Giant sales fall by 20% as bike industry woes continue

Giant profits fall 49% with 'weak demand' in US and EuropeGiant sales fall 16% but brand 'optimistic' about industry’s future

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Giant Sales Fall By 20% As Bike Industry Woes Continue

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Giant profits fall 49% with 'weak demand' in US and EuropeGiant sales fall 16% but brand 'optimistic' about industry’s future

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Cyclists Blame "utterly Ridiculous Bike Prices" For Brands' Ongoing ...

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May 15, 2024 · > Giant sales down 20% and profits slashed by 38% as bike industry …

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Giant Sales Fall By 20% As Bike Industry Woes Continue

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May 15, 2024 · The woes facing some of the biggest companies in the bike industry are …

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Giant Group Says Sales Down 7% Year-to-date Due To 'conservative ...

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Nov 11, 2024 · TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first nine months of its …

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Giant Sales Fall By 20% As Bike Industry Woes Continue : R/MTB

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Giant sell at these prices so they can shave 20% off for a closeout, or a negotiation during a …

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Giant Predicts Continued Short-term "challenge" For Bike Industry …

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Mar 14, 2024 · Taiwan-based bike brand saw pre-tax profits fall 45% in 2023, but remains …

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Giant Sales Fall By 20% As Bike Industry Woes Continue

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Giant sales fall by 20% .. gee I wonder why esp when their bikes rarely go on sale (not the 200 …

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Giant Group Consolidated Revenue Down 12.6% In First Half Of 2024

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Aug 13, 2024 · Giant Group confirmed demand for high-end bikes in on Chinese market …

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Giant Sales Down 20% And Profits Slashed By 38% As Bike Industry ...

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Giant sales down 20% and profits slashed by 38% as bike industry challenges continue

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What's going on with giant & the bike industry?

Giant has sent the latest signal of the ongoing challenges facing the bike industry as its sales fell by 20 per cent in the first quarter of 2024 as post-tax profits slumped by 38 per cent. ...

Why did Giant Drop 20% in sales in 2024?

Here’s how it works . The woes facing some of the biggest companies in the bike industry are showing signs of continuing, as Giant reported a drop in sales of 20% in the first quarter of 2024. According to the brand, inventory issues that have arisen in the post-Covid era are largely to blame for the drop off. ...

What happened to bicycle retailer?

However, in early August of last year, it was reported by Bicycle Retailer and Industry News that the company’s first-half revenues were only down by 5.4 percent, a dip that was salvaged by a 70 percent sales increase in China over that period. Conversely, over that time, Giant sales in the United States dropped by 44 percent. ...

Does giant group still sell high-end bikes in China?

Giant Group confirmed demand for high-end bikes in on Chinese market continues to be strong. However, also for the first half of 2024 it was still not enough to compensate for the sales decline in other main markets. “We even ship bicycles that cannot be sold in Europe and North America to China. ...

Is giant 'optimistic' about the future of e-bikes?

Here’s how it works . Despite a drop in sales, bike manufacturer Giant is “optimistic” about the future of the cycling industry, highlighting e-bikes and China as key markets for growth. Earlier this week, the Taiwan-based brand released its financial report for 2023 which showed a decline in sales of 16.4% year on year. ...

Will giant e-bike sales go back to normal this year?

(E-bike sales provided 35% of Giant’s half-year revenues.) “Considering the global economy situation, as well as the current market is undergoing inventories adjustments, this year would be a year to adjust production, sales, and supply back to normal,” stated a Giant financial press release from earlier this week. ...