Performance Goes Chapter 11
 

Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU


-- Jay Beattie.

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 3:51:47 PM UTC-6, jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU


-- Jay Beattie.

My brother told me about Performance filing bankruptcy a few days ago. I've bought a lot of stuff from Nashbar/Bike Warehouse and Performance over the decades. Hopefully they will stay around. I get a lot of little stuff from them. But big substantial buys I go overseas now(last ten years). For me, no USA based bike retailer is worth considering. Too expensive.

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 1:51:47 PM UTC-8, jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU


-- Jay Beattie.

Lately every time I've been in there I've been rather surprised at the sheer amount of bicycles they had for sale.

I've watched several local bike shops go out of business because they stocked too many bikes and no one is buying bikes except off of the Internet. I have four REALLY good bikes well equipped for more than good prices and I've on sold one bike in the last two years. When you can get a new CF bike for a good price why should you settle for a used and proven bike?

Like Nashbar it would have been a good idea for Performance to invest more heavily into components and accessories and less into bike sales since this sales problem has been around for five or six years.

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 4:12:59 PM UTC-6, wrote:
On Sunday, November 18, 2018 at 1:51:47 PM UTC-8, jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU


-- Jay Beattie.

Lately every time I've been in there I've been rather surprised at the sheer amount of bicycles they had for sale.

I've watched several local bike shops go out of business because they stocked too many bikes and no one is buying bikes except off of the Internet. I have four REALLY good bikes well equipped for more than good prices and I've on sold one bike in the last two years. When you can get a new CF bike for a good price why should you settle for a used and proven bike?

Like Nashbar it would have been a good idea for Performance to invest more heavily into components and accessories and less into bike sales since this sales problem has been around for five or six years.

Apparently you do not know that Performance bought out Nashbar 10-15-20 years ago. Performance and Nashbar are the same company. Kind of like Ford/Mercury/Lincoln are the same company.

Performance Goes Chapter 11
 

jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 10:57:48 PM UTC, Sepp Ruf wrote:
jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Poor woman. Four counts against her in a single sentence: married to a loser, herself a Democrat, lawyer and politician. What else could go wrong for her?

Andre Jute
Condolences

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 2:16:16 PM UTC-8, wrote:
On Sunday, November 18, 2018 at 4:12:59 PM UTC-6, wrote:
On Sunday, November 18, 2018 at 1:51:47 PM UTC-8, jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU


-- Jay Beattie.

Lately every time I've been in there I've been rather surprised at the sheer amount of bicycles they had for sale.

I've watched several local bike shops go out of business because they stocked too many bikes and no one is buying bikes except off of the Internet.. I have four REALLY good bikes well equipped for more than good prices and I've on sold one bike in the last two years. When you can get a new CF bike for a good price why should you settle for a used and proven bike?

Like Nashbar it would have been a good idea for Performance to invest more heavily into components and accessories and less into bike sales since this sales problem has been around for five or six years.

Apparently you do not know that Performance bought out Nashbar 10-15-20 years ago. Performance and Nashbar are the same company. Kind of like Ford/Mercury/Lincoln are the same company.

Apparently I do know, but why would you think that makes the slightest bit of difference? The drag on the mother company isn't from Nashbar but of Performance.

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 2:57:48 PM UTC-8, Sepp Ruf wrote:
jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Huh? Specialized was the instigator of the Cafe Roubaix "debacle" and ASI stepped in and pushed back as the licensee of the "Roubaix" trademark. https://www.bikeworldnews.com/2013/1...rms-asi-steps/

ASI tied its future to a rock and then jumped into the water -- and from what I can tell, so did some other creditors who became equity owners of Performance. They obviously thought they could get the bland Performance business model to work, which they couldn't -- maybe because they were under capitalized, Cunnane's complaint in the BRAIN article.

I'm not seeing a lot of mismanagement except ASI's failure to police its AR with Performance -- although it probably couldn't cut-off its largest retailer. I suppose buying Performance was its only option to keep Fuji afloat, but I certainly don't know. Anyway, ASI purchased a beaten down, debt-ridden asset and couldn't make it cash flow. Same old same old, minus the casinos.

-- Jay Beattie.

Performance Goes Chapter 11
 

On Sunday, November 18, 2018 at 4:06:57 PM UTC-8, Andre Jute wrote:
On Sunday, November 18, 2018 at 10:57:48 PM UTC, Sepp Ruf wrote:
jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Poor woman. Four counts against her in a single sentence: married to a loser, herself a Democrat, lawyer and politician. What else could go wrong for her?

She could live next door to you in Ireland.

-- Jay Beattie.

Performance Goes Chapter 11
 

On 11/18/2018 6:13 PM, jbeattie wrote:
On Sunday, November 18, 2018 at 4:06:57 PM UTC-8, Andre Jute wrote:
On Sunday, November 18, 2018 at 10:57:48 PM UTC, Sepp Ruf wrote:
jbeattie wrote:
Oh well: https://www.bicycleretailer.com/indu...1#.W_HVJ-hKjIU

What else did you expect? It's still the same CEO who clumsily mismanaged
his side of the Cafe Roubaix PR debacle AND eg he is married to a lawyer
politician Democrat:
https://www.bicycleretailer.com/industry-news/2018/11/07/races-interest-bike-world-dean-wins-and-nothstein-loses-pennsylvania

Poor woman. Four counts against her in a single sentence: married to a loser, herself a Democrat, lawyer and politician. What else could go wrong for her?

She could live next door to you in Ireland.


I don't know about that. As I commented once to an old
friend after his election and off to the bogs of DC, "Lie
down with pigs and you'll smell like s**t."

--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971