Tag Archives: bike sales

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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Inner tubes sales ‘up 1,800%’

New data from e-commerce platform RedBrain.com has revealed what the UK has been searching for and buying during the last three months. It found that inner tubes sales were up 1,800%, searches for bicycles were up 500%, searches and sales of saddles were up 300% and bike tools sales were …

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Cowboy e-bike sales surge by 230%

Cowboy’s e-bike sales have grown by 230% from January to April 2020, compared to the same time period last year. The company also reached one million kilometres covered in April, an increase of 800% year on year. Adrien Roose, CEO, Cowboy, said: “We’ve always felt that urban mobility was due …

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Shimano reports 15% decrease in bike sales in Q1

Shimano has released its latest summary of financial results, running from 1st January 2020 to 31st March 2020. It revealed that its net sales from the bicycle components segment decreased 15.4% from the same period of the previous year to 58,868 million yen, and operating income decreased 26.1% to 10,298 …

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Raleigh sees “record-breaking” online sales

Raleigh has experienced “record-breaking” online sales over the past two weeks as consumers head online to purchase bicycles as COVID-19 lockdown continues. With the Easter Holidays only days away, Raleigh is experiencing a surge in the demand for kids bikes and kids seats for the back of their parents’ bikes. …

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