Posts Tagged ‘99 Bikes’
Pedal Group Receives B-Corp Certification
Brisbane, Queensland Australian-founded Pedal Group Pty Ltd announced on Monday 11th March that it had achieved B Corp certification for its 99 Bikes retail stores and Advance Traders wholesalers in Australia and New Zealand. B-Corp certification is a voluntary code that companies can choose to apply for, that requires them to be audited in relation…
Letter to the Editor – The Pedal Group Are Damaging Our Industry’s Profitability
Bentleigh, Vic Dear Sir, From my seat, it looks like Advanced Traders/99 Bikes continued their bullish ordering and were not reading the tea leaves when the pandemic was coming to a close. They filled their warehouses to the rafters when most other suppliers were carefully cancelling or trimming some orders and taking close note of…
$12.4 Million Loss, Three NZ Stores Closed & New Gold Coast Store – Mixed Fortunes for Pedal Group
Coomera, Queensland Pedal Group will enjoy a moment of celebration in a generally tough year, when it opens a new store on the Gold Coast in the coming weeks. Amid recent news about sizeable losses and a drop in valuation for the organisation, and speculation the organisation is about to close multiple Australian stores, Pedal…
Hargroves Rebrand Completes 99 Bikes Purchase
Southhampton, UK Pedal Group has begun a rebrand of the UK retail chain, Hargroves Cycles, it purchased recently. The Queensland-based company last week began converting the four Hargroves outlets into 99 Bikes stores, consistent with its retail operations in Australia. Hargroves founder Peter Hargroves said on social media site LinkedIn the rebranding was an end…
Bike Mechanic Training Academy Expands into More Cities
Perth, WA Bike mechanic training enterprise The Bicycle Academy has expanded its operations into Perth and Auckland, with courses set to start at those centres in July. The academy, established by the bicycle retail and wholesale company Pedal Group and training organisation Industry Graduates, has established training facilities in Perth suburb of Osborne Park and…
Decision Looming on Kitzuma Future
Melbourne, Victoria Online retailer BikeExchange has foreshadowed it will soon make an announcement on Kitzuma, the US bicycle delivery service it purchased in December 2022 in the hope their synergies would deliver rapid growth for both organisations. However, BikeExchange (BEX) executive have stated Kitzuma has been “burning a lot of cash” at a time when…
New Recycling Service for Sydney Bike Shops
Sydney, NSW A new recycling service for bicycle tyres, tubes, metal and e-waste has been launched in Sydney this month, with 10 retailers signed up as its initial customers. Revolve ReCYCLE started rolling out its collection bins in mid-January and is inviting other Sydney businesses to sign up to its bike shop waste minimisation service.…
Pedal Group Boost For National Mechanics Training
Sydney, Australia Pedal Group will this month move into its fourth mechanic training facility, as part of the organisation’s The Bicycle Academy training offshoot. The company is adding its new Sydney training facility to its existing Bicycle Academy sites in Brisbane, Melbourne and Adelaide. The Academy roll-out comes after the major retailer secured a licence…
Exclusive Interview: 99 Bikes’ Departing Founder Reflects upon Lessons, Wins and Massive Future Expansion
Brisbane, Queensland When Matt Turner founded 99 Bikes in 2007, he had no prior bike industry experience, apart from being a keen triathlete being a dissatisfied customer of his local bike stores. Little did those stores who gave him bad service at the time realise, they’d be sowing the seed for what is already by…
UCI Announces Gravel World Series and World Championships
Aigle, Switzerland A new UCI gravel world championship and world series being launched next year are unlikely to have much impact on gravel bike sales in Australia, at least in the short term, according to prominent members of the industry. The new additions to the UCI calendar were announced as part of a statement from…