News
Reid Cycles Launch Global Environmental Pledge
Reid Cycles is best known in Australia for their retail stores in Perth, Adelaide, Sydney and Melbourne of the same name that sell budget priced bicycles. But this Melbourne based business also has significant international operations. According to their website they’ve expanded into other countries including in the following order since 2014: England, New Zealand,…
MTBA Launches Bushfire Appeal for MTB Trails and Clubs
A significant number of mountain bike parks and trails have been devastated by the ongoing bushfires that have swept through Australia this summer. Mountain Bike Australia (MTBA) the peak body for mountain biking activity in Australia has launched a national appeal through the Australian Sports Foundation (which provides tax deductibility) to help rebuild these trails…
Cyclists Deaths are No Accident
Tariff Case Loss A Multi-Million Dollar Blow to Our Industry
There has been a story, bubbling away in the background that we’ve chosen not to report upon until now, because it has been the subject of a legal case. It’s also a somewhat complex issue, so we’ll start with some background explanation. Australia’s federal government has the power to impose import tariffs on any imported…
Sea Otter Australia Officially Launched
A new cycling festival experience – Sea Otter Australia – is set to debut at Canberra’s Stromlo Forest Park on 2nd to 5th October 2020 following an official launch at the venue on Wednesday 18th December. Sea Otter Australia will offer spectators and riders a contemporary cycling adventure like no other, nestled in Stromlo Forest…
Wiggle CRC Posts A Massive Loss After Writedowns
Mapil Topco Limited, which trades as Wiggle CRC, has just released its financial statements for the year ending 30th December 2018. They shown a pre-tax loss of £132.5 million (A$253 million). But as is often the case with large entities, that single figure does not tell the whole story. Wiggles sales rose 15% to £453…
Earlier Dates Mean Closer Trips for Show Attendees
For those Australian or New Zealand bicycle trade members looking to attend both Eurobike and Taichung Bike Week next year, they’ll not have long to unpack their bags between trips. Eurobike is only a fraction later than its traditional dates at 2nd to 5th September 2020, but Taichung Bike Week has decided to move four…
Research Shows that Ebike Riders are Not ‘Cheating’
A research paper published by members of Brigham Young University in the USA has concluded that eMTB riders are working their bodies almost as hard as those on regular bikes. In the study, 33 regular MTB riders aged 18 to 65 formed the pool, with each participant tracked via Strava over a 10 kilometre loop…
Selle Royal Group is Looking for a Major Investor
Selle Royal Group includes not just Selle Royal saddles, but also fi’zi:k, Brooks, Crank Brothers and PedAL ED. It’s not yet clear what percentage of the company is up for sale. 2019 sales are projected to be 130 million Euro (A$211 million) and Ebitda (earnings before interest and depreciation) of 14.6 million Euro (A$24 million).…
Bike Society New Store Details Revealed
Back in September we ran this story about leading South Australian Retailer Bike Society who was looking to relocate their Blair Athol store. At the time, owner Mark Birkdale was not ready to reveal the full details of what he was planning. Now it has been confirmed via the Bike Society website that they’re not…