The bicycle industry has been widely affected by the CVID-19, and sales are generally not as expected. Among them, Giant Manufacturing saw consolidated revenue fall in March by 20%. Giant Group ’s consolidated revenue in March was NT$4.616 billion, a year-on-year decrease of 20.02%. The first-quarter consolidated revenue was NT$13.321 billion, a quarterly decrease of 15.45%.

Giant noted that since March, with the rapid spread of the COVID-19 pandemic in European and American countries, many countries, including Italy, Spain, France, the United Kingdom, have begun to impose lockdowns, asking people not to take to the streets. Most stores have suspended business causing a severe impact on the European bicycle retail market, and Giant Europe’s sales to decline significantly in March. Giant America ’s still has good sales performance.