Hope will probably be ok. It's the lesser known brand like Halo that would be in trouble.I think customer loyalty is diminishing around the globe these days, but the UK has been hit with one of the worst living crises due to energy costs. Boutique brands are probably going to take a hit worldwide, giant, meridia, specialized, and so on do the same job for almost half the price. They have ride to work incentives in the UK too, so maybe they didn't focus too much on where most of the money was.
It makes me wonder how Hope will go. I think you're going to see the Chinese manufactured stuff get cheaper, they're struggling to keep people employed over there ATM.
I have a black spire bash guard on the Orange…Black spire gone
don’t forget Chopstick, or did he phoenix into fuckstickOrange administration
CRC/Wiggle administration
Stanton administration
PlanetX in administration
(All UK companies mmm)
Canyon bike losses
Guerilla Gravity out of business
VanMoof out of business
Islabikes closed down
Kona BOGOF sales
Specialized laying off staff and massive sales
MTB race team culls
Crisis is most likely a hyperbolic descriptor but there's certainly a lot of changes.
Damn, looks like you've just given Hope the kiss of death!I have a black spire bash guard on the Orange…
Who is doing well you think?Some companies in an industry going out of business while others are doing well is not a crisis. Simply a combination of supply/demand/unit price/market share/greed/cost/profit. Same as anywhere.
I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?Who is doing well you think?
An article from August 2021 might not be too reflective of the current state of the industry though...I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?
First thing Hambo says
Global Bike Manufacturers are Still Booming
Despite Covid lockdowns and restrictions, the bike manufacturing boom is showing no signs of slowing down. Read the financials of the bike majors here.thelatzreport.com.au
That's from August 2021.I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?
First thing Hambo says
Global Bike Manufacturers are Still Booming
Despite Covid lockdowns and restrictions, the bike manufacturing boom is showing no signs of slowing down. Read the financials of the bike majors here.thelatzreport.com.au
Black spire gone
Missed out on chance to get a box of themThis one hurts a little. They were making my absolute favourite pedal.
Could be going the way of other stupids, with high RRP but regular sales of sensible prices? (Everyone wants to get a discount..) Like Kathmandu sales, bedding industry... Dishwasher tablets in supermarketsA good shake up, a lull in buying stupid over priced bikes, price realignment, get rid of the weak and the strong innovative companies survive.
They all got greedy during corona and took advantage of supply issues, raised prices, full RRP on bikes. Attitude of pay the price or someone else will buy it.
Those $4000 carbon frames in 2019 are now nearly $6000.
This can only work in our favour, cheaper parts and a better attitude. Maybe the chunts will offer discount codes again... Haven't seen them in a few years.
An article from August 2021 might not be too reflective of the current state of the industry though...
Like I said first thing I read. I don't actually give a fuck other than I don't think there is a crisis. But by all means get hambo to google that for you.That's from August 2021.
I just checked and both Shimano and Giant have been going down since then. Trek's parent company has stayed about the same during that timeframe but is massively down since 2015.
Missed out on chance to get a box of them
BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Page 1 of 14 - Able Auctions
Able Auctions - BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Langley, British Columbiabid.ableauctions.ca
They may also just be taking a moment to dump their CRC/wiggle stock, and not be closing? On the bright side, someone/s bought all those boxes..
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