Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

Local Performance Cycling Shop Going Out of Business Sale

Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

Local Performance Cycling Shop Going Out of Business Sale

Old 12-06-18, 05:11 AM
  #1  
jpescatore
Senior Member
Thread Starter
 
Join Date: Oct 2017
Location: Ashton, MD USA
Posts: 483

Bikes: Trek Domane SL6 Disc, Trek 520

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 145 Post(s)
Liked 12 Times in 12 Posts
Local Performance Cycling Shop Going Out of Business Sale

The local bike shop I patronize is not Performance Bicycle but I was going to Advance Auto parts near Performance and saw the "Store Closing Sale 30% off" signs, so I went in. But, at 30% off their prices were about the same as typical online prices, or the sale pricess my LBS will have over the winter. Plus stuff that I actually needed (like tubes) was not on sale. Figured I'd be better off supporting my local bike shop than helping spend $$ at a store that is closing down anyway.

Maybe when the sign says "60% off" I'll get tempted.
jpescatore is offline  
Old 12-06-18, 09:14 AM
  #2  
pvillemasher
Senior Member
 
pvillemasher's Avatar
 
Join Date: Sep 2013
Location: Austin Texas USA
Posts: 330

Bikes: 1989 Trek 400, 2000 Lemond Buenos Aires, 2013 GT Attack, 2017 Lynskey R250

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 122 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
I've noticed the same. They have a set of wheels I want, and I am tempted to make an offer to see what happens but I'm afraid they wioll accept and I really don't need the wheels. I may go in this weekend and give a lowball offer a shot.
pvillemasher is offline  
Old 12-06-18, 06:01 PM
  #3  
carlycarlcarl
Junior Member
 
Join Date: Dec 2018
Posts: 12
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Possibly depends on what they buy on consignment. They may be able to get their money back from the distributors and it's one last chance to make some profit
carlycarlcarl is offline  
Old 12-06-18, 09:05 PM
  #4  
jefnvk
Senior Member
 
jefnvk's Avatar
 
Join Date: Apr 2015
Location: Metro Detroit/AA
Posts: 8,143

Bikes: 2016 Novara Mazama

Mentioned: 63 Post(s)
Tagged: 0 Thread(s)
Quoted: 3593 Post(s)
Liked 14 Times in 12 Posts
The folks running the sales have an obligation to the company and the bankruptcy courts to get as much money out of the closings as possible. Can't just firesale from the get-go.
jefnvk is offline  
Old 12-07-18, 02:06 AM
  #5  
Metieval
Senior Member
 
Metieval's Avatar
 
Join Date: Jul 2005
Location: Ohio
Posts: 2,071

Bikes: Road bike, Hybrid, Gravel, Drop bar SS, hard tail MTB

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 795 Post(s)
Liked 41 Times in 33 Posts
yeah 30% of for a Giro Synthe is tempting, but.... Multiple other local bike shops will still be here long after Performance is gone.
I'd rather support one of the shops that will be here tomorrow, next year etc... Especially the shop that hosts many things for the community.
__________________
Dawes SST AL, Cannondale Synapse Alloy 105, Giant Talon 29er, Trek Crossrip Elite,
Metieval is offline  
Old 12-07-18, 05:11 AM
  #6  
exmechanic89
Senior Member
 
exmechanic89's Avatar
 
Join Date: May 2015
Location: Richmond VA area
Posts: 2,717

Bikes: '00 Koga Miyata Full Pro Oval Road bike.

Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 474 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
The store I checked out was a joke as far as bargains go. The sale doesn't have to be 2 extremes: high prices or 'fire sale' as another poster stated. If they're not gonna offer any decent prices, why bother with the sale at all? I saw nothing in the store I looked at that was even close to what you could buy it online for, which kind of killed the 'sale' aspect of it to me. Maybe it'll get better as time goes by..?
exmechanic89 is offline  
Old 12-07-18, 05:47 AM
  #7  
cb400bill
Moderator
 
cb400bill's Avatar
 
Join Date: Jul 2007
Location: Kalamazoo MI
Posts: 16,623

Bikes: Fuji SL 2.1, Schwinn Voyageur, Cannondale Synapse

Mentioned: 37 Post(s)
Tagged: 0 Thread(s)
Quoted: 1345 Post(s)
Liked 137 Times in 81 Posts
Originally Posted by jefnvk View Post
The folks running the sales have an obligation to the company and the bankruptcy courts to get as much money out of the closings as possible. Can't just firesale from the get-go.
This. Have some patience.
cb400bill is offline  
Old 12-07-18, 08:34 AM
  #8  
tajar66
Senior Member
 
Join Date: Jun 2016
Posts: 73
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 20 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Our local Performace is closing as well. We got a couple smokin deals.
tajar66 is offline  
Old 12-07-18, 10:38 AM
  #9  
monstorr
Senior Member
 
Join Date: Nov 2018
Location: Silver Spring, MD
Posts: 50

Bikes: Gravity CXD

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 14 Post(s)
Liked 3 Times in 2 Posts
My local Performance isn't running any sales yet. Patiently waiting to see what I can snatch up!
monstorr is offline  
Old 12-07-18, 10:52 AM
  #10  
no motor?
Senior Member
 
no motor?'s Avatar
 
Join Date: Dec 2005
Location: Chicagoland
Posts: 6,145

Bikes: Specialized Hardrock

Mentioned: 27 Post(s)
Tagged: 0 Thread(s)
Quoted: 1018 Post(s)
Liked 101 Times in 74 Posts
I ordered something online Black Friday instead of dealing with the crowds, and it was backordered anyway. I'm still waiting to see when it's going to ship to me.
no motor? is offline  
Old 12-07-18, 10:55 AM
  #11  
EdwinHeadwind
Banned.
 
Join Date: Oct 2018
Posts: 218
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 92 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
Not every Performance store is closing, so leftover merchandise might get redistributed rather than slashed.
EdwinHeadwind is offline  
Old 12-07-18, 01:25 PM
  #12  
travbikeman
Senior Member
 
travbikeman's Avatar
 
Join Date: Mar 2015
Location: Inwood WV, but maybe moving closer to the C&O areas
Posts: 1,267

Bikes: 2015 Specialized Crosstrail Sport Disc, Prior bikes owned: 1995 Trek 830, 1988 Schwinn Prelude

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 275 Post(s)
Liked 12 Times in 10 Posts
Not sure if Performance will really give any truly good sales. Bankruptcy judge is keeping Performance Bikes from announcing store closing sales:

https://www.bicycleretailer.com/reta...s#.XArItNtKj0M
travbikeman is offline  
Old 12-08-18, 06:03 AM
  #13  
nomadmax 
Senior Member
 
Join Date: Jun 2018
Location: SW Ohio
Posts: 926
Mentioned: 63 Post(s)
Tagged: 0 Thread(s)
Quoted: 404 Post(s)
Liked 236 Times in 133 Posts
Originally Posted by travbikeman View Post
Not sure if Performance will really give any truly good sales. Bankruptcy judge is keeping Performance Bikes from announcing store closing sales:

https://www.bicycleretailer.com/reta...s#.XArItNtKj0M
Now that has changed. It seems all stores can use "Store Closing" banners/signs provided it adheres to state law.

https://www.bicycleretailer.com/indu...ance-locations
nomadmax is offline  
Old 12-08-18, 01:56 PM
  #14  
The Quiet One
Senior Member
 
Join Date: Aug 2012
Location: Oshkosh, WI
Posts: 128

Bikes: Felt Z100, Trek 720

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 16 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Going out of business sales are handled by liquidators, not the stores themselves. Their 30% off is calculated from the the manufacturer's full retail price and have no relation to the price the items sold for when the original owner ran the show. You can find bargains, but like every other thing in this world it's buyer beware.
The Quiet One is offline  
Old 12-08-18, 04:10 PM
  #15  
travbikeman
Senior Member
 
travbikeman's Avatar
 
Join Date: Mar 2015
Location: Inwood WV, but maybe moving closer to the C&O areas
Posts: 1,267

Bikes: 2015 Specialized Crosstrail Sport Disc, Prior bikes owned: 1995 Trek 830, 1988 Schwinn Prelude

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 275 Post(s)
Liked 12 Times in 10 Posts
Originally Posted by nomadmax View Post
Now that has changed. It seems all stores can use "Store Closing" banners/signs provided it adheres to state law.

https://www.bicycleretailer.com/indu...ance-locations
Thanks and Wow! Reading this, the total employees are 1944 with 1662 at the shops. Which means there are 282 employees in both the NC headquarters and Philly HQ. But they put 260 employees all together on notice for layoff's!

That doesn't sound like a company that is considering restructuring. Or otherwise they plan on staying very small in the future. Wow, maybe there will be good clearance prices after all.

I had thought that prices really wouldn't change since they most likely would move inventory to the stores that are staying open or to their online sites.
travbikeman is offline  
Old 12-08-18, 04:34 PM
  #16  
tyrion
Senior Member
 
tyrion's Avatar
 
Join Date: Oct 2015
Location: San Diego, California
Posts: 2,369

Bikes: Breezer Radar

Mentioned: 21 Post(s)
Tagged: 0 Thread(s)
Quoted: 1254 Post(s)
Liked 130 Times in 83 Posts
Originally Posted by exmechanic89 View Post
The store I checked out was a joke as far as bargains go.
Ditto. I surprised there weren't better deals. For a no-returns, no-continuing-service sale, I could do better internet shopping.
tyrion is offline  
Old 12-08-18, 05:10 PM
  #17  
philbob57
Senior Member
 
Join Date: Jul 2013
Location: Chicago North Shore
Posts: 1,140

Bikes: frankenbike based on MKM frame

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 288 Post(s)
Likes: 0
Liked 50 Times in 37 Posts
I got some Five-Ten Freeriders for under $60, including tax (10.25%, I think) today 40% off ($60) - 10% off ($54) + 10.25% ($5.54). It's not hard to get them for 20% off online, but it's very hard to get them for less than that. I'm happy. Five days ago, the price would have been $77 - 30% off plus tax.

On weekends now, they give an extra 10% off what you spend. Later that will happen on weekdays, too.

The prices will get better as time goes on, though the choice will get worse.
philbob57 is offline  
Old 12-08-18, 07:08 PM
  #18  
themp
Senior Member
 
Join Date: Aug 2015
Posts: 160

Bikes: Specialized Crosstrail

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 52 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
My local store was not on the first list, but seems to be now. Closing signs and discounts signs in all the windows. The store was quite busy compared to before bankruptcy. Actually saw a guy walking out with a bicycle in the original box from the manufacturer. Also, saw two mechanics that were new to the store, assembly bicycles like crazy.
themp is offline  
Old 12-08-18, 08:50 PM
  #19  
Doctor Morbius
Interocitor Command
 
Doctor Morbius's Avatar
 
Join Date: Oct 2003
Location: The adult video section
Posts: 3,329

Bikes: Endurance Road, Road, DS Hybrid, Hybrid, Sport MTB

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 563 Post(s)
Liked 15 Times in 12 Posts
As of yesterday Dec 7th ...
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).
We are no longer accepting "Special Orders."
We can no longer offer Ship-to-Store, Ship-from-Store, store transfers or Store Pickups of online or phone orders.
We will no longer price-match competitors, or PerformanceBike.com (sale pricing, coupons and other layered discounts). Online purchases cannot match in-store prices.
Our Layaway, Trade-In and Hide-a-Bike programs are discontinued. (Existing Hide-a-Bike purchases will remain available for pickup on or before Christmas Eve.)
Online purchases can no longer be returned to any Performance Bicycle store. Contact our customer service department here to discuss returning your online purchase.
We will no longer offer financing at any Performance store. Financing remains available for online purchases through PayPal Credit.
We will no longer offer Lifetime Free Adjustments.
All manufacturers' warranties remain in effect for purchases either in-store or online.
We can no longer offer free, in-store assembly of bikes purchased at PerformanceBike.com or via phone order.
We no longer offer Performance Bicycle led group rides at our retail locations.
Doctor Morbius is offline  
Old 12-10-18, 09:49 AM
  #20  
EdwinHeadwind
Banned.
 
Join Date: Oct 2018
Posts: 218
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 92 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
Originally Posted by EdwinHeadwind View Post
Not every Performance store is closing, so leftover merchandise might get redistributed rather than slashed.
I may stand corrected -- an employee told my wife yesterday that all the Performance stores are now closing. Unconfirmed, but credible.
EdwinHeadwind is offline  
Old 12-10-18, 10:01 AM
  #21  
Hiro11
Senior Member
 
Join Date: Jun 2010
Posts: 2,066

Bikes: To the right: opinions, not facts.

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 460 Post(s)
Likes: 0
Liked 31 Times in 19 Posts
Originally Posted by EdwinHeadwind View Post
I may stand corrected -- an employee told my wife yesterday that all the Performance stores are now closing. Unconfirmed, but credible.
Confirmed. I got an email from them that was confirmed by an employee that all stores are closing. Brick and mortar Performance is done.

Also, this "sale" is garbage at this point. As any of us tight wads know, for years Performance has been running 20-30% sales weekly. If you paid full price at Performance, you were not paying attention. What they've done with these "store closing" sales is discount from the full retail MSRP. These discounts are "up to 40%" but mostly 10-20%. As a result, this is less of a deal than many of their standard weekly sales. I found nothing in the shop I went to that struck me as a particularly good deal. Still, it seems to be working for them. I saw several people there buying armloads of stuff that they could get any day of the week online for less. Based on my experience, don't believe the hype.
Hiro11 is offline  
Old 12-10-18, 02:20 PM
  #22  
jefnvk
Senior Member
 
jefnvk's Avatar
 
Join Date: Apr 2015
Location: Metro Detroit/AA
Posts: 8,143

Bikes: 2016 Novara Mazama

Mentioned: 63 Post(s)
Tagged: 0 Thread(s)
Quoted: 3593 Post(s)
Liked 14 Times in 12 Posts
Sad to hear they're all closing. Bloomfield and Ann Arbor had good knowledgeable people.

My original point remains though. Bankruptcy overseers have an obligation to get as much more ney as possible, just because something isn't a screaming deal to you doesn't mean others won't find it enough of a discount to pull the trigger. It'll be months before they get to the 90% off, blow it all out sales
jefnvk is offline  
Old 12-10-18, 03:11 PM
  #23  
travbikeman
Senior Member
 
travbikeman's Avatar
 
Join Date: Mar 2015
Location: Inwood WV, but maybe moving closer to the C&O areas
Posts: 1,267

Bikes: 2015 Specialized Crosstrail Sport Disc, Prior bikes owned: 1995 Trek 830, 1988 Schwinn Prelude

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 275 Post(s)
Liked 12 Times in 10 Posts
Kind of figured that all stores were going to close with the amount of layoffs that were being projected. Bummer that you can't check on Performances site if products are at the stores anymore. Looks like they took that ability away.
travbikeman is offline  
Old 12-10-18, 03:24 PM
  #24  
Elvo
Senior Member
 
Join Date: Oct 2006
Location: Orange County, CA
Posts: 4,123
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 360 Post(s)
Likes: 0
Liked 19 Times in 15 Posts
They are crossing out the "original" MSRP with permanent marker and hand writing in the "new" MSRP. For example, $100 helmet is now $130 helmet with 20% off.
Elvo is offline  
Old 12-10-18, 03:47 PM
  #25  
travbikeman
Senior Member
 
travbikeman's Avatar
 
Join Date: Mar 2015
Location: Inwood WV, but maybe moving closer to the C&O areas
Posts: 1,267

Bikes: 2015 Specialized Crosstrail Sport Disc, Prior bikes owned: 1995 Trek 830, 1988 Schwinn Prelude

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 275 Post(s)
Liked 12 Times in 10 Posts
Originally Posted by Elvo View Post
They are crossing out the "original" MSRP with permanent marker and hand writing in the "new" MSRP. For example, $100 helmet is now $130 helmet with 20% off.

That is hilarious. I need to go see this at our local Performance Shop just to have a good laugh.
travbikeman is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.