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8 May 2024

More than 400 children and adults have cycled through Brighton and Hove to ask for the streets to be made safe for cycling with a network of separated cycle lanes.

7 May 2024

The Institute for Public Policy Research (IPPR) has criticised the UK government for a “shocking lack of progress in making streets more attractive for walking, wheeling and...

7 May 2024

Cycling enthusiasts in Warrington are to be treated to a new cycle shop opening in the town centre.

7 May 2024

A record number of daily trips were taken on shared bikes in the UK last year, with more people using e-bikes instead of conventional pedal cycles for the first time.

30 Apr 2024

The UK’s estimated 7.6 million cyclists are being urged to get on their bikes on Saturday May 4th and head down to their local independent bike shop, as many prepare special activities to...

23 Apr 2024

This May, join the movement to create safer, more bike-friendly streets with the Bike Month Challenge and #MakeEveryRideCount!

23 Apr 2024

The number of reported e-bike thefts doubled in the space of a year in the UK, with a 103% increase in 2023 compared to 2022, according to a study by Evolve E-bikes. While the...

22 Apr 2024

Small shops have been more "agile" at fighting COVID sale slumps than chain stores, according to a new report.

22 Apr 2024

For the first time in its campaign to help the city address escalating lithium-ion battery fires, the Fire Department of New York filed criminal charges against a Brooklyn e-bike shop owner for...

22 Apr 2024

The managing director of Brompton has backed a campaign to introduce stricter e-bike battery regulations in the UK, amid "too many examples of e-bikes, e-scooters and light electric...

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Study asks - How Does a Bike Shop Know What to Buy?

Posted on in Business News , Cycles News

A new study conducted by the Department of Industrial Engineering, Capital University of Economics and Business, Beijing, says a bike’s cost and the income of the buyer play the biggest roles in determining what will make money.

What to buy

The study says, “businesses in the bicycle market face the challenge of accurately predicting sales to ensure optimal inventory management, production planning, and customer satisfaction.”

The study looked only at correlation and could only speculate as to cause. Possible economies of scale present in large orders increased profit only slightly. But when people are willing to pay more for a premium product, profit rises. The authors suggest further research into factors they didn’t explore, such as national policy, season, and local terrain.

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