All Bike articles – Page 6
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News briefsSimplon installs pop-up exhibition at Breuninger in Munich
The Austrian bike manufacturer Simplon runs a new exhibition space in an unusual surrounding: In the high-fashion store Breuninger (formerly Konen) in the heart of Munich, the bike maker shows its bikes and offers 3D body scanning and consultancy on its products. The pop-up project runs for four weeks and ...
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ArticleIntersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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ArticleSSU outlines U.S. growth strategy
Signa Sports United (SSU) aims to strengthen its position in e-bikes and tennis in its core European market while implementing a similar approach in the U.S. through a combination of organic growth, mergers and acquisitions and third-party services, according to a presentation (direct PDF download) at the Jefferies Investor Conference ...
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News briefsThe 2024 Tour de France may not finish in Paris
According to a report by Italian sports newspaper Gazzetta dello Sport, widely cited in other international media, the 2024 Tour de France may not finish on Paris’ Champs-Elysées. It would be the first finish outside of Paris in the race’s long history. The first edition of the world’s greatest bicycle ...
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News briefsCraft management team goes on 450km charity bike ride from German HQ
Three German top managers of the Swedish brand Craft – André Bachmann (CEO), Wolfgang Lagler (sales manager) and Markus Müller (marketing manager) – are embarking on a three-day charity bike ride from their Bavarian headquarters. They want to cover a distance of 450 km to hand over the new club ...
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News briefsStrellson launches exclusive off-bike capsule collection with Olympian Fabian Cancellara
The Swiss men’s fashion brand Strellson has announced a collaboration with two-time Olympic gold medalist and Swiss race bike legend Fabian Cancellara. Part of the partnership is a limited edition “off-bike” capsule collection. Cancellara and a design team at Strellson led by Marco Tomasi created a collection of thirteen fashionable ...
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News briefs100% appoints new global eyewear and snow team
The sports performance brand 100% has announced the appointment of a new leadership team to support the company’s accelerated growth in eyewear. In addition, the brand launched its first collection of snow products. Gwen van Lingen has joined 100% as vice-president of global marketing and sales for the eyewear and ...
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ArticleSigna Sports United grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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News briefsBike24 launches online shops in Italy and France
As part of its international expansion, Bike24, a German-based e-commerce bike platform listed on the stock exchange since mid-2021, has launched country-specific webshops in France and Italy, two major European cycling nations. It previously made a similar move in Spain, more than doubling its sales in the country. The company ...
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Short stops
Dec. 14 Short Stops: EFTTEX – Jaffa - New Balance - Rose Bikes - Scantrade
Management: +++ Marcus Diekmann will leave on Jan. 1 as the CEO and as one of the three join managing directors of Rose Bikes to run International Brands Company (IBC), the private label subsidiary of Peek & Cloppenburg, but he will continue as an actively available partner in ...
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Short stops
Dec. 9 Short Stops: Bianchi - Namuk –Peak Sport - Roland-Garros – SIMA – Wilson/USTA – Winter Olympics - VAT on bikes
Corporate: +++ Saying that it spends more than 3% of sales on R&D, China’s Peak Sport reported the establishment of a new sports science laboratory in Xiamen, which is working with universities and other institutions to incubate innovative ideas for sports clothing and footwear +++ Bianchi plans to build ...
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Article
Bike delivery problems sink XXL’s results
Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...
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Article
Shimano hikes guidance as bike segment soars by 30%
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid outbreaks have disrupted both manufacturing and logistics everywhere. Bike dealers’ inventories are still ...
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News briefs
Cantet leaves Private Sport Shop to run Moustache Bikes
On Jan. 1, 2022, Olivier Cantet, a 56-year-old executive with over 20 years of management experience in the outdoor and sporting goods industry who describes himself as a “leading French e-bike specialist,” will join Moustache Bikes, a ten-year-old French supplier of e-bikes, as CEO. He will leave Private Sport Shop, ...
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News briefs
Signa Sports United to launch AI-based virtual bike fitting engine
Signa Sports United (SSU), the German-based sports e-commerce platform that owns several websites for the sale of bicycles, has entered a strategic partnership with Motesque, a specialist startup for biomechanics, computer vision and AI, to launch what they claim will be the first biomechanical AI-based virtual bike fitting engine ...
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News briefs
WFSGI boosts the representation of the bike and manufacturing sectors on its board
The World Federation of the Sporting Goods Industry (WFSGI), which held its World Cycling Forum in Munich in connection with the IAA Mobility show earlier this month, has announced the election of two prominent new board members from the bicycle industry and of a new representive of Apache Footwear on ...
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Article
Peloton cuts bike price again, signals growth slowdown after Q4 loss
Peloton Interactive cut the price of its original stationary bike again and signaled that slower growth is on the horizon after posting a hefty net loss in the fourth quarter of its fiscal year. The company reported a net loss of $313.2 million for the quarter ended June 30, against ...
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Case StudyHow Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
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News briefs
Shimano to raise bike component capacity by 1.5 times
A few weeks ago, Shimano had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery at two factories in Japan, with an eye on increasing production capacity for bike ...
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ArticleA 13% rise in bike sales limits the Austrian sports market’s drop to 1%
Pointing to the strongly diverging business development for Austrian retailers (depending on location and product range focus), the national Association of Sporting Goods Manufacturers and Suppliers (VSSÖ) provided a first summary for the full year 2020 and the winter season Q4, 2020, and Q1, 2021. According to the association, total ...
