Thule is standing firm behind the bicycle market’s long term prospects, as record investment pours in to city bike lanes and mountain biking trails, but is taking a more cautious approach in the short run. The maker of bike racks and other products said that its own sales would lag in the second half along with the retail sector at large, hurt by last year’s record comps, rising inventory and consumer behavior changes. During a Q3 update call, Thule said low- to mid-level bikes were building up at retail, rebounding from ... Log in to view full article.