Retail

Raleigh owner Accell Group to cut jobs and streamline European production to “simplify operations and enhance efficiency”

Redundancies will affect Accell Group's Netherlands-based workforce, with two facilities to merge and some production relocated to Hungary and Turkey

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Orange Bikes set to continue after acquiring frame manufacturer and “streamlining” business

The beleaguered mountain bike company, which was put up for sale by administrators this week, says the move will “preserve jobs and reinforce the stability of the Orange brand”

8

Halfords’ cycling revenue falls owing to “significantly worse than anticipated” bike market, as it continues shift towards motoring services

The retailer said that cycling market volumes were 28% below pre-pandemic levels, but its revenues have increased owing to its auto services

10

Orange Bikes put up for sale and deemed “unable to continue trading” by administrators

The company has insisted that it will still continue to provide customer service, adding that “good news is on the horizon”

4

“Cycle to work schemes are sucking the lifeblood out of cycle shops”: Bike shops tell Parliamentary Committee of “need for urgent systemic change” to Cycle to Work scheme

The Association of Cycle Traders was joined by figures from Balfe's Bikes and JE James to meet with MPs, two months on from Cycle to Work provider Cyclescheme preventing retailers from charging additional fees on bikes purchased under the scheme

17

Bike industry “on the road to recovery”, new research suggests

Market intelligence agency reports new bicycle sales are forecast to climb by 12 per cent in 2024, with Brits set to buy 2.1 million bikes this year

11

Scam victims warn cyclists of component and groupset deals on Facebook Marketplace

Reports of scams targeting cyclists looking for savings online have re-emerged, with some losing hundreds of pounds

5

Chain Reaction Cycles announces closing of flagship Belfast store

The ripples of WiggleCRC entering administration continue, with the company launching an ‘everything must go’ sale at the store

5

Go Outdoors aims to resolve national shortage of cycle mechanics – by offering apprenticeships to store staff

Retailer to provide Cytech-accredited courses to staff with aim of having a mechanic in each store - however, current and former bike mechanics cite low pay and long hours as reasons for the shortages

3

Is another supply chain crisis about to hit the bike industry? Container shipping rates surge amid unrest in the Red Sea

The latest attacks by Houthi rebels along the crucial international trade route have caused the cost of shipments from Asia to Europe to soar, raising concerns for a struggling bike industry

32

Raleigh confirms redundancies and Nottingham headquarters move in “very difficult decision”

The iconic British cycling brand’s parent company also said its parts and accessories business will close and warehousing outsourced

4

Orange Bikes set to appoint administrator – weeks after folding racing team citing bike industry “uncertainty”

An update from the company said it is working with a "specialist business rescue advisory firm" to restructure the business to protect jobs in the hope of "ensuring the continuation and strength of the Orange Bikes business moving forwards"

21

WiggleCRC owed Haribo £20,000, plus millions of pounds to other cycling brands, administrator’s proposal document reveals

Figures published by the beleaguered online cycling retailer's administrator suggest £1 million was owed to two major cycling distributors, although some debts listed have now been paid

57

Government touts Frog Bikes as post-Brexit “success” story, just months on from company blaming Brexit “friction” for £500,000 losses

In February, Frog Bikes said "the day to day issues in fulfilling orders have dominated most of our trade relationships with the EU", but the bike brand has now spoken of being able to "envision expanded exports to countries like Singapore and Canada"

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“A pointless waste of time and taxpayers’ money”: Bike shop owner slams cycle lane claiming it forced him to shut down business

Sondec Cycles owner told council the “general public won’t be convinced to give up their cars” in a hilly place like Rotherham

37

Ram-raiding thieves smash through front of Watford bike shop

Orbea bike valued at £4,000 taken, with extensive damage also caused to shopfront and stock

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Discounting boosts Canyon’s sales – but squeezes profits

Company expects expects “challenging environment for the bike industry” to continue in 2024

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Wiggle making “considerable trading profit” with administrators “optimistic” over sale of business

Update filed at Companies House says trading at online retailer “has been very positive”

10

Frustration at “non-existent” customer service as Cycle Pal website disappears and no sign of orders arriving

Amid numerous reports of buyers' items not arriving, the cycling tools brand's website has closed, with customers left in the dark

3

Investigation suggests workers at Shimano’s supplier subjected to “slavery-like” exploitation

Shimano’s Malaysian supplier has been accused of physical abuse and threats, unlawful salary deductions, and unpaid suspension

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Cycling retailers demand changes to “flawed” Cycle to Work scheme that puts “business profits well ahead of cycling development”

The Association of Cycle Traders says Cyclescheme’s recent decision to prevent retailers from charging additional fees on bikes purchased under the scheme was “the straw that broke the camel’s back”

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Wiggle Chain Reaction ditches international websites to focus on UK citing “rising international air freight costs and Brexit”

Administrators of business say that it is proving “incredibly attractive” to potential buyers as sale process continues

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Cycling market downturn worse than expected, says Halfords

UK’s biggest bike retailer claims it is performing better than rivals despite challenging market; meanwhile, London and SE chain Balfe’s Bikes posts loss

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“Misleading” Wahoo Kickr Black Friday deal result of “simple human error”, company says

The deal featured the new Kickr Bike Shift and a year-long Zwift subscription – but one customer complained that the “confusing” offer was a “violation of marketing laws”

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2024 Van Rysel road bikes and kit for newly-named Decathlon AG2R La Mondiale unveiled (and the prices aren’t too outrageous)

AG2R riders will be sat atop bikes from Decathlon's in-house performance road cycling brand in 2024, and the RCR road bike in its team spec will be available in the new year for around £8.5k

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Best Cyber Monday cycling deals live blog: Vitus ZX-1 with SRAM Rival just £1999.99, Orro carbon road bike for under £1k, LifeLine turbo trainer just 15 QUID, Proviz jackets from £40, 71% off Universal Colours, 30-piece Draper Allen set for £12.49 + more

It's that time of the year again! Come check out all the best cycling bargains to be had (we may earn affiliate commission if you make purchases by clicking links to retailers on this page)

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“Would they like the shirt off my back as well?” Bike shop owners fume as Cycle to Work scheme stops retailers charging additional fees

Cyclescheme says removing “unexpected charges” will create “a more positive and fair experience” for customers, but some bike shop owners claim the change will see them lose money on Cycle to Work sales

36

“Weak demand” in Europe and US sees Giant’s profits fall by 49%, as Merida’s profits drop by 26%

The Taiwanese manufacturer says that, despite short-term challenges, demand for performance-level products “remains strong”

8

Cycloc ceases production, citing impact of Brexit on its business

Award-winning wall-mounted bike storage firm says current trading environment left it with “no choice”

41

Wiggle Chain Reaction’s sales process launched by administrators, with “considerable interest” shown by potential buyers

The sale process is expected to gather pace rapidly, as Hotlines, also owned by WiggleCRC’s parent company, has also entered administration

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