Posts Tagged ‘Giant’
Letter from America: The Major Players Are Getting Bigger – Fast!
Giant and Dorel Both Announce Record Sales and Profits
In the first round of reporting for publicly listed companies since the Covid impact upon the bike industry came into full effect, sales for both Giant and Dorel were up significantly. Giant Group’s sales for the second quarter of 2020 (from 1st April to 30th June 2020) were NT$19.7 billion (A$929 million) and its earnings…
Major Bike Companies’ Share Prices are Hitting Highs
With the Covid-19 induced global bike boom showing no sign of abating, share prices of listed bicycle business including Giant, Accell Group, Thule Group, Fox Factory, MIPS and Dorel Industries (owner of Cannondale, Mongoose, Schwinn, GT etc) have been on the rise. Shimano quickly zoomed past the price it was trading at before the pandemic…
Bicycle Wholesalers Share Their Thoughts on Current Situation
In addition to surveying 25 retailers for this month’s newsletter, we sent emails to CEO’s of 12 of the largest bicycle wholesalers in Australia. We focused upon companies who mainly import complete bicycles, as opposed to P&A. Next month we’ll contact some P&A specialist wholesalers for their opinions. Thanks very much to all those who…
MTB Trails Cause Real Estate Boom and New Bike Shop
Giant’s Ebike Manufacturing Growing at 56% Year on Year
Giant & Shimano Trading Strongly
Two of the cycling world’s best known manufacturers have released their latest financial reports showing strong sales and profits over recent months. On 19th March Giant announced that its sales for 2018 grew 9.1% over 2017 to NT60.24 billion (A$2.83 billion) with net profit up 46.3% to A$203 million. Giant said that strong ebike demand…
New Giant Thornleigh Store Opening Soon
Canberra based retailer Pushys is expanding into the Sydney market. They’re starting a brand new store in the outer northern western suburb of Thornleigh 27 km from the city centre. The new store which will be at 292 Pennant Hills Road Thornleigh is on the same side of the road almost next door to two…