SSU insolvency and the bike industry generally

[grinch]

Looks like distributors are sitting on a lot of inventory as well. Black friday should be insane this year.

https://youtu.be/gQ8oPC7556E?si=WJexUnVE66TZ7Pzg

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[joetron]

Don’t have to listen/watch that whole thing right now…but in the first 60 sec: “got bought out a year ago by private equity firm…” is most of what explains HLC downsizing and a lot of the rest of the carnage we’ve seen and will see.
TLDR:Money guys who ride bikes want to get involved in the biz based on what happened in 2020/21 and then get wrekt. See: TPC, HLC, GG and SSU/CRC.


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[grinch]

Maybe qbp is a bit insulated from that to a degree?

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[joetron]

They’ve had a few layoffs, but are generally a more conservative company in terms of behavior.
The recent takeover of Continental distribution is a big move, but strategically good IMO.


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[grinch]

Yes, more parts and tools that dont have a "model year" has to help. If i had to find a specific tool, bearing or small part if was cbp. Stuff that doesnt get updated annually. Tires, somewhat, fall in that category

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[XXX-er]

https://road.cc/content/news/raleigh-announces-job-cuts-and-restructuring-305003?fbclid=IwAR3nkicYfB_9pGV9xnkYsQjy5JApLk73-UNVN7sXddao9YyQB2xxtPPkh2g

[toast2266]

^^^ Accell holds a bunch of thoroughly mediocre brands. I would imagine most of them are gonna see cuts similar to Raleigh.

[XXX-er]

So while you or i may not buy their products stuff we will buy IS affected so as good a thread as any to park it

[dwoovre]

Raleigh was neutered and Schwinnified years ago. They used to make some cool stuff not long ago (pioneer on the gravel-specific bike scene), but haven’t made anything an enthusiast would be interested in for a few years.

[stuckathuntermtn]

What/Who is SSU?
Edit: oh, the Wiggle CRC thing. A lot of people claimed it was more how they were run that killed them. Private Equity will be the end of us all.

[XXX-er]

High end or low end, If you see a link about something bicycle related going tits up putting it here is as good a place as any

[joetron]

I haven’t looked at Jenson, but this looks ominous.



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[Canada1]

I hope they don’t take a hit. They have helped me out of a couple screw ups by overnighting stuff in time for me to get a bike ready for a race.

[dwoovre]

That’s not a Jenson advert. “All Store Clearance” on the title and marginal use of the English language scream redirect scam.

[Andeh]

That’s not a Jenson advert. “All Store Clearance” on the title and marginal use of the English language scream redirect scam.

Good catch