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Tag Archives: bike sales

WBIA General Assembly discusses global impact of COVID-19 on sales and production

The annual General Assembly of the World Bicycle Industry Association (WBIA) took place via videocall on 30th September, discussing the global impact of COVID-19. The General Assembly also agreed that the WBIA Secretariat will continue to be managed by the CONEBI Secretariat in 2021 and Erhard Büchel, current president of …

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Halfords forecasts H1 pre-tax profits of £55 million as cycling momentum continues

Halfords has reported continued growth in cycling, up 46% like-for-like in the five-week period to 25th September. H1 profit before tax is expected to be in excess of £55 million, as a result of the momentum in cycling and motoring products and services. The retailer’s 20-week trading update on 8th …

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Halfords sees electric bike and scooter sales up 230%

Halfords has released its trading update for the 20-week period to 21st August, with cycling like-for-like revenue up 59.1%. There was growth across all product categories, the retailer said, with an increase of 76% in Halfords’ performance cycling business, Tredz. Sales of new products were up 114% in the period, …

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Halfords sees turbo trainer sales increase by 500%

Halfords has reported a 500% increase in sales of turbo trainers since lockdown began. During the first week of lockdown, the retailer sold 15 times the number of turbo trainers compared to the same time period last year, a 1,500% increase YOY. With stock in high demand, Halfords has now …

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Shimano’s bike component sales decrease 14.6% in first half of 2020

Shimano has released its summary of financial results from 1st January to 30th June 2020. Net sales from the bike components segment decreased by 14.6% from the same period of the previous year to 122,613 million yen, and operating income decreased 19.7% to 22,963 million yen. The company said that …

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Accell Group sees ‘steep’ post-lockdown sales rebound

The Accell Group has recorded a year-on-year sales growth of 53.1% in June. This brings H1 net sales to €676.9 million, up 4.0% vs last year, despite the impact of lockdown in March and April. H1 EBIT came in at €45.1 million (excluding one-offs: €47.5 million), trailing H1 2019 levels …

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Halfords reports surge in cycling sales

Halfords has reported strong growth in cycling sales during the COVID-19 lockdown. Group sales for the 13 weeks to 3rd July were down 2.8% compared to last year and down 6.5% on a LFL basis, “significantly better” than anticipated in late-March, Halfords said, and an improvement on the 23% LFL …

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BA calls for e-bike incentives as sales “stall” in April

The Bicycle Association (BA) is calling for e-bike incentives after sales figures for April show “explosive” growth for lower-priced bikes but a “stall” in the e-bike boom. The official industry statistics on UK bike and e-bike sales under lockdown have boosted the case for e-bike purchase incentives, according to the …

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1.3 million UK consumers ‘bought a bike during COVID-19’

1.3 million UK consumers have bought a bike since the beginning of the COVID-19 crisis, data and analytics company GlobalData has said. “As much of the UK works from home – 51.0% of the working population in early June – consumers have saved on travel costs and many have found …

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Bike sales set to top £1 billion by 2023

Bike sales are set to top £1 billion by 2023, Mintel has estimated. Around 2.5 million bicycles were sold in the UK in 2019, at a value of £940 million. Following an initial boost to bike sales as a result of the lockdown, consumer spending is likely to drop as …

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