Thule Warns Of Bike Market Inventory Imbalance
September 13, 2022
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year.
Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time, was unstable with high inventory levels of bikes and bike accessories in the low- to mid-price range and that the situation could impact demand for Thule products. SGB Media