https://www.konaworld.com/en-ca
https://www.konaworld.com/en-ca/coll...s/process-bogo
all process bikes are buy one, get one free. Mix and match.
damn good deal and prices in CND peso
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https://www.konaworld.com/en-ca
https://www.konaworld.com/en-ca/coll...s/process-bogo
all process bikes are buy one, get one free. Mix and match.
damn good deal and prices in CND peso
The new overlords really fucked this company. Kona was a brand based on good people, good relationships, and practical bikes that provided good value. They basically threw all this out the window and laid off their entire sales force, leaving their dealer network with nothing more than a middle finger. It's crazy to think that if you fuck all those relationships and bump the price of bikes by 2k that you would have a hard time selling your inventory.
Bring back the Operator!
Discounted for the impending lack of a warranty.
Who’s next after?
I sat having a drink with an LBS buddy in june as he talked about the state of the business , he said there will be blood. So I asked who, he said the LBS/ suppliers/ distributors/ brands it could be anybody, the when was it will happen this year, the why for him the LBS was poor margins/ high costs had been a probelm since 2018
so who will survive ... an LBS with a shop that makes money.
Poor margins/high costs has been an issue since 1910 or something like that.
Sure, there have been BIG booms, but mostly it is a flat line, margins wise for a century, from what I understand.
Kona, GG, Niner bikes, CRC, La bicycletta, Black spire so far he wasn't wrong that companies in the bike industry were going under
Certainly not disputing that!
It’s just always been a ‘passion’ industry over a ‘will crush my soul for profits’ industry.
(Some people, of course, got fabulously wealthy)
Great read for those interested in US bicycle history.
https://americanbusinesshistory.org/...short-history/
Yes passion does not always = good business
My buddy is not really in the bicycle business, he is in the RE business SO buy a building open a shop in 25-30 yrs he will own the buildings,
Macdonalds does the same thing
Diamondback seems basically dead? They are still selling bikes, and they introduced a new short travel 29er this year, but...the rest of the lineup is dead in the water and hasn't changed in years. What's left is at deep discount with limited sizes remaining.Quote:
Originally Posted by XXX-er
I know they are sitting there under some corporate overlords who may be content to string them along, but I hardly see the point. They already let their US Raleigh distribution/naming deal die and diamondback is just chilling out.
Guess sponsoring a bunch of youtubers doesn't work when you can't keep your bikes up to date.
Co worker today told me GT was going tango uniform, haven’t been able to confirm on the interwebz
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Again!?Quote:
Originally Posted by ticketchecker
(But yes, seems entirely plausible)
Wonder how many of my bikes will end up being from defunct brands?
So far - 1 Raleigh, 2 Kona.
The GT waits cautiously...
What's that? Like the 5th time for GT? :DQuote:
Originally Posted by toast2266
Heh. I've got a Raleigh and a GT as well.Quote:
Originally Posted by El Chupacabra
The transition and the wife's yeti seem pretty safe. Got a norco too - hopefully paying for the goat doesn't sink them too. Got a couple canfields floating around - hopefully they weather the storm.
To be fair Canfield was basically out of business for 2 years.Quote:
Originally Posted by toast2266
I'm kind of annoyed that there isn't any real journalism going into the collapse and piss poor management of these companies by the bike media guys.
Yeah, well, the bike media is too afraid of offending the sacred cow. They wouldn't dare write anything remotely critical of the industry or else they'll get cut off from product to review.
Pinkbike etc. have never been about actual journalism - they just want to generate the most clicks for the least effort. Controversial hot takes on chain stay length.
BRAIN would be the most likely venue, but they're just regurgitating press releases.
I’ve been searching for good hit piecesQuote:
Originally Posted by Eluder
I don’t know their current situation, but Norco’s been around a long time, and their products aren’t as niche as a lot the brands that are going under. Sold a shit tonne of Norco entry-level to mid-range mountain bikes and hybrids when I was working in a shop.Quote:
Originally Posted by toast2266
Canfield better stick around!
I could say the same thing about Kona. I sold a lot of lower-mid level Konas back in the day.Quote:
Originally Posted by J. Barron DeJong
They were doing BOGO not too long ago on pedals, wheelsets, and other components.Quote:
Originally Posted by Velomayniac
NSMB publishes actual journalism but I don’t recall an article directly taking this on. I do appreciate that they call out stupid chainlines being shoved down our throats, or Suunto watches not being designed for wearing by humans etc.
It is a weird and frustrating industry, but there are good people within it trying their best.
Pinkbike does make critical comments on the industry but you have to read closely, it’s often very veiled and implied criticism.
I'll say: EVIL.Quote:
Originally Posted by XXX-er
This makes me a bit sad as it's likely the end (not that everyone didn't see it coming), bc me Hei Hei CR/DL is THE BEST BIKE EVER. It is a fantastic bike.
Well we don't have a " Sunset " thread and we probably should cuz bike industry companies are going under, I remember reading a thread about the mechanics of CRC going under most of which was at a level i didnt really understand but I don't know where it is
During Covid I remember thinking hmmm where did this bump come from well obviously people can bike solo, but are 30% more sales sustainable and we wouldn't have known this back then but apparently it was not sustainable ?
Kona is/was a solid " A " brand for sure at least up here same with Norco, i really liked the look of Kona HT's with the leaner top tube, I bought junior a Hahana when he was 14 which I liberated from him before he could freeride it off someones garage , Tig welded steel all the parts were changed and i toured it in france/ spain/ AK but I think I would buy something with bigger wheels if I was going to do any of that again
I sincerely hope they do. We love our Canfields and currently have five in the stable. One might go up for sale but they're so cheap to begin with I'll prolly end up building it up again and keeping it around.Quote:
Originally Posted by Velomayniac
I noticed that but I do believe they've done the same thing at the end of the year for the last few years.Quote:
Originally Posted by SKIP IN7RO
Canfield seems like they run a fairly lean ship. They strike me as a company that's comfortable with their size and modest growth, which I would imagine insulates them a bit from the risks that other companies are dealing with. Not having any carbon bikes probably helps too.
I think their hiatus a few years ago was mostly just sorting out the split of Chris and Lance. That's its own little category of problem, but probably doesn't really reflect on the future prospects of the company.
Yeah seems like they do relatively small production runs and keep low inventory and zero it our every year. Happy to keep supporting them as long as they're around.
I think the lack of journalism is due to the fact that beyond the companies that have actually cratered, everything else is rumor and speculation. It would be irresponsible and likely damaging for media to publish rumors/speculation about financial health.
Interweb msg boards and forums are the proper location for rumor/speculation/chatter until the shit actually hits the fan.
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The best and most relevant comments are often in the comment section after articles.Quote:
Originally Posted by frorider
As a ski shop that sells bikes, I can't believe that the ski industry muddled through the last 3 years better than the bike industry. Shit like this BOGO and constant 40% off sales online make me wonder WTF is wrong with these guys?
They are both the same company...Quote:
Originally Posted by toast2266
A really good investigative reporter could probably wade through the rumor and speculation to find a legit story, but those people don't end up working at Pinkbike.
Bike magazine and the National Enquirer were the same company too. Doesn't really matter if the focus of the publication and the staff are different.Quote:
Originally Posted by Eluder
Waxroom,
During the pandemic, people were afraid to ski, and didn't buy shit. That same time period, EVERYONE wanted to bike, Peloton, Zwift, etc...but when that was over, a ton of the bikes went back in the garage.
(Among many other supply chain issues).
Unsustainable boom, abetted by unfillable temporary demand.
(IMO)
There was high demand for uphill skiing equipment during the pandemic, but you're right, alpine skiing didn't experience nearly the boom that cycling did.Quote:
Originally Posted by rideit
I don't know if people were "afraid" to ski resorts, but I sure do remember lots of people loading detachable quads solo.
I think there’s a couple factors at work. Skis have better margins than bikes and are cheaper overall.Quote:
Originally Posted by waxman
The ski biz has a much more robust inventory liquidation network and is also more familiar with boom/bust cycles that happen with good/bad seasons.
Ski biz has a lot more retailer consolidation as well as brand consolidation and a more vertically integrated supply chain. One factory makes the ski. Compared to the bike biz that has a tremendous number of small retailer accounts/forecasts and the number of bits and pieces manufactured at different factories that need to come together for a complete bike.
Then there’s the timing of the whole thing. The resorts shut down fairly late in the season, next years orders were already placed and though there was some over-supply and uncertainty going into 20/21 season, things seemed to reach correction rather quickly. (Also thanks to those established ski swap/liquidation channels).
The bike biz got hammered summer/fall 20 and well into 2021 as the shortages persisted. The real problem arose when a huge chunk of the bike biz got pie-eyed and greedy and over-forecast everything. Brands were jousting for their spots production lines with very optimistic orders. Then the supply bottleneck blew apart in 2022 just as demand dropped because life normalized for most folks and people could do all sorts of shit again, the value of the bike for getting through the ‘social distancing’ portion of our lives for those few years wasn’t there anymore…and here we are.
Anybody want a good deal on a GG Pedalhead? Lol.
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What joe said which btw is quite insightful.
The bike industry is also still relatively immature. The people in the bike industry in SCM, forecasting, OE either don't have tools, resources, experience or pricing power (or all of the above). Most of the market participants are thinly capitalized with their big cost-centres (OE parts, frames, manufacturers) dominated by oligopolies with little incentive to cut deals.
Ski industry and people in them IMO are several levels more equipped to deal with cycles.
As for investigative journalism. Come on guys. I've worked professionally on the analysis side of finance on publicly listed companies. Analysts get paid hundreds of thousands if not millions to generate actionable high-quality research.
I'd wager bike industry (and for that matter ski industry) journos don't come close to that. Add to that they;d be researching private markets, opaque oligopolistic relationships, bro-brah connections/circle-jerks and be poorly resourced. You can't pin the lack of quality writing on pinkbike/vital/GMBN etc etc. It's not even fair to do so.