Toys R Us Profits Drop 75%
TRENTON, NJ/USA (15 August 2000) -- US retailer Toys R Us announced on Monday that second quarter profits plunged 75%. The company attributes the drop ...
15819 results
Concept Cycling Increases Turnover 30%
MANCHESTER, UK (15 August 2000) -- UK bike maker Concept Cycling has increased its turnover for the fourth year in a row. According to the company, ...
No Evidence of Illegal Cost Cuts by Wal-Mart in Germany
BERLIN, Germany (10 July 2000) -- Germany's cartel office has announced that it has yet to find any evidence that the US retailer Wal-Mart is illegally ...
Messe Frankfurt's Record Results Leads to Further Expansion
FRANKFURT, Germany (28 June 2000)--Messe Frankfurt, organizer of the new bicycle industry show Bike-On, set to debut in, announced that its turnover ...
Japan's Retail Sales Fall Again
TOKYO, Japan (25 May 2000)--According to Japan's Ministry of International Trade and Industry, sales at Japanese retailers fell in April for a record ...
Toys R Us Q1 Profits Up 41%
PARAMUS, NJ/USA (17 May 2000)--Us giant toy chain and bike retailer Toys R Us announced that its first quarter profits from operations rose 41%. The ...
GT Ceases US Production
SANTA ANA, CA/USA (1 May 2000)--Last week US bicycle manufacturer GT announced that on 26 June it will close the doors to its plant in Santa Ana, ...
Wal-Mart Records Double-Digit Sales, Profit
NEW YORK, NY/USA- In the first nine months of fiscal year 1999/2000 US retail giant Wal-Mart recorded double-digit increases in both sales and profit. ...
EU Commission opens expiry review for anti-dumping on China made e-bikes
BRUSSELS, Belgium - The use of anti-dumping and anti-circumvention duties as a trade regulation for e-bikes from China has been much discussed in the industry in the past 5 years. On request of the European Bicycle Manufacturers Association (EBMA), the European Commission has initiated an expiry review of the current e-bike anti-dumping measures.
LEVA-EU and members meet EU Commission to discuss e-bike anti-dumping
BRUSSELS, Belgium - To draw attention to the impact of anti-dumping and anti-subsidy measures against made-in-China e-bikes, LEVA-EU hosted a meeting with the European Commission. According to LEVA-EU more than 40 company representatives and lawyers signed up for the meeting held on March 15.
Shakeout imminent in US bicycle retail?
NEW YORK, USA - On the outside, it looks like the bicycle industry has learned to adapt to the new reality with higher transport costs, irregular supplies and a constant search for new suppliers to meet unexpected shortages. But there is more going on. "The financial wrecking ball has been released among IBDs and brands," says US market specialist Jay Townley.
E-bikes to play dominant role in Signa Sports' growth strategy
NEW YORK, USA - Stock market newcomer and e-commerce giant, Signa Sports United (SSU), recently presented itself to the US market at the virtual Jefferies Investor Conference. The focus was not only on the planned market conquest and growth strategy in the US, but also on further positioning of the online sports retailer in Europe. Within these plans bicycles and e-bikes are playing a dominant role.
Veer split belt drive saves costs for manufacturing and maintenance
MARIN COUNTY, USA - Veer, maker of the spliced belt drive, aims to encourage the adoption of light electric vehicle usage in local transportation. Targeted at the light electric vehicle segment the Veer split belt drive is intended to replace aftermarket metal chains and secure partnerships with LEV manufacturers.
Indian parts suppliers keen on easing supply-chain in Europe and North America
NEW DELHI, India - The outbreak of Covid19 in China and later across the world as a global pandemic, created supply chain disruption in the global bicycle industry. Assemblers and distributors invested millions and years to build factories and a full supplier network in China, which has suddenly become vulnerable.
Bike Sales Growing Again in US
PORT WASHINGTON, USA - According to market researcher NPD Group Inc. bike sales in the United States are on the up again. Sales grew 9% in value in the first quarter of the year. In particular lifestyle/leisure bikes are up big which could point to changes in the sports orientated US bike market.
Shimano Branches out in Russia
NUNSPEET, Netherlands (February 26th) - Shimano has taken the plunge: their own offices in Russia. As of March 1st they will carry out sales, service ...
Tropical Heat Brings Bike Sales Down
AMSTERDAM, the Netherlands- Temperatures above thirty degrees Celsius have had an impact on bike sales in August. At least in The Netherlands. But it ...
Dedicated Show Director Appointed for ISPO Bike
To underline the importance of the yet young bike event ISPO Bike for Messe Munich International, the trade show got its own project management team. ...
Nokobike opens 4,000 square meter factory and 1.7 MW solar power park
Nokobike, a leader in electric and sustainable mobility, has opened its new 4,000 sqm production facility. This expansion highlights the company's dedication to innovation and sustainability within the bicycle and micromobility sector. With a vision centered on pushing technological boundaries and reducing environmental impact, the new factory sets a precedent for the future of industrial production in this evolving industry.
From aquariums to e-MTBs: Askoll unveils the Ultra C90A power unit
Askoll, known for its technological innovations since 1978, first introduced energy-saving synchronous technology in electric motors for aquariums. Over time, this technology found applications in home appliances, heating systems, and e-mobility. With the recent launch of Askoll Ultra, the company is now focusing on developing power units for e-MTBs.