Giant’s profits slashed by 17% and sales down 13% for first half of 2024 – but company expects “gradual” improvement as inventory levels return to normal
Giant says it expects its financial situation to “gradually” improve towards the end of 2024 as inventory issues that have plagued the bike industry in Europe and North America begin to normalise, after the bike brand reported that its pre-tax profits have slumped by 17 per cent during the first half of the year, with … Read more