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	<title>Retail News Update &#187; not-for-profit</title>
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		<title>Asda launches zero-profit bicycles</title>
		<link>http://artrm.com/retail-news/2009/06/asda-launches-zero-profit-bicycles/</link>
		<comments>http://artrm.com/retail-news/2009/06/asda-launches-zero-profit-bicycles/#comments</comments>
		<pubDate>Mon, 22 Jun 2009 01:58:17 +0000</pubDate>
		<dc:creator>retailnu</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[News & Articles]]></category>
		<category><![CDATA[ASDA]]></category>
		<category><![CDATA[Bicycles]]></category>
		<category><![CDATA[Bikes]]></category>
		<category><![CDATA[low-cost]]></category>
		<category><![CDATA[not-for-profit]]></category>
		<category><![CDATA[Pedal Power]]></category>

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		<description><![CDATA[Asda says it will not be making any profit on a new range of bicycles, which it claims are the cheapest available in the UK, launched as part of its Pedal Power promotion.]]></description>
				<content:encoded><![CDATA[<p>Asda says it will not be making any profit on a new range of bicycles, which it claims are the cheapest available in the UK, launched as part of its Pedal Power promotion.</p>
<p>The retailer is seeking to increase the amount of cyclists by making new bikes more accessible to all. Its new range of four British Eagle bicycles offers child-sized versions for £50 and adult ones for £70.</p>
<p>“Price should not be a barrier on whether or not to buy a bike, therefore ASDA has worked incredibly hard to introduce these British Eagle bikes at a market-leading price on a not-for-profit basis. Cycling is the perfect low-cost activity for all the family to stay healthy and spend quality time together,” says Asda Leisure Trading Director Mike Logue.</p>
<p>The bikes will be in-store from 21 July to 9 August.</p>
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