Tag Archives: sales

Wiggle reports 138% increase in bike sales

Wiggle has reported an uplift in sales across its fitness categories, including a 138% increase in bike sales year-on-year. The data has revealed that consumers may be considering swapping their public transport commute to work for cycling as a healthier, socially distanced option, with Wiggle seeing interest in bikes increasing …

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Shimano sees rise in bike component sales for 2020

Shimano has reported an increase in sales for the fiscal year 2020, with net sales increasing 4.1% from the previous year. Net sales from the bicycle components segment increased 2.7% from the previous year to 297,777 million yen, and operating income increased by 18.4% to 68,494 million yen, the company …

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Restrap increases global distribution following sales growth

Restrap has secured a number of new exclusive distribution partnerships, after seeing sales growth of over 300% across all categories. “We know the concept of bike packing is new to the market in many countries,” said international sales director Edward Kingston, “but there is an established MTB and road cycling …

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HNF Nicolai reports 100% sales growth during 2020

E-bike brand HNF Nicolai has reported a 103% growth in sales during the 2020 calendar year, compared with the previous 12 months. Michael Hecken, chief sales and marketing officer of HNF, said HNF and Hero International’s joint strategy of working with independent bike dealers is paying off with more than …

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Retail finance plays key role in strong sales for bike retailers

The Association of Cycle Traders (ACT) has reported an increase in both new and returning customers in December 2020 among IBDs, in comparison to 2019. The survey was part of an IRC initiative, where retail feedback is collected by a number of trade organisations for Government lobbying to the benefit …

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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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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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