The Pro's Closet cuts staff 15%
01-21-23, 04:37 PM
#76
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Incorrect.
As I wrote, the money supply is partly responsible for the current inflation, but not entirely responsible for it. Probably not even mostly responsible, though we’re still untangling that.
PS: Just for fun, I watched the linked video. Do you realize that it is just s basic explanation of how prices are determined in individual markets? it does not address any macroeconomic concepts – including the money supply and determination of inflation rates. In fact, he never even mentioned the money supply. I’m not sure why you think this is at all relevant..
As I wrote, the money supply is partly responsible for the current inflation, but not entirely responsible for it. Probably not even mostly responsible, though we’re still untangling that.
PS: Just for fun, I watched the linked video. Do you realize that it is just s basic explanation of how prices are determined in individual markets? it does not address any macroeconomic concepts – including the money supply and determination of inflation rates. In fact, he never even mentioned the money supply. I’m not sure why you think this is at all relevant..
01-21-23, 05:19 PM
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01-21-23, 06:09 PM
#78
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TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
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01-21-23, 06:26 PM
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TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
01-21-23, 07:11 PM
#80
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I think (?) Specialized still has MAP enforcement, so pricing should be level I would guess. I mean....I suppose TPC could raise prices, but I think they maks a buck by selling used items above what you would find on CL or marketplace for example. But, the sheer size of TPC's new building is mind boggling...about 140,000 square feet. I've been in there once and it's downright sterile and cavernous. That's a **** ton of stock they could have on hand, something most LBS' can't accomodate. But I dunno....I'm sure things will be just fine, but the owner of the local shop is feeling like there could be some over-saturation issues. A valid concern for a LBS owner, so I get that, and he's been in the business for a long time and is a really good guy. I know "everybody" screams about what TPC sell's used stuff for....but at the same time, their business model continues to succeed...the internet screams about anything and everything anyway.
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01-21-23, 11:13 PM
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I think (?) Specialized still has MAP enforcement, so pricing should be level I would guess. I mean....I suppose TPC could raise prices, but I think they maks a buck by selling used items above what you would find on CL or marketplace for example. But, the sheer size of TPC's new building is mind boggling...about 140,000 square feet. I've been in there once and it's downright sterile and cavernous. That's a **** ton of stock they could have on hand, something most LBS' can't accomodate. But I dunno....I'm sure things will be just fine, but the owner of the local shop is feeling like there could be some over-saturation issues. A valid concern for a LBS owner, so I get that, and he's been in the business for a long time and is a really good guy. I know "everybody" screams about what TPC sell's used stuff for....but at the same time, their business model continues to succeed...the internet screams about anything and everything anyway.
01-23-23, 09:04 AM
#83
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TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
As an aside - Specialized has been supportive of our local race scene in Chicago and frequently offers up their two corporate stores (and staff) to help host and sponsor events for local clubs/teams. I generally want to hate the evil corporate overloads - but it hasn't been all bad here.
01-28-23, 09:18 AM
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Like the song says “What goes up must come down , spinning wheels have to go round”……….
