bike industry Archives

bike industry

“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

2023 Yoeleo G21 DB PRO Gravel Bike – seat tube bosses.jpg

Trump tariffs led to bike sales “free fall” says Chinese brand, as US imports plunge in first half of 2025

Bicycle imports to the United States fell by 25 per cent year-on-year in the first half of 2025, while China’s June shipments to the US dropped by a staggering 74 per cent

Fri, Sep 05, 2025 11:58

Is China ready to take over the cycling industry? We chat to Chinese bike brand Yoeleo about challenging the old guard, changing Western perceptions, and “pushing the limits”

As well as your usual cycling chit-chat to kick things off, Ryan sits down for a fascinating chat with Yoeleo's marketing manager about China's role in the current bike industry, and what's in store for the future

Fri, Aug 29, 2025 07:15

Bike industry on hold as uncertainty around Trump’s controversial tariffs continues

Cycling groups predicted US bike industry may not recover from "devastating consequences" of Trump tariffs until end of the decade

Tue, Aug 19, 2025 11:34

2025 Giant Defy Advanced SL 1 – riding 5.jpg

Bike industry challenges continue as Giant and Canyon profits down 66% and 30%, while Shimano downgrades 2025 outlook

Giant says inventory levels back to "healthy pre-pandemic standards" and Shimano's sales are up 12 per cent, but industry's biggest brands still face unpredictable and tricky market

Mon, Aug 11, 2025 11:50

Giant’s revenue slumps by 25% in spring after positive start to 2025, as bike brand takes £102m less than first half of last year

Revenue plummeted by a third in May and June, and by a quarter overall in Q2, leaving bike brand down 12 per cent on last year

Mon, Jul 14, 2025 10:17

“A diverse workforce is good for business”: Cycling industry group aiming to fill “gender data gap” to understand “feeling of women being underrepresented in sector” and drive real change

“We’re examining what companies are doing to attract female talent, and what challenges or barriers women may be facing in advancing their careers,” says Cycling Industries Europe

Thu, Jul 10, 2025 13:58

Evans Cycles slashes annual losses from £22.8m to £3.3m as company starts recovery from bike industry’s “well publicised supply chain issues”

The uptick in the company’s income comes despite a loss in revenue, with the Frasers Group business highlighting “operational efficiencies and tightening of costs” such as reducing physical retail space

Wed, Jul 09, 2025 09:01

Shimano set to provide extra two years’ warranty to US cyclists with defective cranks along with additional tools and training to retailers to “overhaul” its crankset recall process

The bike component giant’s North American division decided to take these steps, besides others including making a “retail assistance agent” available, as part of a settlement for the class action lawsuit filed against it

Wed, Jul 02, 2025 09:22