STRATFORD-UPON-AVON, UK - Pashley Group Limited has announced the appointment of experienced and proven business leader Andy Smallwood to the role of chief executive officer (CEO), effective 3rd June 2024.
EDINBURGH, Scotland - A 9-digit private growth-equity fund which has already supported Rebike, Bike Club and Grover in the micromobility sector, acknowledges that a new generation of businesses are helping to pioneer the sector's circular future. However, "circular innovations deserve a specialist investor," explains Andrew Shannon, founding partner of Circularity Capital.
LONDON, United Kingdom - A remarkable sight in London's streets: ePack4 which surpasses other last-mile delivery innovators by doubling the standard payload to 350 kg and a capacity of 4 square meters.
REDDITCH, England - In a trading update Halfords Group announced to expect a significant drop in like-for-like revenue growth in its retail business. The company reports a further material weakening in three of its four core markets, including cycling.
LONDON, United Kingdom - In contrast to other European markets, where declines in unit sales could be offset against higher sales values, this can't be said for the UK market. The post-COVID downturn in the UK cycling market has seen the total market value fall a further 6% in 2023, following an 18% decline in 2022. On top of that, in 2023 the UK had "the worst mechanical bike sales this century," the latest data confirms.
REDDITCH, England - Halfords has reported a 5.1% dip in its Q3 cycling sales compared to the same period last year. More concerning is that the UK bicycle retailer has reported the cycling market volumes are down 28% from pre-pandemic levels.
LONDON, England - Newcomer Skarper has developed a retrofit solution to turn any bicycle into an e-bike. What started with the backing of six-time Olympic champion Sir Chris Hoy, the start-up has also teamed up with the Red Bull Formula 1 team's Advanced Technologies division to prepare the device for market launch later this year.
PORTSMOUTH, UK - Recent developments at WiggleCRC have taken a dramatic course as the company announced it will close down all its international activities. Once at the forefront as 'the' example of how to operate a global webshop, the company has lost its momentum on the overseas markets.
LONDON, UK - Quality issues with e-bike battery chargers have caused reasons for concern in the UK but also in EU countries. One of the largest online sellers of e-bike chargers and conversion kits, Wish.com has banned the sales of the products citing safety risks. Yet there are serious concerns about the enforcement of the new policy.
REDDITCH, England - Alongside mainland Europe, bike sales in the UK have taken a market-adjusting dip this year. Retail giant Halford has reported that sales in its cycling division have been "challenging and below expectations due to the well documented consumer environment." However, bicycle sales are still 'ahead of the market', the company's interim results for the first half of the financial year reports.
