Dorel Has Difficult 1st Quarter; Sports Division Takes Another Blow

MONTREAL, Canada - The liquidation of Toys“R”Us in the U.S. hampered listed Dorel Industries Inc in the 1st quarter of 2018. It turned Dorel Sports into a loss-making business also due to weak consumer demand at major retailers as well a “less favourable sales mix”. This should turn around in the coming months with the introduction of “exciting model year ’19 mountain and road bikes” while Cannondale will launch a complete e-bike line in Europe.
Dorel Sports including its premium bicycle division, Cycling Sports Group (CSG), saw its operating profit decrease to operating loss. – Photo Dorel