Thule Group sales up 6 percent in Q1

By Stephen Frothingham

STOCKHOLM (BRAIN) — Thule Group saw sales growth of 6 percent in the first quarter, reporting its strongest sales in Europe. The company introduced new products in several categories in the quarter and announced a reorganization of its North American distribution structure.

The 6 percent sales increase to SEK1.38 million ($173 million) was after currency adjustments. Net sales were up 5.5 percent. The company said its Sport & Cargo Carrier and Outdoor & Bags segments …read more

Via:: Bicycle Retailer and Industry News