BRUSSELS, Belgium — The Belgian e-bike brand is in hot water after customers called out unexpectedly long wait times and a lack of transparency from the company. It's safe to say Cowboy has had a rough start to the year, as the e-bike manufacturer has attempted to navigate a production relocation, frame recall and now backordering issue - all in the span of a few months.
BRUSSELS, Belgium — The European cycling industry, after navigating a pandemic and the subsequently volatile market, is showing signs of a steady recovery, according to data from the Cycling Industries Europe's (CIE) annual survey among its members. Insights from the last few years of CIE surveys show a sector transitioning from cautious optimism to a more tangible stabilisation.
COLOGNE, Germany - From the start of next year, Georg Honkomp will hand over his position as chairman of the board of Europe's biggest dealer cooperative, German ZEG, to his successor Fred Schierenbeck.
FOUNTAIN VALLEY, USA - Pedego, the largest chain of e-bike stores in North America, has announced the appointment of Larry Pizzi as its new chief executive officer (CEO) and member of the Board, effective November 18, 2024. Pizzi joins the company with over 20 years of operational leadership experience in the cycling and outdoor industry, succeeding Brian Stech. In addition, Cliff Moskowitz will be joining the Pedego Board of Directors.
REDDITCH, England - With a current strategy of "controlling the controllables," the UK's largest bicycle retailer Halfords continues to face challenging conditions. With poor weather conditions in spring and summer affecting sales, the retailer failed to meet pre-COVID sales levels in its cycling department in the first 26 weeks of the current financial year which started 1 April.
REDDITCH, England - Citing headwinds in the bicycle market, UK retail chain, Halfords, has closed the financial year with a 30% drop in volume in its cycling division. "The bicycle market consolidated at a faster rate than expected, leading to much more discounting, which put significant short-term pressure on gross margin," the company reports.
