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bike industry

Halfords barrier logo 3×2 (copyright Simon MacMichael)

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

Fri, Oct 25, 2024 12:36
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Raleigh Mustang Elite – down tube.jpg

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

Mon, Oct 07, 2024 17:05
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2024 Boardman ADV 9.6 carbon

“The premium sector is the fastest-growing part of the cycling market”: Halfords to double the amount of bikes in its range priced over £1,000

The new bigger Halfords bike range will feature models from Carrera, Boardman and Voodoo, with prices up to £3,800

Thu, Sep 19, 2024 15:51
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Prices slashed across bike industry summer clearance sales

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

Wed, Aug 21, 2024 14:14
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2024 Giant TCR Advanced Pro 1 105 Di2 – downtube.jpg

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

Tue, Aug 13, 2024 12:30
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New Raleigh headquarters at Durban House, Eastwood

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

Mon, Aug 12, 2024 17:10
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Rapha Clubhouse London (copyright Simon MacMichael)

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”

Mon, Aug 05, 2024 14:20
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Pragmasis DIB D-Lock 190mm

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

Tue, Jul 16, 2024 15:20
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Cyclists in London brompton and lime hire bike – copyright Simon MacMichael

“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

Fri, Jul 12, 2024 14:43
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Bike shop (Credit: Manny Becerra via Unsplash)

Bike industry “ripe” for smart investment ahead of “significant” recovery from 2026, focusing on strong branding, e-bikes, and manufacturing a “higher share of the bike”, new research claims

“After a turbulent few years, the bike industry is set to stabilise and make a gradual recovery, with significant upside in the medium to long term”

Sat, Jul 06, 2024 13:15
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