REDDITCH, England - Contrary to the general trend in the British retail market, Halfords UK reports an increase in bicycle sales in its 28 March trading update. The company's focus on its range of premium mechanical bikes that have a price tag of more than £1,000, as announced last year, turned out for the best.
AMSTERDAM, the Netherlands - Pon Holdings has made significant strides in 2024 towards enhancing its focus on mobility through strategic investments and divestments. Despite market uncertainties, Pon Holdings recorded stable revenues of €9.9 billion, matching the prior year's results normalised for divestments.
PLOCHINGEN, Germany - Demand for bicycle and team sports products within the extensive product portfolio of Decathlon has been very strong in Germany last year, reports the sporting goods retail giant. Decathlon expanded their market share in the otherwise weak German bicycle market in 2024 and reported a sales increase of 8% in the category bicycles. However, exact sales figures have not been disclosed.
MASER, Italy - The brand relaunch of Sidi after the takeover by Italmobiliare Group in 2022 has turned out to be very profitable. The Italian cycling and motorcycle shoes manufacturer reports a 33.1% year-on-year growth in turnover to €31.7 million.
TAICHUING, Taiwan -Taiwan´s third-largest bicycle manufacturer Ideal Bike Corporation significantly reduced its costs in 2024, according to the limited financial information communicated by the company. However, last year's revenue of TWD 2.65 billion (€737.46 mln) still represented a year-on-year drop of 27.5%.
TAICHUNG, Taiwan - The excess inventory of Giant Group's own brands in Europe and the US in particular, continued to impact the financial performance of the company. The board of directors reported a 7.4% decline in consolidated sales to NT$71.28 bn (€1.98 bn) in 2024. While all financial indicators were negative for 2024, Giant Group remains positive for 2025.
