Sales slump at Giant

Worldwide consumption of mid to high end bikes is down far lower than expected
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According to a report in Bicycle Retailer and Industry News, the American trade magazine (which in turn is quoting Bloomberg News, the financial news broadcaster), sales at Giant Manufacturing are down 40 percent.

Giant is one of the largest suppliers to the worldwide specialty retail market, says Bicycle Retailer. A forty-percent drop in Giants sales may mean the entire specialty retail channel is experiencing a slowdown greater than anticipated.

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