Business

Partnerships, acquisitions and investment news throughout the cycling industry

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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New Energise figures show surge in electric bike sales

Sales of electric bikes have more than doubled over the past six months, according to new figures from specialist electric bike retailer Energise. “The demand for electric bikes has multiplied over and again, and at Energise our customers say the main reason for their bike purchase is because they’re worried …

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YoY footfall for 2020 down by 43%

Total year-on-year footfall for 2020 fell by 43.4%, according to BRC-ShopperTrak data. Year-on-year UK footfall decreased by 46.1% in December, a 19.3 percentage point improvement from November when England was under lockdown. Footfall on high streets declined by 49.5% year on year. This was the worst-performing location type for the …

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BA summarises guidance on post-Brexit regulations

The Bicycle Association (BA) has published summary guidance for the wider industry in the UK and beyond of post-Brexit regulations and trade matters. The summary covers: – Product safety and standards – The UKCA mark – UK-EU deal: rules of origin for zero tariffs The guidance can be read here …

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Campagnolo suspends sales to UK through website, distribution unaffected

Campagnolo has suspended its sales to the UK through its website – but distribution has not been affected, said Chicken CycleKit. “We hereby communicate that all sales with delivery to the UK are suspended until new updates, awaiting for EU disposition in regards to the Brexit situation,” said a pop-up …

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New online platform Buyerdock searching for indie retail volunteers for trials

New digital product discovery platform Buyerdock is searching for indie retail volunteers for trials. The platform has been developed over the past two years, through discussions with retailers and sellers from the UK, Europe and the USA. During the first lockdown, funding was raised to develop the test platform. “Discovering …

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The Electric Bike Shop to open new Uckfield store tomorrow

The Electric Bike Shop is set to open its fifth store in Uckfield tomorrow, 7th January, joining showrooms in Bristol, Solihull, Stroud and Sutton Coldfield. The company has been selling electric bikes for over six years. Owner Karl Haden is assisted by operations director Sean Byrne who lives locally in …

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DIT to extend EU anti-dumping duty on bikes from China

The Department for International Trade (DIT) is to keep EU anti-dumping rules on bikes from China and several other countries. The Secretary of State for International Trade Liz Truss has determined the anti-dumping duty on bicycles and certain bicycle parts originating in the People’s Republic of China, including bicycles consigned …

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