How 99 Bikes plans to return to profit with an electric-powered push

Australian specialty retailer 99 Bikes has announced its B Corp certification as the business continues to backpedal from its AU$12.4 million loss in FY23 after a AU$23.7 million profit the year prior.  The retailer benefitted from an unprecedented sales boom during Covid, which saw revenue climb 51 per cent year on year to reach nearly AU$200 million in FY20, but the business has faced overstocking challenges post-pandemic that have dragged its revenue and profit. The company expects to post a

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