www.newswire.ca
Depends on what you are calling it while you are dumping stock or running away with capital?
americanbusinesshistory.org
as per NSMB, all but 1-2 people of North Van office staff
as I said to some friends, people who needed/wanted shit during covid got it at premium, others waited out low inventories and got it when it came back in stock. Then the deals started and a lot of people probably jumped ahead of their intended purchase timelines to capitalize, now most who needed or wanted a bike have it. The rest of us tight fisted misers are satisfied with our older but perfectly suitable and useable stuff that we put new parts on when they wear out. There really isn't anything that exciting happening with most bikes so demand is pretty much as low as it gets for the foreseeable future.
yikes
Was thinking this year that another part may well be first time bicyclists, or returning from generations pre-covid, not knowing bicycle depreciation. Impulse buying intent on short-term - like cars - sustained production on the whole, and then scared away a whole lot of newbs.
Gonna need to update that article to include the latest bust cycle.The American Bicycle Industry: A Short History - Business History - The American Business History Center
There are an estimated one billion bicycles in the world today, almost half of them in China and another one hundred million in the United States. About one hundred million new ones are manufactured each year, over half in China and many others in Taiwan, around Asia, and in the Netherlands and...
I have 3 Rockies sitting in my garage right now, including my e-bike with their proprietary motor...I hope to hell the brand is able to make it to the other side
Covid hits. Everyone wants a bike, all brands sell through all inventory by May 2020. All bike brands panic order with suppliers. By August of 2020 lead times go from 90/120 days to 365 days+. No one cancels POs because they're terrified of not having bikes and (more importantly) they want to maintain good relationships with suppliers and don't want to go factory shopping. They wait for inventory to come in. POs are paid for up front, or at most 30 days from when the product leaves Asia. Because of the crazy lead times all of that inventory arrives well after the demand drops back to normal. But everyone that wanted a bike already bought one. Bike brands then have a pile of inventory that's already paid for and is sitting in warehouses. Money spent but not much coming back in. But they need to pay their people and continue to run their business. They discount product to try and get it to move but the damage is done. Finances are stretched beyond reasonable limits.
Transition is biker owned, and seems to be doing ok.Which are, generally speaking, not bike guys.
Generally speaking, yea. But it was more about clamoring for market share in a really, really overcrowded market. And all these DTC brands that popped up during Covid made it even worse. Some saw this coming, but the voices of those people were drowned out by the voices of the higher-ups doing the clamoring for market share.Which are, generally speaking, not bike guys.
Outliers.
I heard they're getting away from everything with wheels now on warranty claims. it's going to be an 8-in downhill electric pogo stick
I crossed paths with a Transition employee at the end of the pandemic, he claimed that they had invested/borrowed to double the size of the company. So hopefully that just meant increasing the supply of cardboard boxes to ship frames they get from Taiwan.
The 48 million was fiscal year 2022 actually. Comments on pinkbike are saying they went on to develop their own e-bike motor and things didn’t pan out as expected.
That's a lot for a fairly small bike company, when do you get done for trading whilst insolvent?
