cycling industry Archives

cycling industry

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

British cycling clothing brand Fat Lad At The Back set to close – despite owners saying business is “doing well”

“We’re financially secure, it’s business as usual for now… we’re proud to say it’s going out on a high,” FLAB co-owner Lynn Bye said

Fri, May 02, 2025 10:59

Shimano scraps custom clothing line due to “increasing competition, shifting retailer priorities, and supply chain challenges”, leading to 13 job losses

The Japanese bike components giant also announced that it would be scaling back its regular cycling apparel range as part of organisational changes

Wed, Apr 30, 2025 13:56