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2023 Tour 21 RibbleUltra SL R Alumni Edition fork

Ribble Cycles halves losses to £2.3m as bike brand says “very positive step” result of better delivery times and restructuring

The Preston-based manufacturer says stronger supply chain performance has helped ease much-discussed delivery issues, giving customers “confidence to buy” with “robust” 2-3 week targets

Wed, Mar 13, 2024 16:39
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Halfords barrier logo 3×2 (copyright Simon MacMichael)

Halfords share price plunges 25% as retailer downgrades profit forecast amid continued weak cycling demand

The cycling giant blamed poor weather for a slow start to 2024, with cycle sales dropping eight per cent on last year's January numbers and the business's profit forecast downgraded by at least 17 per cent

Wed, Feb 28, 2024 10:05
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2023 BMC Team Machine SLR AG2R Citroen Team

BMC applies to cut hours of remaining staff due to falling demand

It is believed the Swiss-based bike brand made some staff redundant in the autumn, and is no longer in the WorldTour after Decathlon–AG2R La Mondiale moved to Van Rysel

Sat, Feb 10, 2024 08:44
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Bike shop (Credit: Manny Becerra via Unsplash)

2023 saw the worst bicycle sales in the UK since 1985, reveals Bicycle Association report

The bike industry organisation has warned a “long-term continuum of decline is likely without Government intervention”

Fri, Feb 09, 2024 15:32
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2023 Zwift hub

More redundancies at Zwift as co-CEO resigns, but company insists “business is healthy” and “our community is growing”

Layoffs come 10 months on from Zwift cutting its workforce by 15 per cent, the latest redundancies coming as the company says it "remains a healthy, global business with a passionate community"

Tue, Feb 06, 2024 09:23
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Pedal Me bike

Cargo bike delivery company Pedal Me goes into administration after failing to reach agreement with HMRC over debts

The e-cargo bike company said that shareholders have managed to buy back assets from administration, preserving jobs and offering increased liquidity

Fri, Feb 02, 2024 17:08
52
Orange RX9 – Eurobike 2013

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”

Sat, Jan 27, 2024 14:12
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halfords-store-front

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

Fri, Jan 26, 2024 17:33
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orange r9-1.jpg

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”

Fri, Jan 26, 2024 11:26
4
Local Bike Shop in London (copyright Simon MacMichael)

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

Thu, Jan 18, 2024 16:54
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