News
Container Rates Forecast to Drop Below Pre-Covid Levels
Hamburg, Germany Shipping container rates are poised to drop below pre-Covid levels according to a report published this month by Container xChange, an online platform for container logistic companies to book and manage containers. The German company attributed the price drop to a fall in China’s exports in September and global economic downturn, saying market…
How’s Business? – October 2022
Welcome to our monthly check-in with bicycle retailers across Australia and NZ.While sales trends varied slightly between this month’s featured businesses, the messaging on services was consistent – workshops have never been busier. As always, in addition to asking “How’s business?” we asked a follow up question. This month’s question was: “What is it your…
Renegade Newcomer Brings National Aspirations
Sydney, NSW Sydney bike store Renegade Cycles has changed hands for the first time in almost three decades and the sale appears to have unleashed a new force on the national bike industry. Experienced bike mechanic and former financial adviser Griff Moore purchased the Lane Cove store recently, only eight months after buying his first…
Lug+Carrie Raises $5 Million Ahead of US Expansion
Melbourne, Victoria Melbourne-based e-bike subscription provider Lug+Carrie has secured $5 million in bridge funding, as it prepares for expansion into the US and other new markets. “Lug+Carrie have major plans to expand their business and will be launching in the United States via a soon-to-be-announced joint venture with one of their investment partners.” Lug+Carrie says…
Evolution Flourishing With Freedom to Diverge
Perth, WA Inner Perth store Evolution Bikes is enjoying newfound independence, broadening its product range and finally pursuing its objective to focus on e-bikes. Established as a My Ride store five years ago, the business underwent a rebrand and major change in focus three months ago. Owner Anthony Hart said launching under the My Ride…
New Longtail Cargo Bike from Newcastle Brand
Newcastle, NSW Australian cargo bike brand Tribe Bikes has released a new longtail, the Evamos. It is just the second model released by the Newcastle-based company, which launched into the market with a front-loading cargo trike in 2020. The Evamos can fit two kids on its long rear rack and, courtesy of its integrated MIK…
Desiknio Makes Light Work of New Australian Market Niche
Melbourne, Victoria One of the world’s lightest urban e-bikes, by Spanish manufacturer Desiknio, will soon be available in Australia, with Melbourne-based distributor Dutch Cargo preparing to receive its first shipment. Their arrival in early 2023 will bring another local option for premium urban and commuter e-bikes. Desiknio builds carbon and high-spec aluminium frames and combines…
Pon Hosts Special Night for Cervélo Dealers
Sydney, NSW High performance bike brand Cervélo delivered an unmissable dinner for its Australian retailers last month – based on its perfect attendance rate. Offering the chance to meet one of road cycling’s biggest stars at the moment, in one of the world’s most picturesque city locations, Cervélo and its distributor in this country, Pon.Bike…
POC Moves to Direct Sales Support in NZ
Christchurch, NZ Swedish helmet and apparel brand POC is establishing direct sales support for its retailers in NZ, beginning with snow sports businesses from the start of this month and incorporating cycling retailers from April 2023. “Christchurch-based POC New Zealand, a subsidiary of POC Sweden which launched in 2019 as an APAC regional support office,…
Lug+Carrie Shares Successful School of Thought at Micromobility Expo
Melbourne, Victoria An e-bike subscription service’s pioneering efforts to eliminate barriers to cycling is clearing its own upward trajectory to success, with Lug+Carrie elevating its operations to much higher levels. The three-year-old Melbourne company’s success in introducing families to e-cargo bikes has already led to expansion into Sydney earlier this year and Brisbane in recent…