bike industry Archives

bike industry

Cycling Halfords’ “stand-out performer” as bike sales jump 9%, making up almost a quarter of retailer’s revenue

Halfords’ cycling sector was responsible for £208m in revenue as overall sales rose by 4% in the first half of 2025, though commentators continue to warn about weather-based “fluctuations”

Thu, Nov 27, 2025 16:49

Van der Poel and Philipsen Canyon Aeroad CFR-12

Canyon sales fall by £34m with “efficiency measures” now underway, months after parent company reduced bike brand’s valuation by 43%

Financial performance blamed on "ongoing challenging market", as investment group that owns Canyon confirms "implementation of efficiency measures" needed to get back on track

Tue, Nov 18, 2025 11:18

Rapha founder Simon Mottram becomes lead investor in independent British bike brand Quirk Cycles

London-based framebuilder targeting £500,000 funding round, with Mottram coming on board to "help scale this vision into a modern, globally respected performance brand"

Tue, Nov 18, 2025 09:41

Garmin celebrates record revenue as wearable fitness tech continues to boom

Revenue up 14 per cent on last year as CEO hails "strong" financial results "reflecting the strength of our unique, diversified business model"

Thu, Oct 30, 2025 09:37

2022 Dauphine – Ineos Grenadiers Pinarello Dogma F 2

Shimano profits plummet despite modest sales growth, as components giant blames cycling industry challenges, inventory issues, and foreign exchange losses

The Japanese company’s operating income dropped by a quarter in the first nine months of 2025

Tue, Oct 28, 2025 16:00

Rapha slashes valuation by £102m amid £15m loss and eighth straight year in the red, but insists “great work being done” to turn business around

Premium cycling clothing brand has lost £35m in the past two years, with turnover dropping by £14m in 2024 — but new CEO Fran Millar insists "we know the things we need to change and we are already making bold moves in the right direction"

Mon, Oct 20, 2025 14:00

2022 Endura Womens Pro FS260-Pro SS Jersey – gripper.jpg

Endura posts £4.7m loss as Scottish cycling brand blames “continuation of challenging market conditions” year on from massive £14m loss

The latest figures mark Endura’s second successive year in the red, after three profitable years at the start of the 2020s

Thu, Oct 16, 2025 15:29

Bike manufacturer Merida changes its migrant worker policy after Giant’s imports blocked by US over forced labour allegations

Taiwan-based bike brand introduces zero-fee policy for migrant workers and insists it "strictly complies" with country's labour laws

Tue, Oct 07, 2025 09:20

“Cycle industry in a major recession”: Independent bike shop enters liquidation and claims summer heatwave saw sales plummet to off-season winter levels

Sales doubled during pandemic bike boom but yet another cycling business closes for good as demand eased and costs rose in recent years

Tue, Sep 30, 2025 15:46

Cycling retailer Sigma Sports halves losses to £925,000 and insists 2024 was “positive” despite cost-of-living crisis, inflation and inventory woes battering bike industry

Sigma Sports confident it is "leading premium retailer" in the bike industry but predicts "backdrop of UK's economy to remain challenging" this year

Mon, Sep 22, 2025 16:40