Taiwanese Bike Makers Plunge in Q1
Mirroring their larger competitor, Giant Group, Merida Industry and Ideal Bike posted significant sales declines in the first quarter. Merida revenues tumbled 30% to TWD 5,845.5 million ($187.4mm) from TWD 8,386.6 million, but a 130 basis point improvement in gross margin to 18.4% and stringent cost cuts below the line kept the ... Log in to view full article.
