Colruyts Bike Republic is stepping up its attempts in consolidating bicycle shops

With that nationwide coverage, Bike Republic aims to develop into a big player in the rapidly growing bicycle leasing marketplace. ‘When we purchased Bike Republic, 17% of our turnover came from rental bikes. Now it is really 25% and it can absolutely improve 30 to 40%, “suggests Teerlynck. Not like D’Ieteren’s subsidiary Lucien, which also presents its very own rental formulas, Bicycle Republic will never. It functions, just like Lucien, with current rental corporations. You can make an appointment for routine maintenance in the Xtra application, which is also used in all other Colruyt outlets. If you wish, bike repairers will occur to pay a visit to you at household or at perform.

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10,000

bicycles

Bike Republic has 10,000 bikes in inventory.

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Teerlynck may possibly not be licensed to figure out recent or potential turnover, profit or variety of bicycles offered say nearly anything. The facts are consolidated in the shown Colruyt. He claims the chain now has 170 workers and a inventory of around 10,000 bikes, of which 7,000 are e-bikes. ‘No income without the need of inventory.’ This inventory is a great asset in moments when supply times for new bicycles and cars and trucks have elevated enormously.

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Hunt for acquisition

In addition to opening solely new outlets, Bicycle Republic is on the hunt for acquisitions and is wanting to acquire advantage of consolidation in the bicycle retail sector. The outbreak of the crown disaster and the resulting scarcity of areas have sparked a revolution in the sector. Given that then, bicycle makers have been inquiring retailers to order their bikes up to two years in advance with no figuring out if they will truly promote them all.

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Complete screen view

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Owing to the increasing popularity of e-bikes, bicycles are also becoming much more and much more expensive. Sellers have to spend for costly bicycles requested quickly when the manufacturer provides them, even if they never have an finish consumer for them yet. This puts a lot of compact bike shops with dollars difficulties that can barely be triumph over.

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Huge abundant chains like Bicycle Republic and Lucien are inundated with offers to acquire above smaller bike retailers. However, Bicycle Republic is only interested in the more substantial bike stores, with at the very least 5 workers associates.

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We want to be the reference in the planet of biking, but we you should not automatically have to be the finest.

Wim Teerlynck

Bicycle Republic Typical Manager

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With the new advancement momentum, Bicycle Republic desires to distinguish itself from new rivals these as Lucien or Raida. “We want to be the reference in the globe of biking, but we you should not automatically have to be the greatest,” suggests Teerlynck.

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opposition

D’Ieteren Lucien’s subsidiary now has 9 branches: two in Brussels and seven in and close to Antwerp. By 2025, the chain will have 25 branches e guide a turnover of at the very least 100 million euros. Lucien’s supervisor, Karl Lechat, resolved earlier this calendar year to have “five to ten retailers in Brussels by the summer time” and now states 4 new acquisitions are in the approach of finalizing.

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Of dome of the Raida regional bicycle shops it now has 22 branches and is continue to operating on enlargement, primarily in the Funds Region. The chains really don’t want to know about the rigid level of competition to consider over the greatest independent bike stores. “Collectively we make the current market larger,” states Teerlynck. Lechat: ‘The battle is on these days for ample and ideal staff and bikes.’

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