bike industry Archives

bike industry

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

Sat, Jun 24, 2023 15:09

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"

Fri, Jun 02, 2023 12:15

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

Tue, May 23, 2023 14:29

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

Sat, May 20, 2023 10:52

2022 Dauphine – Ineos Grenadiers Pinarello Dogma F 2

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

Thu, Apr 27, 2023 13:53

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

Tue, Mar 14, 2023 17:00

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

Sun, Feb 26, 2023 15:36

Local Bike Shop in London (copyright Simon MacMichael)

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

Tue, Feb 21, 2023 15:41

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

Thu, Jan 19, 2023 16:35

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

Sat, Jan 07, 2023 16:30