News
EXEC: West Marine Files for Bankruptcy, Store Closures Expected
14+ hour, 56+ min ago (725+ words) Boating and fishing retailer West Marine, as expected, filed for bankruptcy protection after years of mounting pressure from high leasing costs that executives said drained cash and blocked recovery efforts. The filing at the U. S. Bankruptcy Court for the District of…...
EXEC: Giant Group March Bike Shipment Decline Moderates on Easier Comps
1+ mon, 1+ week ago (187+ words) Giant Manufacturing Co. , Ltd. (Giant Group) saw its negative shipment trends moderate in March 2026, following a massive year-over-year decline in February. February was up against a big increase in the prior-year month, driven by early shipments ahead of the Trump…...
EXEC: Giant Bicycle Monthly Shipment Deterioration Accelerates Into February
2+ mon, 1+ week ago (211+ words) After opening the year on a down note with bicycle shipment revenue for January 2025 declining in double-digits, Giant Manufacturing Co. , Ltd. (Giant Group) reported that the downward trend accelerated sharply in February when posting a 40. 0 percent year-over-year (y/y) decline to…...
EXEC: CBP Forced Labor Division Sees Giant Bicycles Issue as a Top Priority
2+ mon, 1+ week ago (192+ words) Giant Group recently provided an update regarding its March 5 meeting with officials from the U. S. Customs and Border Protection (CBP) Forced Labor Division concerning the Withhold Release Order (WRO) affecting Giant's Taiwan manufacturing operations. CBP reportedly told the company that the…...
EXEC: Traffic Distribution Partners with Cycle Source Logistic to Serve U. S. Bike Market
3+ mon, 1+ week ago (292+ words) Traffic Distribution Gmb H (Traffic), which is based in Cologne, Germany, is expanding its global network with the launch of Traffic Distribution USA Inc. (Traffic USA). The launch is said to coincide with the 30-year anniversary of We The People…...
5. 11, BOA and Primaloft Parent CODI's Debt Ratings Downgraded
3+ mon, 3+ week ago (219+ words) Moody's also noted that the company's liquidity is also constrained by the approaching maturity of its credit facility in July 2027, sizable term loan amortization payments in 2026, and stepdown of financial maintenance covenant thresholds. CODI's businesses also include'Velocity Outdoor, The Honey…...
Macy's to Cut Over 1, 000 Jobs in Connecticut Fulfillment Center Closures
4+ mon, 4+ day ago (351+ words) Macy's Inc plans to close two fulfillment centers and a store delivery and customer returns facility in Connecticut in March, laying off more than 1, 000 workers. The affected warehouses include two in Cheshire, CN, at 475 Knotter Drive and 181 W. Johnson Avenue, and…...
EXEC: Giant Group Works Toward Resolution of Labor Charges in Meeting with U. S. CBP
6+ mon, 3+ week ago (210+ words) Giant Group is reporting that a team from the company met with the U. S. Customs and Border Protection (CBP) in Washington, D. C. in late October for an official, in-person meeting. The atmosphere was said to be positive and constructive, according to Giant,…...
Report: RV Shipments Up 15 Percent in June
9+ mon, 3+ week ago (127+ words) The RV Industry Association's June 2025 survey found total RV shipments for the month of June at 29, 332 units, a 15. 9 percent increase from the 25, 308 units shipped in June 2024. Year-to-date, shipments are up 6. 8 percent, reaching 190, 705 units. Towable RVs, led by conventional travel trailers,…...
EXEC: Giant Group June Bike Shipments Exhibit Worst Decline Since October 2023
10+ mon, 3+ day ago (245+ words) Giant Manufacturing Co. , Ltd. (Giant Group) saw June 2025 deliver the worst monthly year-over-year bike shipment trend since October 2023 as sales fell 30 percent, the third consecutive double-digit decline. June shipments declined 30. 0 percent y/y to NT$4. 97 billion, pushing the six-month first…...