Reported 8 months ago
Giant Group's Chairperson Du Hsiu-chen and CEO Liu Yong-chang expect the bicycle industry to resume positive growth next year. They mentioned that even the U.S. market with the most low-end product inventory has started to receive additional orders, indicating a turnaround in inventory structure and marking the end of the industry's downturn. The company anticipates improved performance in the second half of the year, especially in the growing Chinese market where high-end bike sales have surged significantly.
Source: YAHOO