All Bike articles – Page 6
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ArticleSigna Sports United grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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News briefsBike24 launches online shops in Italy and France
As part of its international expansion, Bike24, a German-based e-commerce bike platform listed on the stock exchange since mid-2021, has launched country-specific webshops in France and Italy, two major European cycling nations. It previously made a similar move in Spain, more than doubling its sales in the country. The company ...
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Short stops
Dec. 14 Short Stops: EFTTEX – Jaffa - New Balance - Rose Bikes - Scantrade
Management: +++ Marcus Diekmann will leave on Jan. 1 as the CEO and as one of the three join managing directors of Rose Bikes to run International Brands Company (IBC), the private label subsidiary of Peek & Cloppenburg, but he will continue as an actively available partner in ...
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Short stops
Dec. 9 Short Stops: Bianchi - Namuk –Peak Sport - Roland-Garros – SIMA – Wilson/USTA – Winter Olympics - VAT on bikes
Corporate: +++ Saying that it spends more than 3% of sales on R&D, China’s Peak Sport reported the establishment of a new sports science laboratory in Xiamen, which is working with universities and other institutions to incubate innovative ideas for sports clothing and footwear +++ Bianchi plans to build ...
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Article
Bike delivery problems sink XXL’s results
Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...
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Article
Shimano hikes guidance as bike segment soars by 30%
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid outbreaks have disrupted both manufacturing and logistics everywhere. Bike dealers’ inventories are still ...
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News briefs
Cantet leaves Private Sport Shop to run Moustache Bikes
On Jan. 1, 2022, Olivier Cantet, a 56-year-old executive with over 20 years of management experience in the outdoor and sporting goods industry who describes himself as a “leading French e-bike specialist,” will join Moustache Bikes, a ten-year-old French supplier of e-bikes, as CEO. He will leave Private Sport Shop, ...
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News briefs
Signa Sports United to launch AI-based virtual bike fitting engine
Signa Sports United (SSU), the German-based sports e-commerce platform that owns several websites for the sale of bicycles, has entered a strategic partnership with Motesque, a specialist startup for biomechanics, computer vision and AI, to launch what they claim will be the first biomechanical AI-based virtual bike fitting engine ...
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News briefs
WFSGI boosts the representation of the bike and manufacturing sectors on its board
The World Federation of the Sporting Goods Industry (WFSGI), which held its World Cycling Forum in Munich in connection with the IAA Mobility show earlier this month, has announced the election of two prominent new board members from the bicycle industry and of a new representive of Apache Footwear on ...
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Article
Peloton cuts bike price again, signals growth slowdown after Q4 loss
Peloton Interactive cut the price of its original stationary bike again and signaled that slower growth is on the horizon after posting a hefty net loss in the fourth quarter of its fiscal year. The company reported a net loss of $313.2 million for the quarter ended June 30, against ...
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ArticleBike business treats Shimano to an excellent first half of its 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
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Case StudyHow Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
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News briefs
Shimano to raise bike component capacity by 1.5 times
A few weeks ago, Shimano had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery at two factories in Japan, with an eye on increasing production capacity for bike ...
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ArticleA 13% rise in bike sales limits the Austrian sports market’s drop to 1%
Pointing to the strongly diverging business development for Austrian retailers (depending on location and product range focus), the national Association of Sporting Goods Manufacturers and Suppliers (VSSÖ) provided a first summary for the full year 2020 and the winter season Q4, 2020, and Q1, 2021. According to the association, total ...
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ArticleEurobike will move from Friedrichshafen to Frankfurt in 2022
A new and more central location, new dates, new concept – only one thing remains: the organizing team of people involved in the project. To strengthen its market position and further develop its flagship trade shows in the areas of Urban Mobility and General Aviation, Messe Friedrichshafen, organizer of the ...
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Short stops
June 15/17 Short Stops: Castore - Columbia – Decathlon - Olympics - Pulseroll – Rose Bikes - Slinger Bag – World Cycling Forum - Women’s football - World Triathlon
Management: +++ David Grutman, a Miami-based hospitality entrepreneur who is also creative director and co-owner of Prince, will act as strategic advisor for Slinger Bag Retail: +++ Rose Bikes, the German DTC brand of bicycles, plans to raise the number of its physical ...
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News briefs
Spain's Festibike cancelled for a second year
In 2021, for the second year in a row, there will be no Festibike. The annual Spanish consumer-oriented cycling-industry festival – organized by a Portuguese events company called Lastlap – was scheduled for Sept. 10-12 in Las Rozas. Also canceled are the accompanying MTB Marathon and FBK Cyclocross, which were ...
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ArticleBike and sports e-tailer Bike24 plans to go public in 2021
In September 2019, The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from a big British cycling e-commerce operator, Wiggle CRC. The private equity company had sold the continental European cycling online platform to the British industry giant in 2017, but that ...
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News briefs
Livall’s high-tech bike helmet raises over $300,000 on Indiegogo
Livall has announced that the campaign for the official launch of its EVO21 smart bike helmet on Indiegogo has now raised over $300,000 from more than 2,100 backers. The campaign debuted on Indiegogo on May 13, and Livall plans to start shipping the new helmet globally this month. The EVO21, ...
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News briefs
Funwheels replace bikes in Russia
So far in 2021, Russia has experienced a slump in bicycle sales as compared to the last year, due to a high base of comparison and the booming popularity of scooters, according to research conducted by the Yandex.Market trading platform. Russian consumers have also started to buy fewer skateboards and ...
