REDDITCH, UK - Halfords has released an update on its trading performance for the last 20-week period showing very positive cycling-related sales despite the end of the summer holiday season. An uptake in cycling as a "safer means of transport" in the United Kingdom is fuelling demand.
SUNDERN, Germany - For the clip-on mudguard category SKS has developed a new model offering maximum stability and flexibility. The Veloflexx set combines the advantages offered by a fixed mudguard and the ease of a clip-on mudguard.
KOBLENZ, Germany - Bicycle manufacturer, Canyon, has teamed up with the Technical University of Aachen, Germany to design a new form of urban transportation. After two years in the making, they claim the 'Future mobility concept', is a "revolutionary alternative to both the automobile and the bicycle."
REDDITCH, UK - Halfords Group plc, the UK's largest cycling retailer, has posted Q2 results for the 13 weeks to July 3rd showing an incredible 57.1% like-for-like growth in cycling sales. Clearly the impact of coronavirus was a key driver, with the British public turning to two wheels for exercise and transport to work (avoiding public transport) during the lockdown.
STOCKHOLM, Sweden - While the corona pandemic forced market leader Shimano Inc. to shift down a couple of gears, two Swedish industry participants, Thule Group AB and MIPS AB, were able to keep their first interim quarter results on a solid (Thule Group) and still promising (MIPS) base.
HEERENVEEN, the Netherlands - Yesterday evening Accell Group announced a package of measures taken to ensure business continuity. These actions were taken, "in the light of the unforeseen and unprecedented impact of the coronavirus on economic activity and the markets we are operating in, and the uncertainty regarding the length and depth of the pandemic outbreak," notes Accell Group in a statement.
OSAKA, Japan - Shimano Inc expects to generate extraordinary income this year with the return of land belonging to one of its Chinese (Kunshan and Tianjin) plants.
MANDEURE, France - Last Friday the French PSA Group (Peugeot - Citroen's automotive business) announced that Mahindra Two Wheelers Europe will acquire the remaining 49 percent of Peugeot Motocycle (PMTC). Five years ago, this company took over a majority shareholding in the French scooter maker for 15 million euro.
TAICHUNG, Taiwan - To expand their European activities, screen print product supplier TransArt took over Doublepress in the Netherlands. "Since we were listed in 2017, we have been looking for production in Europe."
Building a successful 'direct-to-consumer' (DTC) strategy is just like building your brand or company, it requires investment in capital, time, and staff to train yourself and your team on the new skills as they continue to emerge.
OSAKA, Japan - In its report on the financial results made in the first half year of 2019 Shimano names specifically its STEPS e-bike drive system as one of the growth drivers, next to disc brake components for high-end road bikes.
ANNECY, France - Amer Sports has completed its divestment of Mavic SAS. The Finnish sporting goods manufacturer has finalized the sale of its French bike subsidiary to private equity firm Regent LP.
TAINAN, Taiwan - Rising e-bike and high-end bicycle sales in the first quarter of this year as reported by Taiwan's largest bicycle makers Giant and Merida works out positively for the country's parts and component suppliers.
DELFT, the Netherlands - It's a kind of power steering for e-bikes but much smarter than the ones for cars. At least this is what the Technical University in Delft, the Netherlands and Gazelle claim. T
ITTIGEN, Switzerland - The World Federation of Sporting Goods Industry (WFSGI) is to have a new CEO. After a successful 16-year tenure, Robbert De Kock, has decided it is time for him to leave the organisation and hand over the baton to a new leader. The WFSGI Board has appointed Emma (Mason) Zwiebler as Interim CEO from 1 November 2023.
PLOCHINGEN, Germany - Sporting goods manufacturer and retailer Decathlon has appointed the CEO of Decathlon-Germany André Weinert to CEO-CESEE (Central, Eastern and Southeastern Europe). Effective immediately, he assumes responsibility for 17 countries in which Decathlon is represented. The sporting goods chain store giant will announce his successor in Germany within the coming weeks.
BERLIN, Germany - Following a brief stint as CEO of Internetstores GmbH, Max Heimann has left the parent company of Fahrrad.de, Bikester, etc. at his own request. The listed parent company of the online sports retailer, Signa Sports United (SSU), is now introducing his successor, Torsten Waack van Wasen.
KARLSTEIN AM MAIN, Germany - The Battery Experts Forum has released its three-day conference program of high-profile presentations from key players in the battery industry. With progress in the field of electrification speeding up, speakers including Shmuel De-Leon and Sven Bauer will address the current challenges facing the battery industry and with that the e-bike business.
BERN, Switzerland - Swiss Post has divested its PubliBike bike rental subsidiary. The company wants to concentrate on its core business, thus not make the necessary investments. It had been looking for a buyer for some time and found three investors. One of them is industry veteran and ex-BMC CEO Thomas Binggeli.
WALNOT (CA), USA - In the run up to the United Nation global climate conference COP26 in Glasgow which starts next Sunday, The Silicon Review named Yadea CEO JiaZhong Wang among the 30 most inspiring leaders this year. The company is said to power the 'Era of Green' with its revolutionary products, including e-bikes.
