bike industry Archives

bike industry

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

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

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

Sportive organiser cites cycling industry’s “downfall” and sudden disappearance of loan offers as reasons for entering administration

Sportive HQ also claimed that it was asking for more riders to sign up just days before going bust in order to acquire more cash flow and stay afloat

Sun, Jun 09, 2024 14:23

2023 Merida Scultura Endurance 4000 – riding 3.jpg

Merida the latest bike brand to report significant slump in sales, profits down a third

Sales and profits fall at Merida, the news following fellow Taiwan-based manufacturer Giant reporting a similar slump

Tue, May 28, 2024 11:49

Mercian Cycles ceases trading and enters voluntary liquidation

The 78-year-old Derby-based bike manufacturer has appointed an agency to help with the restructuring and liquidations

Thu, May 23, 2024 09:29

2021 Giant Contend SL 1 Disc – riding 3.jpg

The current price slashing on bikes doesn’t necessarily point to a crash — it’s a return to normality

Our senior reviewer Stu Kerton has his say on the state of the bike industry as another major player gets on the discounting train

Tue, May 21, 2024 13:48

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

Mon, May 20, 2024 12:11