Will more companies be shutting down in the next 12-24 months?

sspomer
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1/30/2024 9:37am

this isn't a perfect fit for this thread, but i'd wager most in here find it interesting. a bike shipping fiasco for racers using a service called tribike transport. if this is old news, apologies, it was randomly fed into my algorithm

 

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matmattmatthew
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1/30/2024 10:10am

Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it as a checked bag, I didn't pay anything.  And when I went to Iceland it was only $75 each way.  

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Big Bird
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1/30/2024 10:11am

I watched this just now before coming here. Great minds think alike.

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Simcik
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1/30/2024 12:06pm
Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it...

Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it as a checked bag, I didn't pay anything.  And when I went to Iceland it was only $75 each way.  

With proper tools and knowhow, it is easy for most of us to travel with our bike. And it is reasonably inexpensive.

There are a number of triathletes who are less comfortable with building and working on their bikes, I think that is likely why this shipping program appealed to them. 

I worked at a shop in Boulder and there were a few Tri racers would would come in every few weeks to have their bike prepped (wheels and such swapped) from training to racing. Then right after the race they'd come back in and have their training set up installed. This was always like $100 minimum. They paid it without question each time. 

To deal with packaging and shipping a tri bike with deep dish or even a delicate disc wheel, bar extensions or weird bars, seatmast... it gets to be a lot for some people. 

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Big Bird
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1/30/2024 3:33pm

I've met road riders who don't know how to change a flat.

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Verbl Kint
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1/30/2024 6:19pm
Big Bird wrote:

I've met road riders who don't know how to change a flat.

HIlarious but true.  I once pulled over on a countryside road to help this guy out with a flat tire.  It turns out he didn't bring a multi-tool with him because he didn't know what to do with it in the first place.

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Kusa
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1/30/2024 7:09pm
Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it...

Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it as a checked bag, I didn't pay anything.  And when I went to Iceland it was only $75 each way.  

Bikeflights which uses UPS as a delivery company will charge you 1K for a bike insured for 5K to fly it one way to the EU (door to door).

 

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pinkrobe
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1/30/2024 7:23pm
Big Bird wrote:

I've met road riders who don't know how to change a flat.

Verbl Kint wrote:
HIlarious but true.  I once pulled over on a countryside road to help this guy out with a flat tire.  It turns out he didn't bring...

HIlarious but true.  I once pulled over on a countryside road to help this guy out with a flat tire.  It turns out he didn't bring a multi-tool with him because he didn't know what to do with it in the first place.

Let's not pretend mountain bikers are any better. The number of people I've had to assist trailside who had no clue what a barrel adjuster was or how to put a tire back on a rim is kind of nuts. 

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az2au
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1/30/2024 7:32pm
pinkrobe wrote:
Let's not pretend mountain bikers are any better. The number of people I've had to assist trailside who had no clue what a barrel adjuster was...

Let's not pretend mountain bikers are any better. The number of people I've had to assist trailside who had no clue what a barrel adjuster was or how to put a tire back on a rim is kind of nuts. 

I had to stop and help someone put a freaking pedal back on a couple of months ago. Whoever installed it had cross threaded it and it was just a disaster. I said, “well, I can get it back on so you can get back to the trailhead but take this back to the bike shop and make them pay for new cranks.”  It was almost like the “mechanic” not only did the cross threading but also managed to use no grease or ASC. New bike, approximately $9k. Of course he had no tools with him. It hurt my soul that people can be that incompetent. 

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smelly
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1/30/2024 8:19pm

Cool bike shipping discussion, guys….

anyway, one has to wonder how much of what we’re seeing in this market lull is not just that Covid era sold 5 years of supply in 2 years, but market over saturation. How many pretty darn good $3500 carbon frames do we need? used to be there were a handful of elite companies you might buy at a primo price. Nowadays everyone’s making expensive bikes and they’re all good and served with a side of marketing BS. 

Scott’s bailout says everything one needs to know about market receptivity to overly complex bikes. Meanwhile, Raaw is expanding their race program and adding a new bike.  I dislike seeing any of these companies go under, but maybe there are just too many of them for such a small market. 
 

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sethimus
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1/30/2024 11:13pm
Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it...

Damn, I knew Triathletes have money but $800 to ship your bike???  I flew with my bike to Sedona last year and the airline counted it as a checked bag, I didn't pay anything.  And when I went to Iceland it was only $75 each way.  

ever seen how those bike boxes get handled by the ppl on the ground and how often you arrive at your destination but your bike hasn’t?

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1/31/2024 6:23am
Big Bird wrote:

I've met road riders who don't know how to change a flat.

whats the point of knowing how to fix a flat if you ride tubulars 

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TEAMROBOT
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1/31/2024 6:35am

whats the point of knowing how to fix a flat if you ride tubulars 

 Bring back spare tubular tires over your shoulders for road riding. Learn to fix a flat the hard way

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dolface
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1/31/2024 6:41am

whats the point of knowing how to fix a flat if you ride tubulars 

TEAMROBOT wrote:
 Bring back spare tubular tires over your shoulders for road riding. Learn to fix a flat the hard way

 Bring back spare tubular tires over your shoulders for road riding. Learn to fix a flat the hard way

And let's start "opening our lungs up"  before the stage again too!

tour-de-france-smoking-cyclists-1

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jonkranked
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1/31/2024 6:48am
pinkrobe wrote:
Let's not pretend mountain bikers are any better. The number of people I've had to assist trailside who had no clue what a barrel adjuster was...

Let's not pretend mountain bikers are any better. The number of people I've had to assist trailside who had no clue what a barrel adjuster was or how to put a tire back on a rim is kind of nuts. 

a couple years back at the top of the lift at the bike park, there was a dude asking for help.  his whole front end rattled apart - i mean everything was loose, brake caliper, the steerer in the headset, thankfully the handlebar wasn't loose in the stem.  dude had a manitou sherman (i think) installed backwards.  when i pointed this out to this his response was "no the brake arch goes in front".  i kindly explained to him that wasn't the case with this particular fork (while also pointing out the brake caliper was on the wrong side) and he insisted on me fixing it.  i just said i don't have enough tools on me for all the necessary repairs.  i told him to take the lift back down the mountain and take his bike to a shop before I rode away from that liability. 

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brash
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1/31/2024 1:06pm

whats the point of knowing how to fix a flat if you ride tubulars 

TEAMROBOT wrote:
 Bring back spare tubular tires over your shoulders for road riding. Learn to fix a flat the hard way

 Bring back spare tubular tires over your shoulders for road riding. Learn to fix a flat the hard way

dolface wrote:
And let's start "opening our lungs up"  before the stage again too!

And let's start "opening our lungs up"  before the stage again too!

tour-de-france-smoking-cyclists-1

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LLLLL
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2/3/2024 7:25am

Back to Joe leaving SC, he may have been ask to oversee something he didn’t want to do or felt wasn’t required like move to the new premises, layoffs or production overseas. 
then again maybe he cooked the books and is moving to Bahrain 🤑

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swoopswoop
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2/4/2024 11:38am

Deviate are trying to raise funds by selling shares... Please don't die.

Have you got a source for this, out of interest? Quite like them as a brand, just trying to see what's happening.

Big Bird
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2/4/2024 4:20pm
LLLLL wrote:
Back to Joe leaving SC, he may have been ask to oversee something he didn’t want to do or felt wasn’t required like move to the...

Back to Joe leaving SC, he may have been ask to oversee something he didn’t want to do or felt wasn’t required like move to the new premises, layoffs or production overseas. 
then again maybe he cooked the books and is moving to Bahrain 🤑

In Joe's defense. He was originally brought in as the second generation Nomad hit production. I quit my job there as a frame assembler over the stupid, stupid design of that bike. Poor Willy in warranty had his hands full with that one. I asked Joe to his face if he designed that bike and he was quick to clarify that he had not. Perhaps there's another silly design choice coming that he just couldn't stomach. 

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lewzz10
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2/5/2024 5:16am
swoopswoop wrote:

Have you got a source for this, out of interest? Quite like them as a brand, just trying to see what's happening.

image-20240205131618-1

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Verbl Kint
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2/13/2024 6:10pm

 

The chart above shows the quarterly financial figures of Shimano, which basically shows a nearly 30% decrease from the year before.  For 2024, Shimano is predicting a further 11.3% decrease from 2023, owing to geopolitical uncertainty in Ukraine and the Middle East; another factor mentioned is that the upcoming U.S. presidential election “may influence the economy.”

From the article:

“Although the booming popularity of bicycles cooled down, interest in bicycles continued to be high as a long-term trend. On the other hand, market inventories generally remained high, despite ongoing supply and demand adjustments,” the company said of the global market. 

The company said sales in Germany and the Benelux countries were strong, and road bikes are selling well in China. In North America, it said “although interest in bicycles was firm, retail sales of completed bicycles remained weak partly due to a reaction from the cycling boom, and market inventories were at a consistently high level.”

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Verbl Kint
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2/13/2024 6:34pm
Verbl Kint wrote:
[img]https://www.bicycleretailer.com/sites/default/files/images/article/gallery/shimano_bike_division_quarterly_sales_2019-2023_-4.png[/img]   The chart above shows the quarterly financial figures of Shimano, which basically shows a nearly 30% decrease from the year before.  For...

 

The chart above shows the quarterly financial figures of Shimano, which basically shows a nearly 30% decrease from the year before.  For 2024, Shimano is predicting a further 11.3% decrease from 2023, owing to geopolitical uncertainty in Ukraine and the Middle East; another factor mentioned is that the upcoming U.S. presidential election “may influence the economy.”

From the article:

“Although the booming popularity of bicycles cooled down, interest in bicycles continued to be high as a long-term trend. On the other hand, market inventories generally remained high, despite ongoing supply and demand adjustments,” the company said of the global market. 

The company said sales in Germany and the Benelux countries were strong, and road bikes are selling well in China. In North America, it said “although interest in bicycles was firm, retail sales of completed bicycles remained weak partly due to a reaction from the cycling boom, and market inventories were at a consistently high level.”

I forgot to mention that Shimano's 2024 global forecast is actually not THAT bad as they are predicting global sales higher than 2019.  This is actually much more optimistic than what most of the cycling industry were predicting towards the end of 2023.

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iceman2058
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2/14/2024 12:21am

There are some funny headlines to be scored here, but let's say we're above that... Wink

From Bicycle Retailer:

Giant agrees to sell kids and mountain bikes at Dick's-owned specialty stores

NEWBURY PARK, Calif. (BRAIN) — Giant Group will sell bikes through about 25 specialty stores owned by Dick's Sporting Goods, including House of Sport, Public Lands, and Moosejaw locations.

The stores will sell kids bikes, mountain bikes — including full-suspension and entry-priced E-MTBs — and gear.

Giant joins Cannondale, GT, Intense and other brands available at Dick's specialty stores. Public Lands, which has seven locations, launched in 2021. The retail chain has been seen as Dick's challenge to REI and its locations include full-service shops and other specialty store features.

In a letter to retailers Giant said Dick's has pursued the brand for five years and emphasized it remains "100%" committed to retailers. Giant said its bikes most likely will be available online from those stores' online sites.

Giant General Manager John Thompson did not respond to specific questions about the decision, instead forwarding to BRAIN the email that was sent to retailers and signed by Thompson and Giant National Sales Manager Angelo Mascelli that included a FAQ link.

"We are taking this action to attract non-riders and crossover athletes to see bikes that aren't typically visiting independent bicycle dealers," Giant wrote in the "Who made this decision" FAQ section. "We believe that getting more people on bikes is a win for everyone."

The question of the competency of the speciality stores' service departments was addressed in the FAQs.

"Their bike staff is well-trained in sales interaction and service execution to provide the best cycling experience," Giant answered. "They are committed to investing in their staff and facilities to elevate their services."

Giant said Dick's specialty stores will be committed to honoring Giant's minimum advertised price policy. In addition, Giant said it will benefit from Dick's specialty stores' ability to market the brand with a customer base of 80 million per year, "which means that our brands now have the potential to be seen by a much larger audience. For instance, customers who buy premium Callaway or Ping golf clubs can now access Giant Group bikes," according to Giant.

Dick's specialty stores will not be given priority to purchase bikes, Giant said, and will be in the same queue as other retailers. "They place individual orders for each of their 20-plus stores. They have a strong purchasing team and clear supply expectations, so they place firm orders. They are like any other retailer who needs stock. If the stock is available, it is accessible to them."

Dick's acquired Moosejaw from Walmart in February 2023. In September, Dick's announced it would close 11 Moosejaw locations, including the outdoor speciality retailer's headquarters in Madison Heights, Michigan, this month. Three Moosejaw stores will remain open and are located in Birmingham, Michigan; Salt Lake City; and Bentonville, Arkansas.

The 12 House of Sport locations have customer interactive features like a rock climbing wall, golf pro shop with a putting green, and batting cage.

In 2018, the speciality outdoor brand Black Diamond demanded that its products be removed from a special "curated" e-commerce site that was developed by Moosejaw. Moosejaw sold Black Diamond products in its stores, but the brand felt the specialty e-commerce site was too closely linked to the Walmart site.

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sethimus
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2/14/2024 2:32am
iceman2058 wrote:
There are some funny headlines to be scored here, but let's say we're above that... ;) From Bicycle Retailer: Giant agrees to sell kids and mountain...

There are some funny headlines to be scored here, but let's say we're above that... Wink

From Bicycle Retailer:

Giant agrees to sell kids and mountain bikes at Dick's-owned specialty stores

NEWBURY PARK, Calif. (BRAIN) — Giant Group will sell bikes through about 25 specialty stores owned by Dick's Sporting Goods, including House of Sport, Public Lands, and Moosejaw locations.

The stores will sell kids bikes, mountain bikes — including full-suspension and entry-priced E-MTBs — and gear.

Giant joins Cannondale, GT, Intense and other brands available at Dick's specialty stores. Public Lands, which has seven locations, launched in 2021. The retail chain has been seen as Dick's challenge to REI and its locations include full-service shops and other specialty store features.

In a letter to retailers Giant said Dick's has pursued the brand for five years and emphasized it remains "100%" committed to retailers. Giant said its bikes most likely will be available online from those stores' online sites.

Giant General Manager John Thompson did not respond to specific questions about the decision, instead forwarding to BRAIN the email that was sent to retailers and signed by Thompson and Giant National Sales Manager Angelo Mascelli that included a FAQ link.

"We are taking this action to attract non-riders and crossover athletes to see bikes that aren't typically visiting independent bicycle dealers," Giant wrote in the "Who made this decision" FAQ section. "We believe that getting more people on bikes is a win for everyone."

The question of the competency of the speciality stores' service departments was addressed in the FAQs.

"Their bike staff is well-trained in sales interaction and service execution to provide the best cycling experience," Giant answered. "They are committed to investing in their staff and facilities to elevate their services."

Giant said Dick's specialty stores will be committed to honoring Giant's minimum advertised price policy. In addition, Giant said it will benefit from Dick's specialty stores' ability to market the brand with a customer base of 80 million per year, "which means that our brands now have the potential to be seen by a much larger audience. For instance, customers who buy premium Callaway or Ping golf clubs can now access Giant Group bikes," according to Giant.

Dick's specialty stores will not be given priority to purchase bikes, Giant said, and will be in the same queue as other retailers. "They place individual orders for each of their 20-plus stores. They have a strong purchasing team and clear supply expectations, so they place firm orders. They are like any other retailer who needs stock. If the stock is available, it is accessible to them."

Dick's acquired Moosejaw from Walmart in February 2023. In September, Dick's announced it would close 11 Moosejaw locations, including the outdoor speciality retailer's headquarters in Madison Heights, Michigan, this month. Three Moosejaw stores will remain open and are located in Birmingham, Michigan; Salt Lake City; and Bentonville, Arkansas.

The 12 House of Sport locations have customer interactive features like a rock climbing wall, golf pro shop with a putting green, and batting cage.

In 2018, the speciality outdoor brand Black Diamond demanded that its products be removed from a special "curated" e-commerce site that was developed by Moosejaw. Moosejaw sold Black Diamond products in its stores, but the brand felt the specialty e-commerce site was too closely linked to the Walmart site.

i get some 

IMG 0793 0

vibes

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veefour
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2/14/2024 3:06am
iceman2058 wrote:
There are some funny headlines to be scored here, but let's say we're above that... ;) From Bicycle Retailer: Giant agrees to sell kids and mountain...

There are some funny headlines to be scored here, but let's say we're above that... Wink

From Bicycle Retailer:

Giant agrees to sell kids and mountain bikes at Dick's-owned specialty stores

NEWBURY PARK, Calif. (BRAIN) — Giant Group will sell bikes through about 25 specialty stores owned by Dick's Sporting Goods, including House of Sport, Public Lands, and Moosejaw locations.

The stores will sell kids bikes, mountain bikes — including full-suspension and entry-priced E-MTBs — and gear.

Giant joins Cannondale, GT, Intense and other brands available at Dick's specialty stores. Public Lands, which has seven locations, launched in 2021. The retail chain has been seen as Dick's challenge to REI and its locations include full-service shops and other specialty store features.

In a letter to retailers Giant said Dick's has pursued the brand for five years and emphasized it remains "100%" committed to retailers. Giant said its bikes most likely will be available online from those stores' online sites.

Giant General Manager John Thompson did not respond to specific questions about the decision, instead forwarding to BRAIN the email that was sent to retailers and signed by Thompson and Giant National Sales Manager Angelo Mascelli that included a FAQ link.

"We are taking this action to attract non-riders and crossover athletes to see bikes that aren't typically visiting independent bicycle dealers," Giant wrote in the "Who made this decision" FAQ section. "We believe that getting more people on bikes is a win for everyone."

The question of the competency of the speciality stores' service departments was addressed in the FAQs.

"Their bike staff is well-trained in sales interaction and service execution to provide the best cycling experience," Giant answered. "They are committed to investing in their staff and facilities to elevate their services."

Giant said Dick's specialty stores will be committed to honoring Giant's minimum advertised price policy. In addition, Giant said it will benefit from Dick's specialty stores' ability to market the brand with a customer base of 80 million per year, "which means that our brands now have the potential to be seen by a much larger audience. For instance, customers who buy premium Callaway or Ping golf clubs can now access Giant Group bikes," according to Giant.

Dick's specialty stores will not be given priority to purchase bikes, Giant said, and will be in the same queue as other retailers. "They place individual orders for each of their 20-plus stores. They have a strong purchasing team and clear supply expectations, so they place firm orders. They are like any other retailer who needs stock. If the stock is available, it is accessible to them."

Dick's acquired Moosejaw from Walmart in February 2023. In September, Dick's announced it would close 11 Moosejaw locations, including the outdoor speciality retailer's headquarters in Madison Heights, Michigan, this month. Three Moosejaw stores will remain open and are located in Birmingham, Michigan; Salt Lake City; and Bentonville, Arkansas.

The 12 House of Sport locations have customer interactive features like a rock climbing wall, golf pro shop with a putting green, and batting cage.

In 2018, the speciality outdoor brand Black Diamond demanded that its products be removed from a special "curated" e-commerce site that was developed by Moosejaw. Moosejaw sold Black Diamond products in its stores, but the brand felt the specialty e-commerce site was too closely linked to the Walmart site.

Too easy.

2
Ceecee
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2/14/2024 8:10am

Giant Dick's and selling kids?--what could go wrong

matmattmatthew
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2/14/2024 8:16am

Tin foil hat take  - Selling bikes at Dicks as a means to offload old stock and generate cash????  

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sspomer
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2/14/2024 8:34am

it should be noted that GT is no longer offered at dick's sporting goods. the store has some existing stock to sell through, but that's it. GT is only LBS and direct in north america.

3

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