Giant sales fall by 20% as bike industry woes continue

Giant slashes bike prices on TCR, Propel and Defy models in huge ... - MSNGiant sales fall 16% but brand 'optimistic' about industry’s future - MSN

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Giant Sales Fall By 20% As Bike Industry Woes Continue

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Giant slashes bike prices on TCR, Propel and Defy models in huge ... - MSNGiant sales fall 16% but brand 'optimistic' about industry’s future - MSN

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Giant Just Suffered A Massive Sales Slump—but The World's ... - MSN

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Taiwanese bicycling mega-brand Giant Group reported a significant drop in year-over-year sales for 2023. With 2023 sales of NT$76.95 billion in 2023—or about $2.43 billion USD at the time …

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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 fiscal year were down 7.1% compared to the same period last year. The company said that while …

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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 showing signs of continuing, as Giant reported a drop in sales of 20% in the first quarter of 2024. …

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Giant Slashes Bike Prices On TCR, Propel And Defy Models In Huge …

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The sale comes hot on the heels of last week's announcement that the Taiwan-based brand's sales had dropped by 20% in the first quarter of 2024. Giant cited post-Covid era inventory …

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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 sale. Sure, they stopped doing this during COVID when they couldn't get stock quick enough, but …

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Giant Sales Fall 16% But Brand 'optimistic' About Industry’s Future

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D espite 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.

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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 "optimistic" with long-term prospects and believes e-bikes are key opportunity to "broaden …

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Giant Group Revenue Down 13% In Half - Bicycle Retailer And …

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Aug 12, 2024 · TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.The …

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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 dollars off silliness but an actual sale discount) Reply reply Jamesglodge

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

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Giant predicts continued short-term "challenge" for bike industry as profits almost halved and sales down 16% last year road.cc Open. Share Sort by: ... Bought an fairly low end Giant …

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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 bike sales drop 20% in the first quarter?

The sale comes hot on the heels of last week's announcement that the Taiwan-based brand's sales had dropped by 20% in the first quarter of 2024. Giant cited post-Covid era inventory issues as a contributory factor to the fall in sales. With the bike industry continuing to face challenging times, sales of this nature remain a regular affair. ...

Why did Giant Drop 20% in sales in 2024?

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. ...

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

D espite 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. ...

How has the bike industry changed over the years?

With the bike industry continuing to face challenging times, sales of this nature remain a regular affair. In recent months Specialized UK cut prices across a wide range of products, from bikes to apparel, while the likes of Canyon have run similar discount campaigns. ...

Is Shimano a 'challenge' for the cycling industry?

The news is not surprising, coming weeks after Shimano reported a huge fall in sales for the same opening period of the calendar year, and follows on from Giant last month predicting a continued short-term "challenge" for the cycling industry having reported a fall in pre-tax profits of 45 per cent in 2023, while sales were down 16 per cent. ...