TAICHUNG, Taiwan (BRAIN) — The global slump in bicycle sales, especially in the U.S. and China, has taken a toll on Giant’s first three quarters of 2016 with overall revenue down 6.5 percent. Giant posted revenue of NT $44.2 billion ($1.38 billion) for the first three quarters compared to the same period last year of NT $47.3 billion.
ANAHEIM, Calif. (BRAIN) — Thieves made off with Box Components products worth about $100,000 at retail in an overnight break-in at the company’s headquarters here Wednesday. The theft of some pre-production mountain bike drivetrain components is causing the most headaches, said Gregorio de Haro, the company’s director of sales
SCOTTS VALLEY, Calif.
New company is working with Oak Ridge National Laboratory to offer low-cost, high-volume carbon fiber to transportation, energy and infrastructure industries. OAK RIDGE, Tenn. (BRAIN) — Tour de France hero Greg LeMond is involved with a new company that is working with Oak Ridge National Laboratory to offer low-cost carbon fiber to several industries, including the transportation and renewable energy markets.
TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier Giant also forecasted continued uncertainty in the marketplace as the industry heads toward the end of the year. For Giant, the numbers are mixed
E-bike sales drive growth in Europe. HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.
Investment firm provides capital for expansion.
Sales of higher priced e-bikes in Europe continue to drive revenue and profits. HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company’s German and French bike brands. Accell owns several European brands including Batavus, Sparta, Koga, Loekie, Ghost, Haibike, Winora, Lapierre, Tunturi, Atala and XLC.
Company plans to move the brand to Taiwan, will continue some legacy products as it adds new models. SCOTTS VALLEY, Calif. (BRAIN) — Marzocchi is unlikely to contribute much to Fox Factory’s bottom line for at least a year, Fox executives warned investors Wednesday, saying it will take some time and money to resurrect the Italy-based brand, which is currently dormant
The retail tracking service says less traditional bikes are driving sales growth PORT WASHINGTON, N.Y. (BRAIN) — ?The NPD Group says IBD bicycle dollar sales grew 6 percent in the 12 months ending in August, driven in large part by growth in sales of electric, hybrid, and mountain bicycles. ? “Bicycle sales typically peak in April and May, but are picking up during the fall and early winter months, which coincides with the fact that cycling, regardless of season, has become embedded in the everyday lives of more consumers,” the group said in a press release Tuesday.