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Why Your Favorite Bike Brands Are in Trouble "Specialized Bicycle Company & Giant Group" • That's It For Bike Shops? The 2025 Sh... Based on recent reports, here's a summary of Specialized and Giant's current situation. I'm focusing on their financial performance and any challenges they face. Here's a summary of the current situation for Specialized and Giant, based on recent reports: ✅ Giant: Giant Group's operating profits declined significantly by 60% last year. This was largely due to writing down inventory provision losses, recognizing the decline in inventory value due to discounting. While full-year revenues were down 7.4%, the company anticipates a profit recovery in 2025. Preliminary figures for the first two months of 2025 show some improvement, with revenues up 13.11%. ✅ Specialized: While direct financial information for Specialized is not readily available, Merida Industry Co., which owns a 35% stake in Specialized, recorded a non-operating loss of over $100 million related to that investment in 2024. This loss was attributed to a deferred tax loss and write-downs on Specialized's retail operations. Merida stated that Specialized's inventory position and cash balance have returned to pre-pandemic levels. Brain (Bicycle Retailer and Industry News) article: ✅ Merida writes down $105 million impairment related to Specialized investment: https://www.bicycleretailer.com/inter... ✅ Giant operating profits down 60% last year: https://www.bicycleretailer.com/inter... • 2025 Bicycle Industry Crisis: What Yo... As The Wheel Turns, So Do The Days of Our Rides. This series is my reflection on current events in the industry and consumer perspective. With my 30 years in the business, I try to give a better understanding and some added context to today's topics. Let's have a look. his Old Bike @This_Old_Bike 🗞️ Sign Up for my Newsletter: http://eepurl.com/hRAwTP Tools and Products Featured (Affiliate): 🛠 Shop Tools to Parts That I Use in the "Garage Shop": https://www.amazon.com/shop/iknowaguy... 🚿 15% Off Lithium Products that I used in this video: https://lithiumautocare.com/?ref=IKno... 👕 "The Guy's" T-Shirts: https://i-know-a-guy-bicycles.mysprea... 🎙 New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/58456733... 🛠️ Check some of Mendham Deals: https://mendhambikes.com/ 🛠️ 15% Coupon Code: YOUGOTTAKNOW Where to find me: 🩷 Website: https://iknowaguybicycles.com ❤️ "The Guy's" T-Shirts: https://i-know-a-guy-bicycles.mysprea... 🧡 Bikes: https://iknowaguybicycles.com/product... 💛 Parts: https://iknowaguybicycles.com/product... 💚 Facebook: / iknowaguybicycles 🩵 E-Mail: [email protected] 💙 Instagram: / iknowaguy_bicycles 📬 Attention Companies: If you are interested in working with me, don't hesitate to get in touch with me here at [email protected] If there is Music. Music By: Song: Keep Stompin' Music by: CreatorMix.com @CreatorMix 0:00 Intro 0:16 Real Hurt 1:05 How Did We Get Here? 4:05 Not so Bright 5:04 Bicycle Retail is HARD! 9:23 Now What? 11:35 Please Share 12:16 Thank you! #bike #bicycle #sports