Many Aussies and Kiwis make the long journey to Eurobike each year. Most are trade visitors, looking for new products and catching up with their existing suppliers.
But a growing number are also exhibiting. In addition to the photos below, we also saw exhibits from Australia’s Knog, Steadyrack and New Zealand’s Aeroe.
Here are some highlights:
Reid Bikes is an Australian-founded bicycle company that has seen a complete transformation since its inception.
Founded by James Reid, who no longer works in the business on a day to day basis, Reid began as a single Melbourne store, gradually expanding into a small chain of stores across other Melbourne suburbs and Australian capital cities.
Their core products were very low-priced, low spec’d Reid branded bicycles that were often sold to local students and other casual cyclists.
Today, the retail chain has gone, with just one store remaining and Reid is run from the UK by Rob Akam who joined the business 12 years ago, just two years after it started, and is a minority owner.
Today Reid creates much more diverse and high quality bicycle ranges, that it sells via distributors into over 25 countries worldwide. Some bikes are Reid branded and others are branded with various names owned by different distributors.
Rob said they’re aiming to sell about 160,000 bicycles for financial year 2024, which is only slightly down on their covid peak in FY2022 of over 200,000 units.
Of the 2024 production, over 20% of units will be e-bikes. Reid also sells direct via an online store, where any dealer within a certain range of the customer is paid full retail margin.
Some of Reid’s customers include Anaconda, 99 Bikes and Costco.
Rob says that one of the keys to their success through a turbulent decade in the bike industry has been maintaining a policy of, “No debt, no credit, no stock,” meaning that all customers must pay for their orders up front and the various national distributors have to pre-commit to stock and warehouse it themselves. He says they’ve grown by 300% since 2019 and are still finding pockets of demand for certain bike models in various countries.
Reid maintains an office in China with four staff who oversee quality control, resulting in fewer warranty claims.