How’s Business? Christmas 2020

How's Business Christmas 2020

Welcome to our monthly survey of bike shops where we start by simply asking, ‘How’s Business?’ As we anticipated, the shop owners we talked to quickly raised the issue of supply shortages. For this month’s follow up question we asked, ‘Given the ongoing shortage of new bikes, have you considered selling second hand bikes?’ In…

Latest Australian Ebike Sales Data Shows Almost 50% Growth

David Metzke, Dyson Bikes

Each year most of the companies that import ebikes into Australia share their sales data on a confidential basis. The figures are collated by an independent third party and only a total number is released by Bicycle Industries Australia (BIA). The numbers only relate to the participating companies which in 2018/19 were: Advance Traders, Adventure…

Latest UK Data Shows Huge Scale of Bicycle Market Growth

Cycling in London

If Australian dealers are wondering why it’s so hard to get bikes, a new report from the UK gives an indication of the competing demand from just one other country, albeit one with more than double our population. The Impact of COVID-19 on the UK Cycling Market in 2020 is an 89-page report providing a…

Alchemy Cycle Trader Branches Out From its Used Bike Roots

Alchemy Nigel Letty

As every bicycle dealer knows, supply of new bikes is tight right now, it’s possibly going to get even tighter during 2021. But are second-hand bikes a viable back-up option or stop-gap measure to at least keep a few more dollars coming through the door if the new bike supply really does get tighter in…

Two New Shops Opening in Melbourne, Plus One in Sydney

Two brand new bike shops are about to open in Melbourne, one in the inner north and one in the outer south eastern suburbs. ‘Velo Therapy Caffeine and Watts’ is a large combined new bike shop and café opening at 36 Wells Road, Seaford, which is just north of the regional centre Frankston, about 45…

BikeExchange Looks Set to Float on Stock Exchange

BikeExchange ASX listing

Melbourne based international bicycle online marketplace platform BikeExchange appears to be preparing to float on the Australian Stock Exchange (ASX). The Australian Financial Review (AFR) has been running a series of articles over recent months documenting the progressive stages BikeExchange’s preparation for a stock market float. We recently reported on one of those here, the…

European Bike Sales Forecast to Grow Dramatically

European Bike Market Set To Grow

A new detailed forecast developed by three major European cycling bodies is predicting the European bicycle market to grow by 47% in terms of annual sales, during the decade to 2030. This translates to an increase of 10 million bikes sold per year, from approximately 20 million bike sales in 2019 to 30 million in…

Weldtite partners with Team DSM (Formerly Sunweb) in 2021

Jai Hindley

Eighty year old British manufacturer Weldtite will be supplying all lubricants and bicycle maintenance products for Team DSM from the 2021 season. The team was until 2020 known as Team Sunweb and featured Australian sprinter Michael ‘Bling’ Matthews who is moving to Australia’s Mitchelton team in 2021. But there will still be a strong Australian…

Santos Festival of Cycling to Fill TDU Time Slot

Santos Festival of Cycling 2021

As we announced previously here, the 2021 Santos Tour Down Under has been cancelled due to the logistical problems in getting the professional teams from around the world to come to Australia and quarantine. On 7th December event organisers announced that the TDU will be replaced by the Santos Festival of Cycling. This will be…

Put Your Profit First

Business Coaching: Series Two - Put Your Profit First

Have you slogged away in your business (or your regular job) for years and wondered where all your hard-earned money goes? Why don’t you ever seem to have much to show for your hard work after all of your bills have been paid? In this episode, we’ll explore the principles from the book Profit First,…