High-end bikes still in demand says Giant, as it announces 12.5% revenue increase
March 13, 2023
The demand for high-end bikes remains strong according to manufacturer Giant, which has announced a 12.5% jump in revenue for 2022.
However, it also has excess inventory for low to mid-priced components – an area it says has cooled off considerably – while high-end components are still harder to come by, according to a report in Bicycle Retailer. Yahoo Finance