News
Tasmania Legalises E-scooters
Hobart, Tasmania e-Scooters have been legalised in Tasmania after the State parliament amended Tasmania’s Traffic Act last month. The Government delivered on its election commitment to allow privately-owned and share scheme scooters on shared paths and selected local roads. “I’m very pleased to report that e-scooters will be hitting our streets this summer, providing a…
Ex-Amazon Executive to Guide BikeExchange Seller Success
Melbourne, Victoria Former Amazon executive Joe McArdle has been appointed as BikeExchange’s Global Head of Seller & Merchant Success, to help sellers and merchants find the right product mix and maximise their sales on the BikeExchange website. Joe held various key operational roles at Amazon in Australia and the UK, across online sales, stock and…
Five Predictions for Industry Direction in 2022
Little Rock, USA US bike industry commentator Rick Vosper has published his predictions for a number of possible developments in the American bike industry for 2022. At least some of his projections in ‘Five things that might happen in 2022. Or Not’, published online this week in Bicycle Retailer and Industry News, could just as…
Dutch Cargo Bike Takes Initiative With Ride to School Education
Melbourne, Victoria One of Australia’s leading cargo bike dealers has taken the initiative to boost the number of families who cycle to school, launching a concerted campaign this month to encourage and assist people to switch to active commuting. Melbourne-based company Dutch Cargo Bike this month launched its Bike and Stay initiative, a not-for-profit venture…
E-Bike Incentives Promised in Build Back Better Bill
Washington, USA Financial assistance to buy e-bikes and to commute by bike have been included in the US Government’s Build Back Better (BBB) Bill, which was passed by the country’s lower house of parliament last month and includes a range of measures to address social services, welfare, infrastructure, climate change and the impact of COVID-19.…
European Union Agrees on Bike Tax Cuts
Brussels, Belgium Tax concessions for e-bikes and conventional bicycles could soon be implemented in European nations, following an agreement of the Council of the European Union this month. The agreement by the EU Council on December 7, on updated rules for Value-Added Tax (VAT), has opened the door for members states to introduce reduced rates…
How’s Business? December 2021
Welcome to our monthly chat with bike shop owners and managers spread throughout Australia and New Zealand. With Christmas just around the corner after what has been a super stressful year for most members of the bike trade, we also asked, ‘How many days do you close the shop for over Christmas and how much…
Sydney Electric Bikes Opening Two New Stores
Pyrmont, NSW Sydney Electric Bikes is about to open two new stores which will take their total number of locations up to nine. Founder Jake Southall recently spoke to The Latz Report and started by summarising his rapid growth from the humblest of beginnings. “We opened up the first little concept shop on Pyrmont Bridge…
Shimano’s Sales and Profits Soar Higher
Osaka, Japan The third quarter financial update from Shimano, for the first nine months of 2021 to 30th September 2021, has illustrated the world’s largest bicycle component supplier’s rush to fill a void in supply, with net sales in the nine months to September up 49.6%. That acceleration of trading saw the firm’s operating income…
Porsche Moves to Grab Majority Stake in Greyp Bikes
Zagreb, Croatia German high-performance car manufacturer Porsche is moving to increase its stake in Greyp Bikes, confirming it plans to acquire a majority stake in the Croatian company by the end of this year. The move, which is awaiting approval by regulatory bodies, continues an escalating trend in automotive companies buying into the bike industry,…