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Performance Goes Chapter 11
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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. |
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Performance Goes Chapter 11
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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. |
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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. |
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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. |
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Performance Goes Chapter 11
On Sunday, November 18, 2018 at 4:08:49 PM UTC-8, wrote:
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. Hard to tell what role Nashbar played, but it declared bankruptcy, too. I looked up the bankruptcy docket, and the whole ball of wax is for sale (or will be assuming the motion to sell substantially all assets is approved). I wonder which one of the creditors will end up with Performance, assuming it continues in existence. Fuji is probably the most valuable asset. I think Muzi should make a bid. We can sell them here on RBT. Joerg has one. Maybe we can sell him another. -- Jay Beattie. |
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Performance Goes Chapter 11
On 11/18/2018 9:02 PM, jbeattie wrote:
On Sunday, November 18, 2018 at 4:08:49 PM UTC-8, wrote: 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. Hard to tell what role Nashbar played, but it declared bankruptcy, too. I looked up the bankruptcy docket, and the whole ball of wax is for sale (or will be assuming the motion to sell substantially all assets is approved). I wonder which one of the creditors will end up with Performance, assuming it continues in existence. Fuji is probably the most valuable asset. I think Muzi should make a bid. We can sell them here on RBT. Joerg has one. Maybe we can sell him another. -- Jay Beattie. paraphrasing Mencken, our industry lives on the illusion that one chinese bike is different from another. -- Andrew Muzi www.yellowjersey.org/ Open every day since 1 April, 1971 |
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Performance Goes Chapter 11
On Sun, 18 Nov 2018 14:12:57 -0800, sltom992 wrote:
On Sunday, November 18, 2018 at 1:51:47 PM UTC-8, jbeattie wrote: Oh well: https://www.bicycleretailer.com/indu.../15/ase-owner- performance-bicycle-and-asi-file-chapter-11#.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. That is the standard bike store around here. The difference is the amount of junk on the wall. 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. Do people in general work on their bicycles? I think those that do are "the odd freak". AFAIU, most people have long viewed a bicycle as a disposible toy that they buy for the kids and for themselves for fitness, although go to a gym seems to be where that are has gone. When we had kids in the street, I was doing puncture repairs for the local kids because 'dad can't fix it' or it was too expensive to take to the local bike shop. otherwise, in the local blocks, there are two adults with something other than wally-mart style bicycle. |
#10
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Performance Goes Chapter 11
On 11/18/2018 5:18 PM, news18 wrote:
snip When we had kids in the street, I was doing puncture repairs for the local kids because 'dad can't fix it' or it was too expensive to take to the local bike shop. I am still that person. |
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