BikeBiz Bicycle and cycling retail news

In its financial statements, released today, it's revealed that Tandem Group PLC's full-year pretax profit has risen to £1.2m for the year to January 31st. However, turnover at Falcon and Dawes is lower than the previous year and is being blamed on "withdrawal from low-margin business" and a "shortage of components."

Part of the sale uplift is due to global sales of Thump, Oakley's MP3 playing shades. But, like Camelbak, Oakley is also a company that sells well to the military, especially to soldiers posted to the Middle East...

After a four year gap, Axo is back in the UK thanks to Raleigh UK Ltd.

The influential Cochrane Collaboration said today that "community-based campaigns that involve free or subsidised helmets are the best way of increasing use of cycle helmets by children." Bike trade commentators disagree, arguing that free helmets will be cheap, badly fitting helmets, worn incorrectly.

“We had one of the best ID meetings in GT history this week, a reflection of an outstanding year thus far,” said Pete Garski, director of GT’s international sales. “Our 2005 model year international sales are up more than 37% over the 2004 model year.”