Tag Archives: bike sales

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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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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UK cycling market set to be worth £2.2 billion by end of 2020

The BA has released a new ‘COVID Impact’ report on the UK cycling economy, covering sales from January to October 2020. This follows its publication in June of a baseline report on the UK cycling sector, which provided accurate and granular sales data for calendar years 2018 and 2019. Both …

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Bike sales forecasted to grow up to 30 million per year by 2030

Europeans are expected to buy an extra ten million bikes per year by 2030, 47% more than the annual number in 2019, a new forecast from CIE, CONEBI and ECF has shown. The 30 million per year total will take bike sales to more than twice the number of passenger …

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Silverfish sees strong summer sales, YoY growth of 21%

Silverfish has reported significant sales growth during the summer, with a 56% increase from June to October versus the same period last year. This has led to year-on-year sales growth of 21%, and has meant the company can continue “investing with confidence”, said managing director Darren Mabbott. “Whilst we are …

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Halfords sees strong cycling revenue growth in H1 as e-mobility rises 184%

Halfords has reported strong cycling revenue growth through H1, finishing at 54.4% LFL. E-mobility rose by 184% and cycle services 24%, the retailer announced in its interim results for the 26 weeks to 2nd October. The retailer saw group revenue growth of 9.6% and profit before tax of £56 million. …

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Accell Group sees sales rise 38% in last four months

The Accell Group has reported ‘very strong’ net sales from July till October, with a 38% increase versus the same period last year. This brings YTD net sales growth to 16%. Consequently, the group has revised its guidance upwards and is now expecting EBIT for 2020 to exceed prior-year EBIT. …

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Dorel Sports reports continued growth, new pandemic wave expected to impact Q4

Dorel Sports has seen its sixth consecutive quarter of revenue growth, with third-quarter revenue at $305.6 million, an increase of 22.1%. The continuing record demand for bicycles throughout the summer drove another quarter of ‘substantial’ growth at the Cycling Sports Group (CSG) and Pacific Cycle divisions. Caloi’s revenue increased in …

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Thule Group sees 52% currency-adjusted growth in Q3

The Thule Group has reported currency-adjusted growth of 52% for the third quarter of 2020. This means the group has achieved a currency-adjusted sales increase of 7% for the first nine months of the year, said CEO and president Magnus Welander. Net sales for the quarter amounted to SEK 2,436 …

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