Posts Tagged ‘Giant Group’
World News Briefs: Giant to Sell via ‘Big Box’ Retailer in the USA
Giant Opens ‘Big Box’ Retail Accounts in the USA Giant Group announced in early February that it will be selling via “approximately” 25 selected stores within the huge Dicks Sporting Goods (DSG) chain in the USA. Those stores are branded House of Sport, Public Lands and MooseJaw. According to Wikipedia, Dick’s is the largest sporting…
Industry Briefs: Giant, Merida, Trek Travel & Scott Sports SA
Giant has been crowned as Australia’s best-rated bicycle brand in an annual award conducted by a prominent consumer guide website. The Finder Retail Awards pitched Giant against 10 other bike brands that received enough customer reviews between November 2022 and February 2023 to be eligible for the category. The awards assessed each eligible brand on…
Four New Board Members for Bicycle Industries Australia
Melbourne, Victoria Bicycle Industries Australia’s board has been bolstered by a number of newcomers, including representatives of the nation’s three largest bike brands. Delegates from Specialized Bicycle Components (planning and operations manager Wade Budden), Trek Bicycle Asia Pacific (advocacy and engagement manager Mark Eedle) and Giant Group (marketing manager Alistair Wilson) were confirmed as new…
Giant Profits Halved But Mid-Term Optimism Remains
Taipei, Taiwan Giant Group’s nett profits have halved in the first quarter of 2023, compared to the same period in 2022, the Taiwan-based company revealed in a financial report released last week. Its consolidated financial report for the 2023 first quarter shows the group’s nett profit after tax was NT$836 million (A$40.49 million), a decline…
Giant Foreshadows Delayed Economic Recovery
Taichung City, Taiwan Inventory issues and the “headwind of economic outlook” will continue to affect short-term revenue and earning performance in the global bicycle industry, Giant Group declared in its 2022 financial year report released this month. The Taiwanese company says the bike market’s balance of the supply and demand is yet to normalise, although…
Giant Jumps into Indoor Market with Stages Purchase
Portland, Oregon Giant Group has escalated its presence in the indoor cycling market by investing heavily in one of the leaders in the sector in North America, Stages Cycling Inc. Taiwan-based Giant announced a US$20 million (A$29 million) investment in Stages, including buying 32.5% of the company’s ordinary shares. A statement from Giant says the…
Green Giant Celebrates Half a Century
Taichung, Taiwan Giant Group celebrated its 50th anniversary last month with a series of events held at the company’s global headquarters in the Central Taiwan Science Park and a strong focus on sustainability. Giant Group CEO Young Liu used the anniversary celebrations to launch the group’s future ESG (environmental, social and governance) strategy Cycling for…
Giant Profit!
The global Covid-induced bike boom has seen Giant Group’s net profit grow by almost half in 2020. Net profit for 2020 was up 46.7% over 2019. It reached NT$4.95 billion (A$228 million). This was based upon total sales for 2020 of NT$70 billion (A$3.22 billion) meaning that the net profit percentage rate was still a quite modest 7.1%. Giant said all its…
Global Bike Company Results Start to Reflect Covid Bike Boom
Giant Announces Record Sales for 2019
Giant Group, as the company is now known, saw a strong increase in sales and even bigger increase in profit for calendar year 2019. Sales grew by 5.3% to NT$63.45 billion (A$3.4 billion). Net profit before tax rose by 13.3% to NT $4.81 billion (A$258 million). The most important growth drivers of Giant Group’s 2019…