Posts by Phil Latz
Strong Bicycle Imports Continue in March
Australia’s record breaking run of bicycle imports is continuing, but the rate cooled in March compared to previous months. A total of 73,139 bicycles were imported in March 2021. This was just under double the total of 39,700 imported in March 2020. However, unlike previous months, March was not an all-time record, having been narrowly…
BikeExchange Shows Strong Growth in First Financial Report
As we reported previously here, BikeExchange recently floated on the Australian Stock Exchange (ASX). It’s ASX code is BEX. As a public company, it’s now legally required to publish not only detailed financial information, but any other developments that might have a material impact upon the value of its shares. In its first announcement relating…
Zoomo Raises Over $34 Million in Two Years
As we recently wrote about here in our sister website Micromobility Report, Zoomo is a Sydney based ebike company previously known as Bolt Bikes, that has been growing exponentially, fuelled by a flood of venture capital. Most recently, the Australian Financial Review reported that Zoomo has closed a major $15.4 million capital raise that was…
Bike Industry Links at Disability Expo
We recently attended the ATSA Expo in Melbourne where we met several exhibitors with direct bicycle industry links and others with strong overlaps. ATSA stands for Assistive Technologies Suppliers Australia – it’s the trade association for an industry whose mobility equipment stores segment alone is estimated to have a turnover in excess of $669 million…
Where to Advertise
Today’s media landscape is more diverse than at any time in our history. That means that you have more options than ever to choose where you advertise. But which ones are right for you? In this episode, we’ll take you through all of the main options, divided into two groups: ‘new media’ and ‘old media’.…
Advertising
These Five Shops Are Looking Well Stocked – For Now At Least
In this age of random Covid hot spots and unexpected lockdowns, I’ve chosen not to risk too many road trips. Not because of health concerns, but just to avoid the potential disruption of having to quarantine and get tested through being in the wrong place at the wrong time. On Friday 26th March I finally poked my head out of the burrow, and headed to Sydney where I…
Industry Guru Gives His Assessment of Future Product Supply and Demand
Many members in the bicycle industry have either met or know of the American bike industry veteran Bob Margevicius. As well as being long time Executive Vice President of Specialized, he’s also renowned as an enthusiastic cyclist and supporter of the bike industry, former New Zealand resident and the Vice Chair of the BPSA (Bicycle Product Suppliers Association) in the USA. …
Leon Cycle Offers Dealers an Ebike Growth Partnership
Radical Changes Proving Successful for TMO Sports
For many years the wholesaler now trading exclusively under the name TMO Sports was better known by the name of its sister company, Velo Vita. But things started changing early last year when the lease for their combined warehouse / office space in the inner southern suburbs of Sydney was up for renewal. This area is possibly the most tightly held and expensive industrial real estate…