Major UK retailer Sigma Sports posts £4.1m loss in ‘challenging year' for industry

Company’s 2022 accounts reveal first loss in eight years - with rising interest rates, Russia's invasion of Ukraine and post-Covid economic environment cited as factors

Sigma Sports Oakham
(Image credit: Sigma Sports)

Cycling retail giant Sigma Sports has recorded a pre-tax loss of £4.1million for 2022, citing a “challenging year for retailers in the UK”. 

The company’s latest accounts, which were released last week and cover the year up to 31 December 2022, reveal a pre-tax loss of £4,151,345, down from a profit of £6,584,733 in the year before.

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Tom Davidson
Senior News Writer

Tom joined Cycling Weekly as a news and features writer in the summer of 2022, having previously contributed as a freelancer. He is the host of The TT Podcast, which covers both the men's and women's pelotons and has featured a number of prominent British riders. 

An enthusiastic cyclist himself, Tom likes it most when the road goes uphill and actively seeks out double-figure gradients on his rides. 

He's also fluent in French and Spanish and holds a master's degree in International Journalism.