Public financial information show Wiggle trailing close behind Chain Reaction Cycles in annual turnover and recent news on a pending move from Portsmouth to the British Midlands could signal a shift in the top position of online bicycle shops.
Wiggle has reportedly outgrown their 95,000 feet distribution centre in North Harbour, Portsmouth and earlier this year was reportedly looking for a warehouse facility around 300,000 feet.
The local news reports 200 Portsmouth jobs at risk as cycle firm Wiggle considers move to Midlands and addresses the employment of locals and potential redundancies.
Wiggle is now reportedly moving to a huge Citadel Logistics Centre in Bilston, Wolverhampton which is in the British midlands and set to create hundreds of new jobs.
Express & Star regional newspaper published the following on October 1. 2014 in the article titled: Sport firm to create hundreds of jobs in Wolverhampton warehouse move
James Murray, spokesman for Bridgepoint, which bought the majority shareholding in Wiggle in 2011, said: “It didn’t make sense to have a distribution centre located at one end of the country. This new site is right in the middle.
“At this stage it is expected to create several hundred posts over the next two years.
“The total will depend on the number of people who transfer from Portsmouth. Consultation with the workforce there has yet to take place,” he added.