Readers of the print BikeBiz should note that Raleigh will no longer be supplying QXL.com.
Dave MacArthur told BikeBiz today that the QXL.com deal was a mistake.
It was an error by [the same account manager who exceeded his authority over the 9feet.com agreement and has left the company]. It should have just been a Maxlite clearance deal but turned into more than that.
Raleigh reports a sales increase of 6 percent for 1999, with a last minute dash resulting in a 15 percent jump in the fourth quarter alone. More figures when we get the full results from US-based Derby Corporation, owners of Raleigh.