Bicycle sales on bumpy terrain as Covid cycling craze screeches to a halt
Retailers are struggling to move inventory as interest dwindles
Add BT as a preferred source
AFTER peaking amid the Covid-19 pandemic, bicycle sales in Singapore have plunged as interest waned, with some retailers reporting worse sales now than in 2019.
Bicycle retailers told The Business Times that sales have plunged from the highs of the industry’s 2020 boom, with estimated falls ranging from 30 to 70 per cent.
Some businesses have reduced their number of outlets, while others have closed for good.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
