes and there's big saving on gravel, road and e-MTBs too

Kona Bicycles bought back by founders, month after mass job cuts as former parent company abandoned struggling bike industry

Dan Gerhard and Jake Heilbron, who founded the off-road brand in 1988, say “renewing relationships” with American and European retailers and dealers “is our highest priority”, while pausing Kona’s direct-to-consumer service

“Action must follow ambition”: Decathlon calls for more support from EU politicians for policies to make cycling easier and stop bike theft

The French bike manufacturer has made calls to implement the Cycling Declaration ahead of the European Parliament elections

Brompton profits up 35% despite bike industry’s “challenging conditions” and “war of attrition” against rip-off rivals

The number of bikes sold dipped slightly but the folding bicycle manufacturer experienced significant success further afield, exports accounting for three quarters of bicycle sales and turnover from outside the UK and Europe up 46%

Giant sales down 20% and profits slashed by 38% as bike industry challenges continue

The bicycle manufacturer blamed continued inventory troubles in Europe and North America for the slump

Fake deal-laden Giro UK website a scam, warns distributor

The authentic-looking girouk.com site is ‘offering’ deals on a range of the brand’s products – but appears to be a scam aiming to collect credit card numbers

“Criminal-level abdication of duty” – Halfords slammed over non-tightened stem bolts

Bike mechanic says customer of UK’s biggest bike retailer crashed after picking up new bike because it was not set up correctly

Peloton cuts 15% of workforce “to bring spending in line with revenue” – as CEO steps down despite “optimism” beleaguered brand is “on the right path”

The American fitness company, whose sales have plummeted since the Covid pandemic, also plans to cut back its retail presence due to weak demand

E-bikes now outselling unassisted bikes in Belgium and Germany

In the UK, the e-bike market share accounts for just 9% of volume

BMC claims “business is back on track” despite refusal of ‘short-time working compensation’ and more staff reportedly leaving the business

The Swiss bike brand had an application for local government to pick up some of the tab for its worker’s salaries refused, but says this was “all hot air” and is now hiring again, while also positioning itself as a brand with “no entry level bikes”

Trek offering up to 30% off bikes and parts in crazy April MTB sale

Huge discounts on Trek bikes, components and shoes.

Auction for bike shop stock worth £500,000, including Shimano, Specialized, Trek, Cannondale and Campagnolo products

Bidding closes next week, the stock of major Leeds retailer Life Cycles open for offers following the company entering liquidation

Rapha makes redundancies as US office closes in “realigning” of business due to “current market dynamics”

CEO Francois Convercey said Rapha would "do everything we can to support those affected" and the move would "better reflect our strategic priorities"

Giant sues Stages Cycling and recruits four top executives from the now-shutdown US power meter brand

Giant, which manufactures many products for Stages, has filed the lawsuit citing £11 million in unpaid invoices and already manufactured products valued at £5.4 million

Business booming at Colnago since Abu Dhabi investment, bike brand states — with sales “more than tripled”

The Italian bike manufacturer was sold to a UAE-based investment firm that is part of Abu Dhabi's Royal Group in 2020, Colnago saying that sales have tripled to £48 million since

Specialized slashes mountain and gravel bike prices by up to 50 per cent

Now is the best time to buy a new Specialized bike!

Shimano suffers huge fall in sales, down a quarter in first months of 2024 amid continued bike industry troubles

Despite insisting "interest in bicycles remained high as a long-term trend", Shimano reported a drop in sales of 22.6 per cent in the first quarter of the year

Kona Bicycles winding down and up for sale as parent company abandons struggling bike market

Days after staff were spotted taking the brand’s stall down at the Sea Otter Classic, extensive job cuts have been reported – though one UK distributor says they will continue to import Kona stock

Kona Bicycle’s parent company appoints new CFO amidst fears of “cost-cutting measures” after brand pulled out of major cycle show at last minute

The move comes as the company is said to “pursue new opportunities”, after removing its stall from the Sea Otter Classic show in California one day before the event

Police called to Scott Sports HQ over “dispute between managers” as corporate power struggle continues

The incident, which police say involved “nothing serious”, comes in the same week CEO Beat Zaugg refused to accept the board’s decision to dismiss him

Raleigh is offering £400 off a whole bunch of e-bikes

British brand cuts prices of some of their urban e-bike range

Cargo bike company Babboe announces replacement programme for 22,000 faulty frames after attempted cover-up of manufacturing defects

The Accell Group-owned Dutch brand has announced that all owners of the faulty models will be offered a new bike

Scott Sports embroiled in bizarre “power struggle” as sacked CEO Beat Zaugg claims he’s still in charge

Zaugg said the decision does not come from Scott’s Board of Directors, and his successor Kim Juwon would have “no idea about the European bicycle market”

Wiggle website relaunched following Frasers Group takeover (and the old orange logo is back)

Chain Reaction Cycles and Wiggle are back open for business this morning, now a cog in Mike Ashley's retail empire

Wiggle and Chain Reaction websites to be relaunched next week, as Frasers Group aims to become the “no.1 sporting goods retailer in Europe”

Mike Ashley’s group has also acquired the rights for Wiggle’s in-house ranges, including Nukeproof, Vitus Bikes, and DhB

Wiggle and Chain Reaction websites shut, with all remaining orders to be “fulfilled within 7-10 days”

One customer managed to bag 15 cycle computers at 99p each before Wiggle and Chain Reaction’s sites were replaced by holding pages yesterday, with all remaining stock and assets set to be sold by Friday

Giant predicts continued short-term “challenge” for bike industry as profits almost halved and sales down 16% last year

Taiwan-based bike brand saw pre-tax profits fall 45% in 2023, but remains "optimistic" with long-term prospects and believes e-bikes are key opportunity to "broaden global cycling population"

Final clear out as Wiggle Chain Reaction Cycles invites bids for remaining warehouse stock

The retailer, which appointed a liquidator this week, has invited interested parties to enter a sales process, with “best and final offers on the stock and assets of the business” expected by 22 March

Ribble Cycles halves losses to £2.3m as bike brand says “very positive step” result of better delivery times and restructuring

The Preston-based manufacturer says stronger supply chain performance has helped ease much-discussed delivery issues, giving customers “confidence to buy” with “robust” 2-3 week targets

Wiggle Chain Reaction parent company appoints liquidators

Latest update comes after Mike Ashley's Frasers Group, which also owns Evans Cycles and Sports Direct, reportedly bought WiggleCRC's brand and intellectual property for less than £10 million, leading to 450 job cuts