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bike industry

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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2024 Colnago C68 carbon bike factory rows of frames

Bike industry told to “survive until 2025” as cycling market report says overstock issues “might be resolved” next year

The report also found that employment within the cycling industry fell by 5.5 per cent across Europe between 2022 and 2023

Sat, Jun 29, 2024 19:16
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Mercian Cycles barber’s pole seat tube and forks

Mercian Cycles saved as four local businessmen confirm purchase of iconic bike manufacturer following liquidation

Announcing their acquisition of the longstanding Derby-based brand, which ceased trading last month, the new owners also confirmed that the company’s craftsmen will be retained

Fri, Jun 28, 2024 12:13
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halfords-store-front

Cycling market “significantly worse than expected”, Halfords warns — with “high-profile failure of Wiggle” and widespread sales evidence of “another year of decline”

The UK's largest cycling retailer predicted more pain is to come over the next 12 months and reported its profits had fallen as bike sales have dropped a third on pre-Covid levels

Thu, Jun 27, 2024 10:16
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