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Niner's Sugai tells Wall Street Journal he foresees growth in the coming year

Published January 5, 2015

FORT COLLINS, Colo. (BRAIN)— Niner Bikes' Chris Sugai kicked off the New Year outlining his hopes for the company in an article in Friday's Wall Street Journal.

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Sugai said he's forecasting about a 13 percent increase in revenue from $15 million in 2014 to $17 million this year telling Journal editors that steady gains in the U.S. economy appear solid.

"The time is right," he said, to boost capital spending and hire new workers.

In outlining his plans, Sugai said it could be time to bring inventory and delivery operations in-house instead of relying on a third-party logistics company. Sugai added that the 34-employee firm is big enough to consider spending upwards of $85,000 for new software, equipment and two additional employees.

The nine-year-old company reflects other findings by Wall Street Journal staff who found a much rosier economic outlook among small businesses, due, in part, to stronger sales in the second half of 2014. Roughly half of the 830 small-business owners surveyed — like Sugai — said they expect economic conditions to keep improving, up from only 38 percent when compared to last year's survey.

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