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Old May 23rd 20, 06:11 PM posted to uk.rec.cycling
Simon Mason[_6_]
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Posts: 2,244
Default Bike shops run out of stock as sales boom with 200% increase aspeople try to avoid using public transport

On Saturday, May 23, 2020 at 6:02:34 PM UTC+1, TMS320 wrote:
On 23/05/2020 16:59, Peter Parry wrote:
On Fri, 22 May 2020 18:19:55 +0100, Bod wrote:

Halfords, Decathlon, Evans and WheelBase are selling out of bikes in
their stores
Seven out of ten customers are new or returning cyclists, industry body says
Spike in sales comes as Britons gear up for like after lockdown meaures
end.


Yet another great renaissance for pushbikes which will probably last
as long as the last half dozen revivals - until the first rain.

Or before :-

"Mavic, one of the most famous brands in cycling,.. it has fallen into
receivership."


It looks like this is a victim of some sort of corporate shenanigans.

On the other hand, anybody that bought Halfords shares in the middle of
February is sitting on a 3 fold increase.


Whereas my BP shares have crashed by 50% due to lack of demand for oil as no-one is driving much. At one point they were paying buyers to take oil away due to lack of storage space.
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