ASI (Performance and Nashbar) files chapter 11
12-04-18, 10:43 AM
#101
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Nashbar has always been a royal PIA at the store level in my eyes. Great for the consumer though. I have never understood what the business model was to have another well known and widely known as affiliated company under the same umbrella sell a large percentage of the same items for a great deal less. For years we would not match them but that was just letting folks walk out the door. Eventually we did but again much like the Team Performance, at what cost. Great examples were Continental tires and Shimano cassettes. Someone would come in and I would match the lower price and then they would use points. We would lose money. The loyalty program was examined when we were purchased but I guess the math said we would lose more customers if we jettisoned it.
Someone could surely buy that end of the business though and make it work all day long. In my opinion, rebuilding the vendor relationships is going to be the struggle. So much money is owed.
Someone could surely buy that end of the business though and make it work all day long. In my opinion, rebuilding the vendor relationships is going to be the struggle. So much money is owed.
If I need to return something to Amazon, I go into my account click return and print out a slip and drop item off at my local Kohls without even having to box it up for shipping. Obviously smaller companies don't have Amazon's resources but there should be some middle ground
12-04-18, 02:44 PM
#102
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Well it seems the terms of the bankruptcy is changing by the minute. They appear to be clearing out all store inventory everywhere. Some stores may be sticking around afterwards if their rent is re-negotiated but doubtful. Ideal is trying to hold them accountable for orders made and asking the court not to throw out their obligations. In short it's turning into a poop storm and it's changing by the minute. Keep your eyes on this one.
In other news the GP 5000 is now available to us US retailers and in true form it's already been discounted overseas. Meh. like watching a train wreck.
In other news the GP 5000 is now available to us US retailers and in true form it's already been discounted overseas. Meh. like watching a train wreck.
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12-08-18, 05:35 AM
#103
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Bizzare
I am building up a bike now and ordered half a dozen parts from them with no problrms. Are you saying we should be careful what we order?
Well it seems the terms of the bankruptcy is changing by the minute. They appear to be clearing out all store inventory everywhere. Some stores may be sticking around afterwards if their rent is re-negotiated but doubtful. Ideal is trying to hold them accountable for orders made and asking the court not to throw out their obligations. In short it's turning into a poop storm and it's changing by the minute. Keep your eyes on this one.
In other news the GP 5000 is now available to us US retailers and in true form it's already been discounted overseas. Meh. like watching a train wreck.
In other news the GP 5000 is now available to us US retailers and in true form it's already been discounted overseas. Meh. like watching a train wreck.
12-08-18, 09:20 AM
#104
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I was in 2 of the stores over the past week and there were no deals. They had signs showing 10% - 40% off but everything in the store was marked at their highest prices.
12-08-18, 09:37 AM
#105
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A bunch of new rules posted on their site as of yesterday...
All Sales are Final. No exchanges, no returns* and no adjustment on prior purchases. (*Refunds may only be for merchandise having a latent defect and returned within 7 days of purchase with receipt).
https://www.performancebike.com/shop/importantupdate
All Sales are Final. No exchanges, no returns* and no adjustment on prior purchases. (*Refunds may only be for merchandise having a latent defect and returned within 7 days of purchase with receipt).
https://www.performancebike.com/shop/importantupdate
