Stages Power Meters lay off entire workforce

[DJuice]

https://www.garmin.com/en-ZA/p/610827/pn/010-13225-08

Had enough of this high prices!

[IceCreamMan]

2 hours ago, shaper said:

https://road.cc/content/news/2023-saw-worst-bicycle-sales-uk-1985-306667

Lots of positives in that article. It’s not a sky falling on your head article. 1.55 million bicycles sold in a year post Covid boom, 5.4 billion pound industry. There’s gold in them there Surrey hills. 
 

Cycling industry is going through a reboot after Covid, but the prognosis is good if not great and the cycling shops still smousing 10 grand plus bikes. The clever ones will thrive, the not so clever ones won’t. Try to book a bike in for a service and it’s at least a 6 week waiting period. 

[ChrisF]

8 hours ago, IceCreamMan said:

.... Try to book a bike in for a service and it’s at least a 6 week waiting period. 

 

NOT where we live.

 

Local bike workshops are having their queitest year in DECADES.

 

 

"Estimates", "predictions" these are good and well, even needed for business planning.

 

But at some point these "planners" need to get out in the real world.  There needs to be some correlation between "predictions" and "end of year stats", else these predictions loose credibility.

[Shebeen]

Might be a repost for some , but this podcast series on the state of the industry is excellent. 

 

https://open.spotify.com/episode/1PVwnMcN7oTC7Yqxlm2IOU

[DieselnDust]

2 hours ago, Shebeen said:

Might be a repost for some , but this podcast series on the state of the industry is excellent. 

 

https://open.spotify.com/episode/1PVwnMcN7oTC7Yqxlm2IOU

I guess the big question is who and what will survive. 
it appears that every morning I wake up to news of another bike industry failure.

trek and Rapha closing offices, Scott having a CEO camp in in Swiss head office, Stages letting all its staff go but not officially declaring bankruptcy, Colorado Cyclist snd Planet Cyclery having “Closing Sales”, Specialised having a global 50% off sale, juxtaposed by Pinarello and Colnago posting bumper years.

on the face of it, the industry is heading for a big reset. There is only so much space at the top for established brands to compete for share of wallet of  the rich and super rich.

China will likely fill in the gaps for the middle class with emerging brands and rapidly improving product performance and quality at reasonable prices. 

[IceCreamMan]

6 hours ago, ChrisF said:

 

NOT where we live.

 

Local bike workshops are having their queitest year in DECADES.

The local ZA shops facing multiple issues esp in the Gauteng area I spose. Loads of folks are emigrating/semi grating and I guess the folks doing so are the ideal LSM for bike shops. 
 

not a single shop in a 10 mile radius of me has closed down. And there quite a lot of bicycle shops in the area. 

[BaGearA]

1 hour ago, DieselnDust said:

I guess the big question is who and what will survive. 
it appears that every morning I wake up to news of another bike industry failure.

trek and Rapha closing offices, Scott having a CEO camp in in Swiss head office, Stages letting all its staff go but not officially declaring bankruptcy, Colorado Cyclist snd Planet Cyclery having “Closing Sales”, Specialised having a global 50% off sale, juxtaposed by Pinarello and Colnago posting bumper years.

on the face of it, the industry is heading for a big reset. There is only so much space at the top for established brands to compete for share of wallet of  the rich and super rich.

China will likely fill in the gaps for the middle class with emerging brands and rapidly improving product performance and quality at reasonable prices. 

For MTB atleast I think the big s brands will survive , given that they all do more than just bikes. 

 

But brands within the industry that don't do bikes as the main product will likely see struggle soon 

[Headshot]

Maybe the era of every brand trying to be  Guchi or Jimmy Choo - i.e you pay for the name not what you're actually getting, is drawing to a close? 

[DieselnDust]

2 minutes ago, Headshot said:

Maybe the era of every brand trying to be  Guchi or Jimmy Choo - i.e you pay for the name not what you're actually getting, is drawing to a close? 

Let’s 🤞🏼 

[BaGearA]

27 minutes ago, Headshot said:

Maybe the era of every brand trying to be  Guchi or Jimmy Choo - i.e you pay for the name not what you're actually getting, is drawing to a close? 

Out of all of them I hope Intend and Hope come out of it okay.

[Titan Racing Bikes]

1 hour ago, Headshot said:

Maybe the era of every brand trying to be  Guchi or Jimmy Choo - i.e you pay for the name not what you're actually getting, is drawing to a close? 

Titan Racing enters the chat... 😎

[DieselnDust]

3 minutes ago, Titan Racing Bikes said:

Titan Racing enters the chat... 😎

Some SA brands are well positioned to weather the storm.

Titan racing

Lyne components 

most of our clothing brands

ryder innovation 

[Titan Racing Bikes]

1 minute ago, DieselnDust said:

Some SA brands are well positioned to weather the storm.

Titan racing

Lyne components 

most of our clothing brands

ryder innovation 

Support local 👍

[DieselnDust]

Just now, Titan Racing Bikes said:

Support local 👍

Where ever financially possible

[Ruben Hechter]

2 hours ago, Titan Racing Bikes said:

Support local 👍

Is Titan Racing a local brand?

[Titan Racing Bikes]

8 minutes ago, Ruben Hechter said:

Is Titan Racing a local brand?

Born and raised in Cape Town. 👌

We have since grown and as life has taken us on various paths we find ourselves a little bit more scattered around the world these days. But our offices are in South Africa and we're proud to say so.