All Bike & eBike articles – Page 16
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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 ...
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ArticleAdvanced Sports enters self-administration process
On April 1, Advanced Sports GmbH, the European sales company for the U.S. bicycle brands Breezer, Fuji and SE Bikes, had to file for insolvency in self-administration. Attorney Erion Metoja of the law firm Eisner Rechtsanwälte GmbH in Lauda-Königshofen was appointed as the administrator. During the reorganization proceedings in self-administration, ...
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News briefsWoom promotes climate-friendly and safe bike commutes to school
Children’s bike specialist Woom has launched a new sponsorship program aimed at strengthening sustainable mobility. Within the framework of the woom2school program, the brand specifically promotes mobility projects at schools and the teaching of cycling skills. Currently, Woom is sponsoring several major cycling initiatives in Austria, Germany and the USA ...
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News briefsMavic Group to enter growing e-bike and gravel bike market
From April 5 to 6, long-standing French bike components and bikewear supplier Mavic Group invited selected media representatives to its headquarters in Chavanod near Annecy. Mavic – in the hands of the Bourrelier Group since 2020 – presented its first e-bike mid-motor for road bikes and gravel bikes. It is ...
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ArticlePon Holdings cracks €10 billion in 2022
For the first time in the history of the family-run mobility company, Pon Holdings B.V. cracked the €10 billion sales mark last year. The Dutch company attributes this to the growth boom in sales of e-cars, e-bikes and e-equipment. The Pon.Bike division (brands Cervélo, Focus, Gazelle, Kalkhoff, Santa Cruz, Union, ...
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ArticleAustrian bicycle market 2022 with new highs in units and value
According to the latest figures from ARGE Fahrrad, which is affiliated with the VSSÖ, the Austrian bicycle market will once again reach a peak in 2022 in terms of both sales and revenue.
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News briefsNorrøna and the world’s only single track bike hotel
Norrøna has added the Canvas Hotel Telemark, the world’s only single-track bike hotel, to its Norrøna Adventure Company offering. The lodge is located in Treungen, Norway – 2 km from the nearest road — and offers glamping with “great staff, great food, drinks, beds, spa/sauna and location, as well as ...
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ArticleStefan Pierer now also heading Leoni AG
Shareholder Stefan Pierer wants to take over Leoni AG, the struggling supplier of wire, cable and wiring systems, and delist it. There are many signs that Leoni will then be incorporated into Pierer Industrie AG based in Welz, Austria.
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News briefsEurobike with new Bike Travel Area
Eurobike 2023 (June 21-25, Frankfurt) will feature a new location for the Bike Travel Area in the open-air area between Halls 9 and 11. Nestled between catering, the test track and exhibition areas, travel destinations, tour operators and related services will present themselves in a large circus tent. An integrated ...
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News briefsU.K. Women’s Tour takes one-year hiatus
The Women’s Tour will take a one-year hiatus in 2023 due to a combination of increased running costs, a reduced level of commercial support and challenges in finding a new vehicle partner replacing Škoda, the organizers said. Running costs jumped by around 20 percent in comparison to the 2022 race. ...
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News briefsTrek has a new store
Trek’s first new store of the year in Spain is also its 25th point of sale in the country, according to CMDsport. It will also be the American brand’s last new store in Spain over the short term. Of the total, 12 are own stores, and the rest are operations ...
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News briefsNew Q36.5 technology offers skin protection in case of a crash
Source: Q36.5 Q36.5 Grid Skin Jersey Short Sleeves Q36.5 has introduced an innovation in cycling apparel: The new Grid Skin Technology (GRDXKN®). It is able to protect the skin against abrasions in the event of a fall. The technology uses newly developed 4D printing and integrates a ...
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ArticleCurrent overstock constraints cannot beat positive long-term outlook: Q1 bicycle industry stock chart
There are still hurdles to overcome. But in the long run, our cycling expert Jo Beckendorff says “Trends are the bike industry’s friends.”
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News briefsLeatt Corp. posts double-digit growth in global sales, despite challenging market dynamics
South African protective equipment maker Leatt Corp. has announced revenues of US$76.3 million for the full year ending Dec. 31, 2022, up 5 percent from 2021. International sales increased by 13 percent to $59.02 million. The company reported a net income of $9.96 million or $1.71 per share for the ...
