Business

Partnerships, acquisitions and investment news throughout the cycling industry

Bike manufacturer Salcano to build new factory following ‘record-breaking’ demand

International cycling manufacturer Salcano has confirmed plans to build a new factory in response to ‘record-breaking’ demand amid the COVID-19 pandemic. The firm’s warehouse was cleared of stock in 2020 as demand in Europe and the US soared. The new factory, in Luleburgaz in north-west Turkey, will allow Salcano to …

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Velotech Services reassures stockists on Rotor supply

Velotech Services is reassuring its stockists regarding UK Rotor supply, following recent media reports regarding low stock of parts and accessories. CEO Robin Corder said the distributor is not expecting any supply issues this year on ranges of chainsets, chainrings, power products and bottom bracket consumables. “Rotor components are manufactured …

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LEVA-EU calls for amendment to legislation ‘discriminating’ against e-bike manufacturers

Trade association LEVA-EU has called for an amendment to legislation that is said is ‘discriminating’ against e-bike manufacturers over China components. The organisation said that e-bike assemblers must pay 48.5% anti-dumping duty on essential bike components from China, even though the components are not subject to that duty as stipulated …

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2020 hits record low for retail sales growth

COVID-19 has led to 2020 being the “worst year on record” for retail sales growth, the British Retail Consortium (BRC) has said. Total sales fell by 0.3% for 2020, compared with 2019. Sales increased by 1.8% in December, on a total basis, against a growth of 0.2% in December 2019. …

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Mondraker to extend dealer direct strategy to UK after ten years with Silverfish

Mondraker is to extend its current dealer direct programme to the UK from the start of the 2022 model year, after ten years in partnership with Silverfish. “We have been operating dealer direct across many parts of Europe for some years now but excluded the UK from this strategy as …

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Halfords sees cycling growth of 35% with continued strength in e-mobility

Halfords has reported cycling LFL growth of 35.4% in its Q3 trading update, covering the 13 weeks to 1st January 2021. This was driven by continued strength in adult mechanical, e-bikes and e-scooters, despite global container shortages and port congestion impacting availability. The retailer’s performance cycling business Tredz continued to …

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BH Bikes returning to UK market with Ciclista partnership

Spanish bike producer BH Bikes is coming back to the UK through the dealer-direct business model with an emphasis on partnering with IBDs. With its bike range including MTB, road, gravel, trekking, urban and the equivalents in e-bikes, BH Bikes will implement its new strategy through UK company Ciclista, formed …

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Knaap distributor JDM Products bringing Tile bike and scooter finder to cycle stores

Knaap Bikes distributor JDM Products is opening up its portfolio of brands to cycle stores across the UK this year. The Tile brand launched five years ago on Kickstarter and now has millions of users across the UK. JDM is now launching the Tile sticker ‘thing finder’ as a Bluetooth …

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Lightspeed Supplier Network launches for North American retailers

Global omnichannel commerce platform Lightspeed has launched the Lightspeed Supplier Network for North American retailers. “The launch of the fully integrated stock ordering solution transforms supply chain management for SMBs, democratising access to the strategic inventory visibility once reserved predominantly for enterprise retail and e-commerce giants as the global COVID-19 …

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Insync sees 2020 sales increase by 200% thanks to COVID cycling boom

Insync has reported a trebling of sales during 2020 and has revealed plans to double the figure in 2021. The brand sold more than 50,000 bikes in retail in the year to November 2020, a 200% increase on the previous year. Insync’s head of business Gopal Krishan said the uptick …

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