Performance Bicycle Bankruptcy
#77
Senior Member
Join Date: Jun 2006
Posts: 20,305
Mentioned: 130 Post(s)
Tagged: 0 Thread(s)
Quoted: 3464 Post(s)
Liked 2,828 Times
in
1,995 Posts
Not fully going under, closing many brick and mortar stores, still might want to stock up, you never know. I am pretty good friends with the #2 at my store, he says the restructure will be done first and evaluated. He is confidant that they will keep going, whether it will stay as is, isn't for sure.
#78
Senior Member
Too bad I was an avid Nashbar shopper. Bought all my bikes at the LBS and clothes from Nashbar. At the time they were in Youngstown OH and I’m in suburban Cleveland. It was an hour east to get to the store and the close out section. Considering that Nashbar/Performance transitioned to the online model it’s a surprise the went bankrupt. All I can think of is the brick and mortar stores killed them.
#80
Senior Member
Join Date: Dec 2014
Location: Central Virginia
Posts: 4,778
Bikes: Numerous
Mentioned: 150 Post(s)
Tagged: 0 Thread(s)
Quoted: 1676 Post(s)
Liked 3,089 Times
in
911 Posts
Went by the LPBS today and it’s stsrting to take on the look of a closing up shop. Gaps in the merchandise displays, etc. This shop is at the 30% to 40% discount range. Past two times I’ve been by I chatted with the wrench on duty and each one is a part timer and not too broken up about the closure. One is a retiree doing it for fun and the other said he just needed to have a regular looking job to get his home loan.
I was tempted by some Ultegra 9 speed cassettes (they still sell those!) but Shimano is only 15% off.
Still not surprised this place is closing. It’s located in the only half empty strip mall in a town with an otherwise booming retail (including bikes) market.
I was tempted by some Ultegra 9 speed cassettes (they still sell those!) but Shimano is only 15% off.
Still not surprised this place is closing. It’s located in the only half empty strip mall in a town with an otherwise booming retail (including bikes) market.
__________________
N = '96 Colnago C40, '04 Wilier Alpe D'Huez, '10 Colnago EPS, '85 Merckx Pro, '89 Merckx Century, '86 Tommasini Professional, '04 Teschner Aero FX Pro, '05 Alan Carbon Cross, '86 De Rosa Professional, '82 Colnago Super, '95 Gios Compact Pro, '95 Carrera Zeus, '84 Basso Gap, ‘89 Cinelli Supercorsa, ‘83 Bianchi Specialissima, ‘VO Randonneur, Ritchey Breakaway Steel, '84 Paletti Super Prestige, Heron Randonneur
N = '96 Colnago C40, '04 Wilier Alpe D'Huez, '10 Colnago EPS, '85 Merckx Pro, '89 Merckx Century, '86 Tommasini Professional, '04 Teschner Aero FX Pro, '05 Alan Carbon Cross, '86 De Rosa Professional, '82 Colnago Super, '95 Gios Compact Pro, '95 Carrera Zeus, '84 Basso Gap, ‘89 Cinelli Supercorsa, ‘83 Bianchi Specialissima, ‘VO Randonneur, Ritchey Breakaway Steel, '84 Paletti Super Prestige, Heron Randonneur
#81
Senior Member
#82
Senior Member
Join Date: Oct 2007
Posts: 84
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 50 Post(s)
Likes: 0
Liked 2 Times
in
2 Posts
Not surprised... won't miss them
The Performance Bike shop I dealt with a few times in Pasadena, California was generally over priced, while store personnel were rude and arrogant. When looking for components, their typical reply was, "It's over there," rather than providing help in finding what you were looking for.
If that was a country wide in-store attitude, they brought bankruptcy on themselves.
No loss as far as I'm concerned.
If that was a country wide in-store attitude, they brought bankruptcy on themselves.
No loss as far as I'm concerned.
#84
Senior Member
Join Date: Oct 2015
Location: PDX
Posts: 13,034
Bikes: Merz x 5 + Specialized Merz Allez x 2, Strawberry/Newlands/DiNucci/Ti x3, Gordon, Fuso/Moulton x2, Bornstein, Paisley,1958-74 Paramounts x3, 3rensho, 74 Moto TC, 73-78 Raleigh Pro's x5, Marinoni x2, 1960 Cinelli SC, 1980 Bianchi SC, PX-10 X 2
Mentioned: 267 Post(s)
Tagged: 0 Thread(s)
Quoted: 4510 Post(s)
Liked 6,377 Times
in
3,667 Posts
The Performance Bike shop I dealt with a few times in Pasadena, California was generally over priced, while store personnel were rude and arrogant. When looking for components, their typical reply was, "It's over there," rather than providing help in finding what you were looking for.
If that was a country wide in-store attitude, they brought bankruptcy on themselves.
No loss as far as I'm concerned.
If that was a country wide in-store attitude, they brought bankruptcy on themselves.
No loss as far as I'm concerned.
#85
Senior Member
Join Date: Nov 2015
Location: Lacey, WA
Posts: 1,707
Bikes: Stevenson Custom, Stevenson Custom Tandem, Nishiki Professional
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 367 Post(s)
Likes: 0
Liked 196 Times
in
128 Posts
Every store that closes is a loss, not only the people working at that store, but the suppliers who will lay off people with inventory they can no longer sell to that chain of stores. Sad day, GM laying off 14,000 plus and ending the production of multiple lines of cars.Which means suppliers laying off people and manufacturers for those suppliers laying off people and those who create the raw materials for the manufacturers laying off people, its a long chain of losses when a store closes.
As the Boss said:
My Hometown
Bruce Springsteen
As the Boss said:
'Now Main Street's whitewashed windows and vacant stores
Seems like there ain't nobody wants to come down here no more
They're closing down the textile mill across the railroad tracks
Foreman says these jobs are going boys and they ain't coming back
To your hometown
Your hometown
Your hometown
Your hometown'
Seems like there ain't nobody wants to come down here no more
They're closing down the textile mill across the railroad tracks
Foreman says these jobs are going boys and they ain't coming back
To your hometown
Your hometown
Your hometown
Your hometown'
My Hometown
Bruce Springsteen
Last edited by since6; 11-27-18 at 12:03 AM.
#86
Senior Member
Join Date: Apr 2013
Location: Amsterdam
Posts: 1,662
Bikes: 1980 Koga-Miyata Gentsluxe-S, 1998 Eddy Merckx Corsa 01, 1983 Tommasini Racing, 2012 Gulf Western CAAD10, 1980 Univega Gran Premio
Mentioned: 49 Post(s)
Tagged: 0 Thread(s)
Quoted: 600 Post(s)
Likes: 0
Liked 11 Times
in
11 Posts
Cut to a few years later, the wife's bike stolen, and she borrowing a Cannondale R2000, and I decide to get a decent road bike to help keep up with her (the vintage bug hadn't hit yet). I ended up doing it backwards - I picked a bike, then a shop, and ended up with a Cannondale from Incycle. If I hadn't done all my own research and fallen in love with that bike's paint scheme (and the ride, and the EOS sale price), I would have gone elsewhere. They tried to talk me into getting the next size down, and the day I picked it up and some twerp behind the counter (not even helping me) snarked on my cheapo helmet. I remember staring him down till he wiped the smirk off his face. I never went back, but continued to use the Pasadena Performance till we moved.
#87
Senior Member
Join Date: Oct 2013
Location: D'uh... I am a Cutter
Posts: 6,139
Bikes: '17 Access Old Turnpike Gravel bike, '14 Trek 1.1, '13 Cannondale CAAD 10, '98 CAD 2, R300
Mentioned: 62 Post(s)
Tagged: 0 Thread(s)
Quoted: 1571 Post(s)
Likes: 0
Liked 12 Times
in
9 Posts
A loss yes. Sad... most certainly. But it is also an opportunity. As much bad as this all is..... in many, or most cases, more good will come from these normal changes.
#88
Senior Member
Join Date: Jan 2016
Posts: 3,448
Mentioned: 33 Post(s)
Tagged: 0 Thread(s)
Quoted: 874 Post(s)
Liked 2,287 Times
in
1,278 Posts
I went to the Oxnard store here in Southern California earlier in the year and they had already downsized quite a bit. I had an ominous feeling as I rifled through the tires looking for a decent pair. They didn't have what I wanted so i bought online (damn) . I did buy a Park tool headset wrench at 20% off. i felt bad for the staff, they were always helpful whenever I went in there. Sad....Joe
#89
Bike Butcher of Portland
Join Date: Jul 2014
Location: Portland, OR
Posts: 11,634
Bikes: It's complicated.
Mentioned: 1299 Post(s)
Tagged: 0 Thread(s)
Quoted: 4678 Post(s)
Liked 5,795 Times
in
2,281 Posts
Performance never seemed like an LBS to me. I don't think a chain store counts as "Local". To me, it's as sad as any other brick and motor store, no more, no less. The times I went there it was for a tube or cable.
Velocult going under, now that hurt. Every time a cycling visitor came to town, they always wanted to take the pilgrimage.
Velocult going under, now that hurt. Every time a cycling visitor came to town, they always wanted to take the pilgrimage.
__________________
If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
If someone tells you that you have enough bicycles and you don't need any more, stop talking to them. You don't need that kind of negativity in your life.
#90
multimodal commuter
Join Date: Nov 2006
Location: NJ, NYC, LI
Posts: 19,808
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
Mentioned: 584 Post(s)
Tagged: 0 Thread(s)
Quoted: 1908 Post(s)
Liked 574 Times
in
339 Posts
I'm more upset about the demise of Niagara Cyclery. I think I was in a Performance store only once, and didn't buy anything. I did buy from their catalog sometimes, fifteen or twenty years ago.
#91
Sunshine
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 16,610
Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo
Mentioned: 123 Post(s)
Tagged: 0 Thread(s)
Quoted: 10954 Post(s)
Liked 7,483 Times
in
4,185 Posts
it was simply commentary based on observations of societies.
it was actually quite general in annoyance.
is this forum in its own death spiral or is that how you want to perceive the forum?
#92
aka Tom Reingold
Join Date: Jan 2009
Location: New York, NY, and High Falls, NY, USA
Posts: 40,502
Bikes: 1962 Rudge Sports, 1971 Raleigh Super Course, 1971 Raleigh Pro Track, 1974 Raleigh International, 1975 Viscount Fixie, 1982 McLean, 1996 Lemond (Ti), 2002 Burley Zydeco tandem
Mentioned: 511 Post(s)
Tagged: 0 Thread(s)
Quoted: 7348 Post(s)
Liked 2,463 Times
in
1,433 Posts
I never had much of a relationship with Performance. I've never been near any of their stores. I saw them as one of the corporate behemoths in the industry. So it surprises me that I'm sad that this is happening. I don't mind economical darwinism, but it seems that huge numbers of people and businesses are being left out to freeze and die. If your business model is more than five years old, you are dead. The same is true of your job skills.
I bought from Nashbar from time to time. Buying their clothes was always a mistake for me, yet I repeated it. But they often had nice sales on things such as tires.
I bought from Nashbar from time to time. Buying their clothes was always a mistake for me, yet I repeated it. But they often had nice sales on things such as tires.
__________________
Tom Reingold, tom@noglider.com
New York City and High Falls, NY
Blogs: The Experienced Cyclist; noglider's ride blog
“When man invented the bicycle he reached the peak of his attainments.” — Elizabeth West, US author
Please email me rather than PM'ing me. Thanks.
Tom Reingold, tom@noglider.com
New York City and High Falls, NY
Blogs: The Experienced Cyclist; noglider's ride blog
“When man invented the bicycle he reached the peak of his attainments.” — Elizabeth West, US author
Please email me rather than PM'ing me. Thanks.
#93
Senior Member
Join Date: Mar 2012
Location: Tallahassee, FL
Posts: 4,811
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 1591 Post(s)
Likes: 0
Liked 1,018 Times
in
571 Posts
Love the Nashbar crochet gloves. And was always pretty happy with whatever I bought from them. But I suspect they may survive and if not I don't expect I'll really miss them. There is no shortage of discount online retailers.
#94
Senior Member
Join Date: Oct 2015
Location: PDX
Posts: 13,034
Bikes: Merz x 5 + Specialized Merz Allez x 2, Strawberry/Newlands/DiNucci/Ti x3, Gordon, Fuso/Moulton x2, Bornstein, Paisley,1958-74 Paramounts x3, 3rensho, 74 Moto TC, 73-78 Raleigh Pro's x5, Marinoni x2, 1960 Cinelli SC, 1980 Bianchi SC, PX-10 X 2
Mentioned: 267 Post(s)
Tagged: 0 Thread(s)
Quoted: 4510 Post(s)
Liked 6,377 Times
in
3,667 Posts
Performance never seemed like an LBS to me. I don't think a chain store counts as "Local". To me, it's as sad as any other brick and motor store, no more, no less. The times I went there it was for a tube or cable.
Velocult going under, now that hurt. Every time a cycling visitor came to town, they always wanted to take the pilgrimage.
Velocult going under, now that hurt. Every time a cycling visitor came to town, they always wanted to take the pilgrimage.
I too mourn the loss of VC as well, horrible loss for us, PDX, C+V and much more. My Performance would/will be as big a loss albeit in a different way.
#95
Senior Member
Join Date: Oct 2013
Location: D'uh... I am a Cutter
Posts: 6,139
Bikes: '17 Access Old Turnpike Gravel bike, '14 Trek 1.1, '13 Cannondale CAAD 10, '98 CAD 2, R300
Mentioned: 62 Post(s)
Tagged: 0 Thread(s)
Quoted: 1571 Post(s)
Likes: 0
Liked 12 Times
in
9 Posts
Maybe.
No.... traffic has fallen considerably here.... and at most forums. Forums are little more than whiteboards.... and many/most have switched to social media formats.
Much like most things.... change is eternal.
Much like most things.... change is eternal.
#96
Senior Member
Join Date: Aug 2015
Location: AZ/WA
Posts: 2,403
Bikes: Yes
Mentioned: 36 Post(s)
Tagged: 0 Thread(s)
Quoted: 460 Post(s)
Liked 54 Times
in
30 Posts
The Performance near me never had that small shop feel but had great people. I rode many a Saturday from there so I would buy consumables and support. But, it's the one of four in the Phx area that is closing. I was surprised as it seems busy enough. The manager told me they make as much and more than a couple others but he believes it was due to fixed cost (lease?). I also rode out of SD. Not sure of the fate of that one but it seemed slower that this one.
#97
Senior Member
Join Date: Jun 2006
Posts: 20,305
Mentioned: 130 Post(s)
Tagged: 0 Thread(s)
Quoted: 3464 Post(s)
Liked 2,828 Times
in
1,995 Posts
Every store that closes is a loss, not only the people working at that store, but the suppliers who will lay off people with inventory they can no longer sell to that chain of stores. Sad day, GM laying off 14,000 plus and ending the production of multiple lines of cars.Which means suppliers laying off people and manufacturers for those suppliers laying off people and those who create the raw materials for the manufacturers laying off people, its a long chain of losses when a store closes.
As the Boss said:
My Hometown
Bruce Springsteen
As the Boss said:
'Now Main Street's whitewashed windows and vacant stores
Seems like there ain't nobody wants to come down here no more
They're closing down the textile mill across the railroad tracks
Foreman says these jobs are going boys and they ain't coming back
To your hometown
Your hometown
Your hometown
Your hometown'
Seems like there ain't nobody wants to come down here no more
They're closing down the textile mill across the railroad tracks
Foreman says these jobs are going boys and they ain't coming back
To your hometown
Your hometown
Your hometown
Your hometown'
My Hometown
Bruce Springsteen
The GM announcements could have been orchestrated better.
Some was done no doubt to posture prior to Union negotiations. For instance, the two Cadillac models announced to be dropped are going to be replaced by one new vehicle. That has to get assembled somewhere- and no announcement of that. A sizeable chunk of the layoffs are white collar staff- think designers and engineers, production support personnel.
The Cruze going away is too bad as it is the final admission that GM cannot engineer an inexpensive entry level car. I have rented one, I was pleasantly surprised. Never would have thought, and that is a problem.
The Volt is curious, but the sales volume barely climbed after a redesign and that was only short time compared to the original's numbers. Abandoning the hybrid powertrain is I think risky. America is too spread out for being so dependent on electricity dispensing points.
Electric is coming, no doubt. Problem I see is at this point the "recharge" time. Sure, with a big charger a modest recharge is possible, but it effects battery life. There are not enough charging stations.
Tesla advises you to not frequently recharge to 100%, go up to 90%. Max it out prior to a long trip. Your 300 mi range car just became a 270 mi range car on average.
#98
Sunshine
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 16,610
Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo
Mentioned: 123 Post(s)
Tagged: 0 Thread(s)
Quoted: 10954 Post(s)
Liked 7,483 Times
in
4,185 Posts
as for traffic on the forum- if whst you say is correct and its happening everywhere, then you answered your own question from earlier- traffic here isnt in a death spiral because p&r has crept into c&v. It's because traffic is down everywhere...as you pointed out.
I'm gping to try to remove myself from this part of the thread now as it has nowhere tongo but down thst death spiral you referenced.
#100
Full Member
My local Performance Store had a person on the street with a 50% off sign this weekend. I have been going in weekly to look for savings, but it seems like they are marking things at full retail and then giving 30 to 50 percent off. I have been watching a rear rack bag that was $29.95 prior to the bankruptcy, now is listed at $39.95 with 40% off. That is close to what I paid for the same one a year ago when it was 5 dollars off $29.95. The store is being picked over pretty well at this point, however.