Is the inflated Bike market finally crashing?
- Thread starter Takedown
- Start date
THATmanMANNY
Well-Known Member
Man, is that how Giant is perceived these days.
I remember they were the bomb 20 years ago. Trance, Anthem, Glory, Danny Hart, some other XC racer
I remember they were the bomb 20 years ago. Trance, Anthem, Glory, Danny Hart, some other XC racer
Lenosky was a giant sponsored rider for years
They still are....for those looking for excellent value and don't worry about having the "cool" sticker on the downtube...
The Kalmyk
Well-Known Member
Seems like that is a Giant problem considering the lack of depth in most peoples consciousness nowadays. 😂😂
Brand image is much more than a sticker on a downtube
mtn
Well-Known Member
I had Kmart and Dicks Sporting Goods bikes growing up. I totally agree that for general riding for young kids, big box store bikes are great, especially if your family isn’t wealthy. And yes, while I could’ve gone to a more expensive bike in high school years, my $300 diamondback coil ex bikes did work totally fine for me. The forks suck though. Once those were worn out and I was continuing with riding, then we went to a LBS and got a closeout bike, which i still have.
My Jamis rep was in the other day and told me how much excess inventory they had. I can't imagine how much Trek has.
bicycleretailer.com
TLDR. Haven't met a sales goal in 15 months. 10% reduction in spending coming. 40% reduction of Sku's by '26. Let the good times roll.
Trek Bicycle plans to ‘right size’ with 10% cuts to spending
BOULDER, Colo. (BRAIN) — Trek Bicycle president John Burke has told company leaders that he has decided to “right size” the company by 10% in response to slow sales and high inventory levels. But he says the company's overall strategy remains unchanged.In an internal memo Burke sent to...
bicycleretailer.com
TLDR. Haven't met a sales goal in 15 months. 10% reduction in spending coming. 40% reduction of Sku's by '26. Let the good times roll.
I'd be in favor of a reduction in product lines across a lot of manufacturers. For something like a fork, would it not be adequate to have, at most, three models for a given platform? Instead of Ultimate, Ultimate Plus, Super Ultimate, Extra Ultimate SL, Select Plus Ultimate...
Steve Vai
Endurance Guy: Tolerates most of us.
The other side of Giant is they give the best designs to their customers like Trek and then use a second tier system for their own stuff. On paper everything they make seems great, but in practice they all seem to be missing something. And uh, conduct braking? Not sure what planet that makes sense 😂
Is this why trek uses such big Gd letters on their downtube stickers?
thegock
Well-Known Member
Cassinonorth
Well-Known Member
RIP
www.bicycleretailer.com
Where's Kona? Brand sets up then breaks down at Sea Otter
MONTEREY, Calif. (BRAIN) — Kona Bikes employees were tight-lipped Wednesday after the brand's employees set up a display at the Sea Otter Classic expo (which opens Thursday) and then began breaking it down."I can tell you straight away we are not going to have a comment," Caleb Smith, a...
www.bicycleretailer.com
It doesn't look good.RIP
Where's Kona? Brand sets up then breaks down at Sea Otter
MONTEREY, Calif. (BRAIN) — Kona Bikes employees were tight-lipped Wednesday after the brand's employees set up a display at the Sea Otter Classic expo (which opens Thursday) and then began breaking it down."I can tell you straight away we are not going to have a comment," Caleb Smith, a...
They do have orders in for new bikes coming from asia, so more bikes will have to be sold somehow. Something tells me that these may be coming to a costco near you.
Kent Outdoors looking for buyer for Kona Bikes
MONTEREY, Calif. (BRAIN) — Kent Outdoors, which acquired Kona Bikes from its founders in 2022, said Friday that after a strategic review it has decided to sell the bike brand.
www.bicycleretailer.com
The other shoe has fallen....I think there will be more of these situations coming in the industry in the next year or so...and some may be bigger names than Kona!
Not hard to predict that one after the BOGO sales of high end bikes.
Steve Vai
Endurance Guy: Tolerates most of us.
I honestly thought the BOGO was them going under already.
Kent Outdoors looking for buyer for Kona Bikes
MONTEREY, Calif. (BRAIN) — Kent Outdoors, which acquired Kona Bikes from its founders in 2022, said Friday that after a strategic review it has decided to sell the bike brand.
The other shoe has fallen....I think there will be more of these situations coming in the industry in the next year or so...and some may be bigger names than Kona!
Colorado Cyclist and Planet Cyclery promote 'closing sale'
BROOMFIELD, Colo. (BRAIN) — The homepage of e-commerce sites Colorado Cyclist and Planet Cyclery (which merged in late 2021) each began promoting a "Closing Sale" on their homepages this week.
www.bicycleretailer.com
This is also telling