All Bike & eBike articles – Page 15
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ArticleLeatt faces stark comparison with last year’s Q1 numbers
Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...
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News briefsGiant Group and Stages Cycling cancel minority share takeover negotiations
At the beginning of the year, we reported on two ticker announcements from the Taiwan Stock Exchange (TWSE). Both concerned the listed bicycle producer Giant Manufacturing Company Ltd. (or Giant Group, including brands Cadex, Giant, Liv and Momentum). The first: That Giant Group had acquired a minority stake in US-based ...
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ArticleGiant Q1: Overstock harming sales in the West
Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...
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News briefsSalewa launches its first MTB apparel collection
Salewa has released Vento, its first-ever bike capsule collection. The South Tyrolean mountain sports brand has been known for over 85 years for its technical equipment for alpinists, climbers and mountaineers. The company is now applying its expertise in making technical weatherproof apparel to a bike wear. The new line ...
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ArticleOrbea posts seventh consecutive year of growth
Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...
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News briefsOrtlieb to display product carbon footprint for all goods
Ortlieb Sportartikel GmbH has determined and published the product carbon footprint for all of its almost 400 articles, detailing the emissions generated from sourcing raw materials through to production. On Ortlieb’s website, customers can now see how many kilometers they need to cover by bike rather than car in order ...
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News briefsFox Factory hires first chief accounting officer
Brendan Enick has joined Fox Factory Holding Corp. as its first chief accounting officer. Enick has more than 16 years of experience in the accounting industry and has held positions ranging from audit and financial reporting to corporate finance, most recently as vice president, corporate controller at Carter’s, Inc. He ...
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News briefsBenno Bikes recruits former Bergamont co-founder
Source: Benno Bikes Axel Kedenburg Benno Bikes founder and CEO Benno Baenziger has welcomed Axel “Akki” Kedenburg, another high-flyer of his generation, as European sales and marketing director for his Etility Design bike brand. In his new role, Kedenburg will be responsible for marketing, PR and dealer ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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News briefsPamela Busch returns to Sigma Sport as director of marketing
Source: Sigma Sport Pamela Busch Pamela Busch is taking over as Head of Marketing at Sigma-Elektro GmbH with immediate effect, succeeding Jennifer Leinenbach, who has left the company at her own request to pursue new career paths. Busch already worked for Sigma in the same role from ...
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News briefsOne half of Puky’s managing director duo quits
Source: Puky Britta Sieper and Mathias Heller Ever since Britta Sieper became a member of the management board of Puky GmbH & Co. KG at the end of 2021, Germany’s long-established children’s and youth bicycle supplier was run by a duo of managing directors. Now – after ...
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ArticleHigh inventories and sluggish consumer climate lead to decline in sales at Bike24
Even the good business performance of the localized online stores in the newly opened country markets of Spain, France and Italy, with an average increase in sales of 109 percent (compared to the prior-year period), could not really mask the business figures of the German cycling, running and swimming sports ...
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News briefsAmpler with new interim CEO
Estonian e-bike brand Ampler Bikes has appointed a new interim CEO, former KÕU Mobility Group COO Kadri Rehkli, following its merger with KÕU Mobility earlier this year. She is expected to lead the company to a healthy and sustainable growth model. “All of our e-bikes represent the cutting edge of ...
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ArticleThule delivers improved Ebit margin despite lower sales
Thule Group, bolstered by Summer 2022 price increases, lower freight costs and reduced selling expenses, generated a 17.2 percent Ebit margin in Q1 ended March 31, despite a 26.6 percent drop in net sales to 2,226 million Swedish kroner (€198.8m) compared to SEK 3,034 million. Period operating income declined by ...
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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News briefsLuxury cycling apparel brand Jelenew combines French couture with function
U.S.-based luxury cycling apparel brand Jelenew is launching an expanded collection for spring that combines French couture design with technical performance technology. Di Liu, a former member of the Chanel Couture team, and chief product co-creation officer Marion Clignet, a six-time world champion and two-time Olympic medalist, are at the ...
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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ArticleSales procedure initiated for insolvent Bikesale Solutions
The insolvent refurbishment and new bicycle marketplace www.bikesale.de is up for sale. Bikesales Solutions GmbH – the company behind “the first professional online bicycle marketplace for used bicycles in Germany” – was forced to file for insolvency with the competent district court in Munich on March 29. The appointed insolvency ...
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ArticleAlpkit opens tenth store
British B-Corp Alpkit opened its tenth and northernmost store at Ledge Climbing Gym in Inverness on April 15. Alpkit, a digital-focused brand founded in 2004, creates community hubs in outdoor activity hotspots such as the Lake District, Peak District and Snowdonia. Alpkit currently has nine other stores in the U.K., ...
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News briefsLink My Ride secures investment from high-profile sports figures
Social cycling app Link My Ride has announced that it has secured investment from a range of high-profile names from across sports, including Finnish Formula 1 driver Valtteri Bottas, alongside professional cyclists Daryl Impey, Tiffany Cromwell and Ryan Gibbons. Link My Ride is a pre-ride organizational platform that allows cyclists ...
