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Melbourne, Victoria. An international success story that originated in Melbourne, Reid Cycles, has announced it is closing several Australian stores in a restructuring of its retail network “in response to market conditions”. Reid closed its Adelaide shop about a month ago and outlets in Melbourne and Sydney are set to follow as the company aims to “right-size the business for …
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Brisbane, Queensland. The owner of two Giant stores in Brisbane has revealed plans to consolidate their operations into one site and give increased focus to their prospering online sales. Mark Turvey plans to close the Giant Strathpine within the next two months and concentrate upon his Giant Redcliff business. Mark said the lease for the Strathpine site is coming up …
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Bundall, Queensland. Gold Coast e-mobility specialist Crooze Electric has closed its doors, with news the online side of the business has been purchased to operate out of Brisbane as a B2C P&A retailer. Owner James Patten reportedly made the decision to the close the store rather than renew the lease for the store. The UK…
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Fremantle, WA. A WA-based premium e-bike developer, Tiller Rides, has opened the door for an investor or buyer to keep its program on track, after the company went into voluntary administration last month amid a series of adversities in the economic climate. Costly production delays caused by Covid restrictions, followed by a tightening financial market, slowed...
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Melbourne, Victoria. Australia’s first formal standards for vehicle-mounted bike racks are under development, prompted largely by growing sales of vertical racks. Standards Australia’s recent decision to establish specific regulations for bicycle racks follows industry concerns and uncertainty about police issuing fines to drivers using vertical racks. In April 2022, fines imposed...
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Melbourne, Victoria. Peak industry group Bicycle Industries Australia (BIA) is calling nominations for its new sustainability committee. Nominations are invited from importer and retail industry members for the committee, which will provide advice to the BIA board in its efforts to help the bicycle sector achieve its sustainability goals. “Our initial focus is on the storage, management and recycling of …
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Sydney, NSW. Standards Australia is looking for a bike industry representative to join its panel of experts responsible for setting the standards for bicycle-related products. Nominations have been invited to fill the only industry representative position on the committee, after the existing delegate, Bicycle Industries Australia general manager Peter Bourke, was promoted to chair…
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Wollongong, NSW. The online version of the 2023 Latz Report Yearbook is now available on The Latz Report website. Printed copies of the Yearbook are currently in production and are on track to be mailed to every bicycle business in Australia by the end of the month. Initial copies are free and additional copies can be order for …
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Eindhoven, Netherlands. Shimano has issued a ‘stop riding’ and recall notice for a range of head stems sold under its PRO brand, after it was discovered they were prone to developing cracks. Shimano Europe B.V., the owner of the PRO brand, issued the recall on 30th March for certain PRO Vibe alloy stems purchased during or after…
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Taipei, Taiwan. Chinese manufacturer Phylion has triumphed at Taipei Cycle’s 2023 Development & Innovation Awards with its first-generation sodium-ion battery cells, as the technology firms as an alternative to lithium-ion batteries for e-bikes. Phylion used Taiwan’s global bike trade show to highlight its self-developed sodium-ion battery cell models, the Golden Brick Version 30110 and …
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Sante Fe, New Mexico. The US banking industry - turned topsy-turvy with the demise of Silicon Valley Bank in March - is quietly reshaping the bicycle industry. Retailers, facing a raft of cash flow issues, are finding it increasingly difficult to refinance older loans, refinance and pay for overpriced inventory, or seek loans to aid their business. Small business loans …
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