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Industry news

Link to Giant partners with Dick’s to sell bikes in the largest US sports store
Giant bikes logo

Giant partners with Dick’s to sell bikes in the largest US sports store

The world's largest bike seller teams up with the sports store to sell entry-level mountain bikes and kids' bikes in the United States

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Link to Cycle to Work: UK government reminds disgruntled retailers scheme is 'entirely voluntary'
Bike shop representatives met with Guy Opperman MP last week

Cycle to Work: UK government reminds disgruntled retailers scheme is 'entirely voluntary'

Department for Transport apparently unmoved as minister holds latest meeting with retailers amid growing pushback against the current terms of the scheme

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Link to MP on Cycle to Work scheme: 'Corporations are raking in profits as small manufacturers and shops suffer'
Jim Potter, the shop owner, works on a wheel in front of his work stand and a 1981 Bianchi from his person collection

MP on Cycle to Work scheme: 'Corporations are raking in profits as small manufacturers and shops suffer'

Fabian Hamilton MP, co-chair of the Cycling and Walking All-Party Parliamentary Group, says the controversial scheme 'must be reformed'

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Link to Orange Bikes set to resume trading after acquisition of frame manufacturer
Orange bikes look to have secured its future with the acquisition of local frame manufacturer

Orange Bikes set to resume trading after acquisition of frame manufacturer

A streamlining of the manufacturing process and restructuring of the business looks to have secured the future of the brand

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Link to More than 500 bike shops unite against Cycle to Work scheme changes
Delegates from the Association for Cycle Traders met with MPs last week

More than 500 bike shops unite against Cycle to Work scheme changes

Industry representatives met with MPs last week to demand immediate solutions

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Link to American cycling co-op REI braced to lay off 357 staff
REI has confirmed that the job cuts will not affect retail employees

American cycling co-op REI braced to lay off 357 staff

The brand has cited a challenging year ahead with no retail employees affected by redundancies

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Link to Back in black: Mintel UK bike market report predicts a good year for the industry
2024 will be the year of recovery, according to Mintel

Back in black: Mintel UK bike market report predicts a good year for the industry

Mintel predict a 15% value growth from new bike sales, driven by higher demand for e-bikes

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Link to Eddy Merckx bikes produces retro Panasonic tribute bike in time for the Classics
The new Eddy Merckx bike pays homage to the old Panasonic team

Eddy Merckx bikes produces retro Panasonic tribute bike in time for the Classics

The brand started by the five-time Tour de France champion Eddy Merckx introduces new 'Retrosonic' line

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Link to Scott turns to parent company for a £137 million loan to improve its financial liquidity
Scott appear to be feeling the effects of the COVID bubble, struggling with high value inventory

Scott turns to parent company for a £137 million loan to improve its financial liquidity

Swiss bike brand has cited issues with overstock contributing to its weaker financial position

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Link to Chain Reaction Cycles closes flagship store
Chain Reaction Cycles' parent company Wiggle CRC entered administration last year

Chain Reaction Cycles closes flagship store

The closure follows months of financial turmoil for Wiggle CRC since they entered administration last October

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Link to GCN Tech Show: Is 2024 the year bike prices fall?
YouTube video WWWCw0m3AVw

GCN Tech Show: Is 2024 the year bike prices fall?

Have bike prices truly gotten out of hand and are there any sign of things changing?

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Link to Orange Bikes poised to appoint administrators
Orange Bikes, founded by Steve Wade and Lester Noble, could be set for administration

Orange Bikes poised to appoint administrators

Updated: The Yorkshire-based manufacturer only recently announced that its racing team would not continue in 2024

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Link to Wiggle CRC owed major cycling brands more than £26 million at start of administration
Wiggle CRC has yet to be sold

Wiggle CRC owed major cycling brands more than £26 million at start of administration

A recently published report shows the extent of money Wiggle Chain Reaction Cycles owed to suppliers, and major brands including Haribo

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Link to Worldwide shipping disruption 'very bad news' for cycling industry, according to expert
Container ships avoid Red Sea as security threat rises

Worldwide shipping disruption 'very bad news' for cycling industry, according to expert

Shipping companies are avoiding the Red Sea, meaning yet more disruption to the struggling bicycle industry

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Link to Evans Cycles expands online product range alongside new high street store openings
Evans Cycles is set to open more stores in 2024 in a joint expansion with its online catalogue

Evans Cycles expands online product range alongside new high street store openings

The UK cycling retailer is looking to grow both online and in-store offerings to customers

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