Retail
Special-Edition Mundo Marks 10-Year Milestone
Melbourne, Victoria Australian cargo bike pioneer Cargocycles is celebrating a major milestone in longevity by bringing out a special-edition long-tail e-bike. The Melbourne-based Cargocycles teamed with California cargo bike manufacturer Yuba to create a limited-edition Yuba Mundo, marking 10 years of bringing Mundos to Australia. “When we first started selling cargo bikes out of a…
Specialized Buys its First Store in Australia
Brisbane, Queensland Specialized has purchased its first store in Australia, with Specialized Bicycle Components Australia this month confirming it has bought Studio de Velo in Brisbane. In an email to its retailers, Specialized announced it had purchased the Sumner store and recruited its owner, Simon Sirotti, as Specialized Australia’s retail operations manager. While key rival…
Pre-Order Your 2022 YearBook
Wollongong, NSW We have begun updating the YearBook for the latest companies, products and brands in the industry and expect to release the 2022 Latz Report Yearbook in late April. The YearBook is a four-way, cross-referenced system that allows a reader to find the details of the companies who stock a particular product line, or…
Pushys Purchases Rival Online Retailer BikeBug
Canberra, ACT Canberra-based company Pushys has purchased another leading online cycling retailer, BikeBug, to accelerate its move into the premium market. Pushys co-owner Shane Wolki confirmed the sale – completed on 1st February for an undisclosed amount – included BikeBug and wholesale company FRF Sports, two companies owned by road cycling identity Frank Fortuna. He…
BikeExchange Eyes Latin America as Next Focus
Melbourne, Victoria Melbourne-based company BikeExchange has revealed plans to expand its operations in Latin America, outlining the strategy while unveiling a quarterly business update that shows healthy growth for the company in general. During an online presentation for investors and media late last month, BikeExchange Global CEO Mark Watkin said the company would acquire the…
Here’s a New Bike Shop With a Unique Flavour
Tumut, NSW Ian Downing could be described as a long-time, dedicated cyclist who spent many years as an integral part of the Canberra bike shop scene. Due to some personal reasons, he recently decided to have a ‘tree change’ and headed for Tumut, located in the foothills of the Snowy Mountains in southern NSW. In…
Signs of the Times
BikeExchange Purchase Set to Deliver Massive Growth for Kitzuma
North Carolina, US BikeExchange Limited’s recent purchase of US-based ready-to-ride bike delivery and logistics business Kitzuma is set to bring fast and substantial growth for both organisations, according to executives from the two parties. Melbourne-headquartered BikeExchange is listed on the Australian Stock Exchange under the code BEX. The US$3.375 million ($A4.75 million) purchase, announced on December…
COVID Sales Boost Hits Second Wave
Sydney NSW Australia’s COVID-induced surge in bike industry sales is entering a second wave, with many cycling newcomers ready to step up their equipment, according to industry veteran Robert Thomson from Sydney store Bicycles Plus. Robert said he was starting to see a surge of buyers keen to upgrade to bikes more fitting to their…
Rapid Growth Looming for Electric Bike Company
Perth, WA Major expansion is on the horizon for WA e-bike specialist The Electric Bike Company, which opened its second store just before Christmas and is now evaluating opportunities for further sites in the very near future. Just weeks after the launch of its Joondalup store, 30 minutes north of the Perth CBD, The Electric…