bike industry Archives

bike industry

Wiggle and Chain Reaction owner facing “severe liquidity and profitability challenges” as it announces delisting of shares

The German e-commerce giant, also behind Bikester and Probikeshop, said that weaker consumer demand in the cycling sector has continued to impact its finances

Thu, Oct 12, 2023 12:26

Brexit, Covid, and economic uncertainty blamed as Wiggle Chain Reaction Cycles records £97 million loss

Overall revenue for the group, which was bought by German retailer Signa Sports United in 2021, also fell by 30 percent to £252 million

Fri, Sep 01, 2023 11:30

Ribble Cycles sees “encouraging” improvement in performance after making £5 million loss in 2022

The Preston-based bike retailer cited supply chain disruption and lead time uncertainty post-pandemic and Brexit as reasons behind its "challenging" year, and has restructured while taking on additional funding from investors

Sun, Aug 06, 2023 16:18

2023 Dauphine Shimano neutral support – 2.jpeg

Shimano bike component sales fall by 18% as company cites “weak” demand for products

The Japanese brand’s profit is also down by 40%, following a record year in 2022

Wed, Jul 26, 2023 13:48

“If you voted for Brexit, please realise this is 90% because of your decision”: UK cycle distributor FLi ceases trading

“I’m done with the red tape and the barriers to trade,” FLi Distribution’s director Colin Williams said

Thu, Jul 20, 2023 13:53

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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