Giant’s first quarter report points to a generally flat year for sales

By Stephen Frothingham

TAICHUNG, Taiwan (BRAIN)—Giant executives are forecasting a generally flat year of growth in Europe and caution that sales in the U.S. could be hampered by excess inventory. On the other hand, Giant’s first quarter report notes that e-bike sales in Europe, especially in the Netherlands, Germany and France, offer a bright spot in a generally downbeat report.

In releasing its first quarter report, the Taiwan manufacturer said its revenue dipped 1.4 percent to NT $14.35 …read more

Via:: Bicycle Retailer and Industry News