jpescatore

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.

pvillemasher

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.

carlycarlcarl

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

jefnvk

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.

Metieval

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.

exmechanic89

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..?

cb400bill

This. Have some patience.

tajar66

monstorr

My local Performance isn't running any sales yet. Patiently waiting to see what I can snatch up!

no motor?

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.

EdwinHeadwind

Not every Performance store is closing, so leftover merchandise might get redistributed rather than slashed.

travbikeman

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

nomadmax 

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

The Quiet One

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.

travbikeman

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.

tyrion

Ditto. I surprised there weren't better deals. For a no-returns, no-continuing-service sale, I could do better internet shopping.

philbob57

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.

themp

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.

Doctor Morbius

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.

EdwinHeadwind

I may stand corrected -- an employee told my wife yesterday that all the Performance stores are now closing. Unconfirmed, but credible.

Hiro11

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.

jefnvk

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

travbikeman

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.

Elvo

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.

travbikeman

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