cycling industry Archives

cycling industry

“I could earn more as a Deliveroo driver”: Feather Cycles founder announces custom frame brand’s demise, citing cancelled orders and claiming “bike industry doesn’t make people rich”

“I’m super proud of what I’ve achieved. The plan is to go out on a high,” York frame builder Ricky Feather said, announcing he will build 50 more bikes before closing down in two years

Thu, Apr 03, 2025 14:09

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

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

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

Wattbike seeks investment following years of losses and falling sales, but static bike brand insists “significant improvements in financial performance” recently

Turnover dropped to £13.7m in 2023 from £32.2m in 2021, but Wattbike says sales are up 35 per cent since September and securing funding was always company's intention

Mon, Feb 10, 2025 12:56

Cycling clothing brand La Passione closes, but founder promises “new chapter”

Premium cycling apparel company stopped taking orders at the end of 2024, its founder stating the "time has come to turn the page" and "explore new opportunities"

Mon, Feb 03, 2025 15:14

Boost to cycling sales sees Halfords upgrade profit expectation

UK's biggest cycle retailer celebrates strong end to 2024, with sales growth of 13 per cent led by cycling

Tue, Jan 28, 2025 10:03