cycling industry Archives

cycling industry

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

2021 Light & Motion Seca Comp 2000 front light.jpg

Bicycle lights brand closes after 35 years, citing “political winds” and “decline” of US manufacturing

Light & Motion has ceased operations after more than three decades in business, highlighting the "challenges of being a US manufacturer"

Tue, Jan 14, 2025 10:34

Is the cycling industry storm finally over? Why there may be fewer “disaster stories” in 2025 + Where did Adrian Chiles’ e-bike doc go wrong?

“It’s more tidal changes rather than a storm,” bike industry stalwart Rory Hitchens tells the road.cc Podcast, as we predict what lies ahead this year (and it’s more optimistic than you’d expect). Plus we dissect THAT Panorama special

Fri, Jan 10, 2025 19:02