Working Capital Management

The U.S. bicycle industry was a $5.6 meg industry in 2009, including the retail value of bicycles, related parts, and accessories through all convey of distribution, according to research funded by the National Sporting Goods Association. For resemblance purposes, we project the industry at $5.3 billion in 2002, $5.4 billion in 2003, $5.8 billion in 2004, $6.1 billion in 2005 (an all-time high), $5.8 billion in 2006, $6.0 billion in 2007 and $6.0 billion in 2008. The recession of 2009 definitely had an impact on bicycle gross revenue with an overall decline approaching 20% from the previous year. cycles/second unit sales (for all bicycles, and for those with 20-in. oscillations and above) for the U.S., including both the dealer and portion merchant channels are as follows. Please flier that these figures reflect food market consumption base on mo statistics and estimates of domestic production. They do not account for inventory at the retail and wholesale levels. Year Bicycles Sold (Millions) 20 and above wheel sizes Bicycles Sold (Millions), all wheel sizes 2009 10.2* 14.9* 2008 13.4* 18.5* 2007 12.8* 18.2* 2006 12.7* 18.2* 2005 14.0* 19.8* 2004 13.0* 18.3* 2003 12.9* 18.5* 2002 13.6* 19.5* 2001 11.3* 16.7* 2000 11.9* 20.9* 1999 11.6* 17.5* 1998 11.1* 15.8* 1997 11.0* 15.2* 1996 10.9 15.4 1995 12 16.1 1994 12.

5 16.7 1993 13 16.8 1992 11.6 15.3 1991 11.6 1990 10.8 1989 10.7 1988 9.9 1987 12.6 1986 12.3 1985 11.4 1984 10.1 1983 9 1982 6.8 1981 8.9 ...1973 15.2 (record high) Source: Bicycle Manufacturers Association, and apparent market consumption based on U.S. Department of Commerce import statistics, and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group, LLC. * indicates communicate figures DISTRIBUTION CHANNELS Bicycle sales are accomplished... If you want to sound a full essay, order it on our website: Ordercustompaper.com

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