bike industry Archives

bike industry

2024 Colnago C68 carbon bike factory rows of frames

Trump’s tariffs might just tip the bike industry over the edge

Aside from our little April Fools' prank yesterday, there is potentially very serious consequences for cycling if President Trump gets his way, argues George Hill

Wed, Apr 02, 2025 13:33

Cycling shoe brand Sidi reports £3m profit increase and 33% revenue growth, two years after takeover

“The positive results over 2024 are the result of Sidi’s desire to constantly innovate and improve,” the Italian brand’s CEO said, highlighting the success of Sidi’s new product range

Thu, Mar 27, 2025 15:38

“Totally blindsided”: Cuts and job losses expected at Komoot after route planning app bought by Italian tech firm infamous for mass layoffs

Komoot employees say they have been “blindsided” by Bending Spoons’ purchase, which comes after the brand introduced a new premium subscription for users to send routes to bike computers

Fri, Mar 21, 2025 15:42

Merida posts £180m loss — but insists eye-watering figure a “one-time” hit and sales are up 48% in 2025

Despite sales also rising in 2024, Taiwanese bike manufacturer's investment in Specialized, deferred tax losses, expansion of retail premises, and inventory woes blamed for "one-time impact" that it says would not be repeated

Tue, Mar 18, 2025 10:57

2024 Giant TCR Advanced Pro 0 AXS – riding 1.jpg

Giant profits plummet by 60% as inventory woes and heavy discounting bite, but bike brand confident of “recovery” in 2025

Sales dropped 7.4 per cent in 2024 but remained above pre-pandemic levels, Giant noting "reduction in demand" and inventory provision losses of £44.4 million hit business

Mon, Mar 17, 2025 11:51

Is this the UK’s worst city for cycling? Riding around Belfast’s abysmal bike network (and why drivers should be cycling campaigners’ best friends) + Do cycling culture war stories harm the bike industry?

On this week’s podcast episode, we jump on the bike for a freezing wet tour of Belfast’s, ahem, variable cycling infrastructure, and take a deep dive into the state of the industry five years on from Covid (and why anti-cycling tabloid stories don’t help)

Fri, Mar 14, 2025 20:02

UK bike sales plummet to early 1970s levels and were lower than any other year this century in 2024, reveals Bicycle Association report

While non-electric and electric bike sales fell by 4% and 5% respectively, in what the association considered to be a “challenging” market, high-end road and mountain bike sales increased

Wed, Mar 12, 2025 14:39

Garmin Edge 1050 A cycling computer that does it all

Garmin announces record revenue and $1.6 billion operating income in 2024, citing strong demand for smartwatches and other wearables

The sports and fitness tech giant enjoyed 20% and 46% increase on revenue and operating incoming over previous year, and said that it expects “continued strong momentum” in 2025

Thu, Feb 20, 2025 18:06

Tribunal orders former Scott Sports CEO to sell shares, ending bizarre “power struggle” which saw police called to HQ over “dispute between managers”

International Chamber of Commerce rules Beat Zaugg should cede his 47 per cent stake in the company to its majority owner

Mon, Feb 17, 2025 12:34

Shimano crank ‘recall’ cost £70m in 2024, as bicycle components giant’s sales drop again amid “weak” cycling market

Despite post-pandemic challenges Shimano confident "strong interest" in cycling will continue in the long-term and predicts boost to sales in 2025

Wed, Feb 12, 2025 16:43