cycling industry Archives

cycling industry

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

“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

“Devastating consequences”: US bike industry may not recover from Trump tariffs until end of the decade, lobby group warns

"We're pretty sober about the next four to five years," admits industry group, as bike brands warn they've "never experienced a time like today", with impact of Trump's tariffs compounding post-Covid troubles

Tue, Jul 01, 2025 10:04

Popular bike lock brand relaunches under new ownership – year after winding down due to “brutal reality” of Brexit, Covid, and cost-of-living crisis

UK-based Pragmasis says it has entered a “new and exciting era”, with flagship products such as the DIB D-Lock back in active production and new product development underway

Thu, Jun 12, 2025 14:37

Giant starts 2025 with revenue boost thanks to increased orders and high demand in Chinese market, but uncertainty lingers as April profits plunge

The Taiwanese bike manufacturer enjoyed growth in the first quarter of the year, but saw its revenue drop by 17% compared to the same month in 2024

Wed, May 14, 2025 13:29

2023 Dauphine Georg Zimmermann Cube Litening Aero 55-42T Rotor chainset- 1.jpeg

“Ongoing Trump tariff insecurity” to blame as high-end bike component brand Rotor shuts US office

The Spanish manufacturer says its North American subsidiary will close in June, thanking staff for “their professionalism in light of the difficult situation”

Thu, May 08, 2025 16:52

WyndyMilla founders save custom bike specialist and Spoon Customs from liquidation, but insist: “There is no grand plan as of yet”

Henry Furniss and Nasima Siddiqui, who sold the company in 2019, announced they have secured WyndyMilla, along with sister brands Spoon Customs and Gun Control Custom Paint

Thu, May 08, 2025 14:44

2020 Specialized S-Works Prevail II W- ANGI helmet ANGI – 1.jpg

“Leaving children unprotected”: Trump tariffs on cycle helmets spark safety concerns, as trade group calls for cycling industry exemption amid warnings of “devastating” closures and lay-offs

“The current tariffs will have devastating impacts on our industry if not adjusted in the near term,” PeopleForBikes said in an open letter they plan to send to the US president

Fri, May 02, 2025 17:55