Trade
It’s Official – 2020/21 was a Record Year for Bicycle Imports
In news that would hardly surprise anyone, we can now confirm that the 2020/21 financial year broke the all-time record for bicycle imports into Australia. Unfortunately, we still don’t collect national bicycle sales data, but given that there’s very little local manufacture and that stock levels are still low, particularly at the importer/wholesaler level, then…
NZ Based Chapter2 Appoints Exclusive Australian Distributor
Chapter2 is the creation of Michael Pryde. After a successful career in Architecture, he joined Neil Pryde Limited in 2004. This company, founded and run by his father since 1970 is a diverse global sporting goods brand, best known for its windsurfers. Michael established the Bike Division under the brand NEILPRYDE in 2008 where he…
Specialized E-Bike Battery Recall Includes Some Australian Bikes
Specialized is recalling about 2,500 first-generation Turbo Levo and Kenevo electric mountain bike battery packs. Water can penetrate the seal around the LED control pad on the bicycle’s lithium-ion battery pack and cause the battery to short circuit, posing fire and burn hazards. No injuries have been reported from the fault. The recall involves Specialized…
BikeExchange Co-Founder Returns to New Full Time Role
Sam Salter has returned to work in the company that he co-founded with Jason Wyatt 15 years ago. He will take up the newly created role of Chief Sales and Partnerships Officer. Sam is currently a non-executive director of BikeExchange Limited, a role he’ll retain. Sam is also the co‑founder of Marketplacer, which operates a…
Sea Otter Australia Postponed – Again
Rather than delaying what was increasingly looking like an inevitably forced decision, Christian Haag, Executive Officer of Sea Otter Australia recently wrote to exhibitors and entrants with 12 weeks’ notice, advising them of the postponement of this year’s event. Sea Otter Australia had been scheduled to be held on this October long weekend but has…
KRUSH Announces Grassroots Scholarships Scheme
A group of Australian bicycle companies have collaborated to create a unique scholarship scheme for up and coming young cyclists. Industry participants included Sea Otter Australia, KRUSH, Bikecorp, Pushys, GravityOZ, Ridemore and Fist Handware. The program was to have been launched at Sea Otter Australia. Unfortunately, as we detailed elsewhere, that event has been postponed…
Matt Turner Details the Pedal Group’s Massive Growth
Matt Turner is founder of 99 Bikes and Managing Director of the Pedal Group, which also includes wholesaler Advance Traders. As we documented in this related article, the Pedal Group’s latest full year financial figures show rapid growth to become Australia’s largest bicycle business, with a fraction under $200 million in sales for the financial…
Inside Australia’s First $200 Million Bicycle Business
The Pedal Group has just reached a major milestone for Australian bicycle businesses. It has become the first to reach $200 million in annual sales. This business is best known by its two major components, Advance Traders and 99 Bikes. Because a major shareholder of The Pedal Group, Flight Centre Limited, is a public company…
Australia’s Bike Industry Majors Showing Strong Growth
As you might expect given the market circumstances, the major bicycle companies in Australia have all been showing strong sales growth and improved ‘bottom lines’ in their latest financial reports. Under Australian law, foreign owned Australian subsidiary companies who are categorised as Significant Global Entities (SGE’s) are required to lodge annual financial statements with the…
Bikecorp and KRUSH Join Forces
KRUSH is an independent bike care products company, started from scratch in regional Victoria by Matt and Emma D’Arcy over the past five years. For the past three years, Melbourne based Bikecorp has been distributing KRUSH products but now Bikecorp has invested in the business. This new relationship between Bikecorp and KRUSH will see the…