sales-decreased

Shimano bike component sales nearly flat in first quarter

Net sales in the bike division were down 0.9 percent in Q1. OSAKA, Japan (BRAIN) — Shimano’s bike-related sales were down 0.9 percent in the first quarter compared with the same period last year, while operating income in the segment was down 3.2 percent. Recording sales that were almost equal to the first quarter of last year is nothing to crow about: The first quarter of 2016 was devastating for much of the bike industry, and  Shimano’s bike-related sales in Q1 last year were down 20 percent from 2015 .  The company said the European and U.S.