Retail
Drifting into Urban Sector with Newcastle Store Purchase
Newcastle, NSW Newcastle retailer Drift Cycles is expanding into the urban market by purchasing another store in the coastal NSW city, Metro Cycles. The owners of Metro Cycles, Lyn Patrick and Bernard Hockings, announced last week they have entered into an agreement to sell their Bellevue Street business to Drift Cycles, which has previously had…
Leon Cycles Owner Charged with €26 Million Fraud
Paris, France The owner of global e-bike company Leon Cycles, which has two retail outlets in Australia and many retail partners in this country, has been arrested and charged with fraud for allegedly evading the European Union’s Trade Defence Instruments. The company’s China-based owner, Lijun Ding, was detained last month by customs officers in France…
Riese & Müller Roll Out Subscription Service
Darmstadt, Germany Global e-bike heavyweight Riese and Müller has announced it will be launching its own subscription service in Germany, with plans to roll the service out to its international markets. The German manufacturer will offer a £49 fixed monthly price for its UBN Five, UBN Seven and Nevo e-bikes and Multitinker compact longtail cargo…
Yarra Valley Cycles Aiming for Big Impact with New Store
Lilydale, Victoria One of Australia’s largest independent bicycle dealers, Yarra Valley Cycles, is set to triple its floorspace with a shift to a new premises in Lilydale it says will be unique in this country. Work is well underway to convert its new Main Street building and the team is preparing to start the move…
New Kiama Cycles Owners
Trek Shifts Shellharbour Store to Former Bunnings Site
Shellharbour, NSW Trek has confirmed its moving its Shellharbour store to a larger premises in nearby Warrawong. Trek Bicycle Australia’s head of retail, Richard Runde, said the NSW south coast store will move approximately 12km north to a former Bunnings site. “This store will be a brand new, state-of-the-art fit-out including a new multi-tech workshop…
Self-Destructive Industry Trends and Skyrocketing Costs Prompts Closure of Sydney MTB Specialist
Sydney, NSW Rising rent and diminishing margins have led to the closure of Sydney’s first specialist mountain bike store, Summit Cycles, according to its founder, Paul Rowney. Paul last week announced in an email to industry contacts that Summit Cycles Sydney will close on 25th August, after nine years at its Hillsdale location, as the…
Melbourne Scooter Sales Gaining Momentum
Melbourne, Victoria Well-established Melbourne e-scooter retailers have enjoyed a notable increase in sales since the Victorian Government legalised private electric scooters from early last month, according to a prominent scooter distributor. Other retailers remain optimistic of escalating sales over the remainder of this year. John Dunnachie, the sales and marketing manager for distributor Bikecorp, said…
Portugal Return Prompts Albion Cycles Sale
Sydney, NSW Former Australian Olympic team mechanic and national road team manager Frank Conceicao is selling his Albion Cycles store, which has been a feature in Sydney’s eastern suburbs for more than four decades. Frank, who has also mentored elite cyclists and triathletes and ran coaching camps attracting top athletes from Australia and abroad, is…
Crank’n Sale as Erik Turns Attention to Events
Collie, WA Regional WA bike store owner Erik Mellegers is selling his famously quirky Crank’n Cycles store to focus on spreading the word about the thriving off-road cycling scene in the State’s South West. The one-time theology student has been in increasing demand as a commentator at sporting and community events and will also concentrate…