UK retailer Halfords on July 7 reported that revenue in its cycling business had risen 57% on a like-for-like basis in the 13 weeks to July 3, “helped by the avoidance of public transport, favourable weather conditions and the increased adoption of cycling as a health and leisure activity”.
The UK Bicycle Association on June 26 said that sales of bicycles worth between 400 pounds and 1,000 pounds more than doubled in April 2020 compared to the same month a year earlier. Sales of e-bikes were up 55% by value and 48% by volume.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC and Accenture back AI data firm Quantexa in $65 million round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Breakingviews - E-bikes give the two-wheeled market a jolt(Reuters Breakingviews) - Electric bikes are giving the market for two-wheeled transport a big jolt. The pandemic that has boosted demand for bicycles also looks set to accelerate the shift to battery-assisted pedalling. As in the automobile market, though, the change is disruptive. Established players will have to make room for new upstarts. Breakingviews peter_tl Breakingviews peter_tl Great ❤️ Love Run Bike Breakingviews peter_tl Free market And mask manufacturers
Source: Reuters - 🏆 2. / 97 Read more »
'I don't know exactly what the secret is': Zoom's marketing chief on the company's rise through the pandemicZoom's chief marketing officer Janine Pelosi said the company has a 'massive responsibility' given its rise. The secret? A global pandemic forced the world into video chats and somehow yours got selected over Skype because the larger companies didn’t develop them until later... It works very well! That's the secret. I don’t use it ✋🏻
Source: CNBC - 🏆 12. / 72 Read more »