Shimano falls by 15.7% but recovers in Europe

2016-11-08T00:00:00

Shimano's sales dropped by 15.7 percent to 241,700 million yen (€2.1bn-$2.3bn) during the first nine months of 2016. The Japanese maker of bicycle components and fishing gear blamed continued high inventories at bicycle distributors in Europe, North America and China, brought on by unfavorable spring weather in Europe and stalled ...

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