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Bira leads £1 billion damages claim against Amazon by UK retailers in landmark collective action

12 Jun 2024

A £1 billion damages claim has been filed against Amazon on behalf of retailers selling on Amazon’s UK marketplace for illegally misusing their data and manipulating the Amazon Buy... Read more…

Bira responds to KPMG Retail Sales Monitor report

10 Jun 2024

The British Independent Retailers Association (Bira) has responded to the BRC-KPMG Retail Sales Monitor for May 2024.
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Small independent Harrogate shop does it again at the national level with new awards glory

10 Jun 2024

Independent Harrogate computer shop Phase 4 Computers has been named as a finalist in the Tech Awards 2024.
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Knutsford fashion show highlights town's 'amazing independent shops'

10 Jun 2024

Independent boutiques in Knutsford have teamed up once again to showcase their new designs at the third Flash Fashion.
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Increasing numbers of UK consumers limiting their spending to goods on promotion

10 Jun 2024

Research of over 1,000 UK shoppers by Pricer shows 27% now only buy grocery items which are on offer – a +6 percentage increase compared to 2023. 
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Taunton book shop to host three talks from climate specialists ahead of election

10 Jun 2024

Independent Taunton book shop Brendon Books is to host talks from climate specialists ahead of the general election.
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Bira releases new podcast exploring accessibility on the High Street

3 Jun 2024

The British Independent Retailers Association has released the second episode of its 'High Street Matters' podcast series, this time tackling the important issue of accessibility for independent... Read more…

Independent Retailers Association Survey Shows Challenging Q1 for Traders

29 May 2024

Many independent retailers across the UK faced a difficult start to 2024 according to a new survey by Bira, the British Independent Retailers Association and the Association of Cycle Traders... Read more…

Harrogate record shop marks 30th anniversary with vinyl revival

29 May 2024

P&C Music – Harrogate's oldest independent record shop – is celebrating its 30th anniversary, having become a mecca for vinyl record fans in a wide variety... Read more…

Crickhowell’s Book-ish crowned best independent bookshop in UK and Ireland

28 May 2024

 A Powys bookshop has been named as the best independent in the UK and Ireland.
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UK bike sales hit 20-year low but long-term outlook remains positive

Posted on in Business News, Cycles News

The Annual Market Data Report for 2022 from The Bicycle Association (BA) reports annual cycle sales in the UK fell to 1.88 million units in 2022, a 20-year low, 27% below pre-COVID levels in 2019.

cycles parked

Sales of children’s bikes fell 28% below 2019 totals, dropping to 700,000 units sold in 2022. Sales of e-bikes have plateaued in the U.K. since 2020.

The report discusses key drivers shaping the market, including international comparisons between the UK and other markets. Sales in other key markets, including the US, have also been lower than pre-pandemic levels.

Although the outlook for this year remains challenging, it is expected that once the economic outlook has improved and overall supply and demand has returned to a more even keel, the longer-term prospects for the cycling market remain positive.

Commenting on the findings, Jonathan Harrison from the Association of Cycle Traders said:

“This will not come as a surprise to bike retailers, who are more than aware of the challenging economic climate and the effect it is having. However, we believe that by being creative, agile, and customer-focused, the sector will emerge stronger, particularly if together with government and local authorities, we can reinforce cycling’s position as a safe and attractive method of transport.”

The report shows how the UK bike market could recover, including selling more e-bikes, sales of which are far lower than in the rest of Europe.
Addressing this, the report adds, requires increased support and greater focus on cycling’s role in UK economic growth and net-zero strategy with local investment.

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