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Search: Posts Made By: Psimet2001
Showing results 1 to 40 of 40
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Forum: Road Cycling
02-07-22, 03:02 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Yeah Specialized doesn't care about price...

Yeah Specialized doesn't care about price competing with anyone really. Specialized has usually beat Trek in mtb sales but last year or the year before was the first time they had overtaken Trek in...
Forum: Road Cycling
02-07-22, 02:54 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

The way they address that is they cut IBD...

The way they address that is they cut IBD margins. IBD's don't drop pricing off MSRP very far if at all if they can't get any margin out of it.

Inventory won't really swell. Few, if any of these...
Forum: Road Cycling
02-07-22, 01:07 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Nice. I have thought of getting a couple just to...

Nice. I have thought of getting a couple just to have them.



Indeed. Elgin Watch Company or Elgin National Watch Company was one of the world's largest from like 1850-WWII. Then the Swiss...
Forum: Road Cycling
02-05-22, 01:44 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

The model for the industry has killed the idea of...

The model for the industry has killed the idea of stocking anything. Has to do with how parts go to market and the inevitable grey market parts from OEs. In short the wholesale pricing for shops ends...
Forum: Road Cycling
02-05-22, 12:36 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

One of my late night youtube rabbit holes is old...

One of my late night youtube rabbit holes is old watch repair. I live in Elgin and much of the history of this city is centered around the Elgin Watch Company. The Observatory with Planetarium they...
Forum: Road Cycling
02-04-22, 05:11 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Agreed. There is a small market for boutique...

Agreed. There is a small market for boutique service/sales but it's not a great space to be in. I have watched a few closely. Some do OK. The coolest setup I ever saw is Saville Road -...
Forum: Road Cycling
02-04-22, 11:10 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

Yeah I remember running threads out here like 15...

Yeah I remember running threads out here like 15 years ago where I would talk about how I had looked into the economics of bike shops for a long time and the consensus was it was a horrible idea. I...
Forum: Road Cycling
02-02-22, 10:54 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

Recorded the podcast yesterday. It's up now. Was...

Recorded the podcast yesterday. It's up now. Was lucky enough to have long time industry veteran Tim Jackson (Spokesmen Podcast, Masi Guy, etc) join us. A good one to listen to if the industry stuff...
Forum: Road Cycling
02-02-22, 10:50 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

If you end up with that much money then you...

If you end up with that much money then you should run away from cycling at all costs. Someone will eventually talk you into being a title sponsor of a team and you'll be broke in a handful of years.
Forum: Road Cycling
01-29-22, 01:24 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

I have a team member who is a mechanic there. She...

I have a team member who is a mechanic there. She is awesome. That's all I will say.

There is another store scheduled to come into Chicago as well. That's what makes me laugh at the memes and...
Forum: Road Cycling
01-28-22, 12:05 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Yes I was alluding to the Specialized...

Yes I was alluding to the Specialized announcement. I know enough dealers I got a heads up a couple days ago regarding the meeting and it didn't take a genius to figure out what it was going to be...
Forum: Road Cycling
01-27-22, 01:57 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

One of the big brands is having an "all hands"...

One of the big brands is having an "all hands" dealer zoom meeting today. Implications are that it is a big announcement. .....
Forum: Road Cycling
01-26-22, 03:13 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Sorry - to build on that when the demand peak hit...

Sorry - to build on that when the demand peak hit it wiped out what was in the chain and then quickly wiped out what was in process. The first items produced "since the hit" are really going to be...
Forum: Road Cycling
01-26-22, 03:10 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Supply chain is so complex in fact that some of...

Supply chain is so complex in fact that some of us have dedicated careers to it, it's a fields of study, there's tons of certifications available, etc. :D

The supply chain for bikes is way longer...
Forum: Road Cycling
01-25-22, 06:05 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

This is well written. “There shouldn’t be a...

This is well written.

“There shouldn’t be a de facto floating cartel to control this industry. And hopefully, as we resurrect antitrust law, there won’t be.”
...
Forum: Road Cycling
01-18-22, 10:59 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

The bicycle industry in the US has seen many...

The bicycle industry in the US has seen many booms and busts over the years. A pandemic and some e-bikes does not redirect an entire country's car centric culture. We will hold on to "some" of the...
Forum: Road Cycling
01-17-22, 11:08 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

Yup. People really feel this strange need to come...

Yup. People really feel this strange need to come up with a single explanation for everything they see. I think it's because it allows them to feel as though they somehow understand a very large and...
Forum: Road Cycling
01-17-22, 11:01 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

The bubble refers to demand. There was a rapid...

The bubble refers to demand. There was a rapid increase in demand that started at the beginning of the pandemic. I more than outstripped supply and capacity by an order of magnitude. That demand has...
Forum: Road Cycling
01-15-22, 12:43 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Yup - that's where the market and growth is. As...

Yup - that's where the market and growth is. As much as all us enthusiasts want to believe that just because the stuff we like is expensive and there seems to be a short supply of it that we are...
Forum: Road Cycling
01-15-22, 12:34 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

The trend was over pretty much the entire last...

The trend was over pretty much the entire last quarter of last year. Had nothing to do with this January. The thing of note is that we "returned" to demand levels we would see in a "normal" or...
Forum: Road Cycling
01-14-22, 03:17 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

let me apologize up front for not riding often...

let me apologize up front for not riding often and being immensely slow when I do. :lol:
Forum: Road Cycling
01-14-22, 03:04 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

HAHAHAHA - yeah. Pat McClarty. on our team. I've...

HAHAHAHA - yeah. Pat McClarty. on our team. I've been told he does well in the make believe racing stuff. ;) - He's always going on about Zwift in the team chat.

EDIT - I was out there yesterday,...
Forum: Road Cycling
01-14-22, 02:39 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

75% of Chicagoland is 30 minutes southeast of me....

75% of Chicagoland is 30 minutes southeast of me. If you're talking southwest burbs then maybe you're implying Spokes in Wheaton? They're pretty much a Giant store though I thought. They charge an...
Forum: Road Cycling
01-13-22, 03:59 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Long ago on here I used to quote a bunch of...

Long ago on here I used to quote a bunch of numbers from the NBDA that stated the average net profit for bike shop operations being in the 3-5% range on average for a well functioning store. That was...
Forum: Road Cycling
01-13-22, 03:08 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

It's the non-warranty stuff too. Example - guy...

It's the non-warranty stuff too. Example - guy bought a set of ENVE wheels used off Pros closet. Took them to a local shop because one, that was set up tubeless, was slowly losing air. it was a trek...
Forum: Road Cycling
01-13-22, 01:43 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

One of my favorites that even a few of us locals...

One of my favorites that even a few of us locals often contribute to - https://www.facebook.com/groups/567464943318095
Forum: Road Cycling
01-13-22, 11:02 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

HAHAHA I was hoping you'd come in here on this...

HAHAHA I was hoping you'd come in here on this one!
Forum: Road Cycling
01-13-22, 11:02 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

HAHAHAHAHAHAaaaaa..... Yeah. OK -...

HAHAHAHAHAHAaaaaa.....

Yeah.

OK - Normal shop rates for bike shops have been in the $60/hr range for at least 20 years. I still charge $60/hr and I'm on the low end. As many also know - that...
Forum: Road Cycling
01-13-22, 10:43 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

TBH nothing has actually changed except for maybe...

TBH nothing has actually changed except for maybe your perception of Chinese direct and how prevalent it is. I started importing open mold rims and building custom wheels like 14 years ago. They were...
Forum: Road Cycling
01-13-22, 10:06 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

In my shop - the spoke would have been ~$3.50....

In my shop - the spoke would have been ~$3.50. The truing most likely $15. The re-tape and tubeless setup would be about $35. ...but you implied this wouldn't be able to be repaired in an independent...
Forum: Road Cycling
01-12-22, 11:58 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

...and to me that seems like a really quick turn....

...and to me that seems like a really quick turn. HAHAHA. Seriously though it's because of the brand/model. Honestly you could probably get it before then if you buy it off that brand's consumer...
Forum: Road Cycling
01-11-22, 01:05 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

HAHAHAHA - yeah I bought a bike shop to store...

HAHAHAHA - yeah I bought a bike shop to store mine. :D
Forum: Road Cycling
01-11-22, 12:18 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

You're not alone. Have fun getting the parts to...

You're not alone. Have fun getting the parts to build it.

I just sent out a Lynskey a customer ordered up. She mentioned how she was happy to wait for the frame. It took like 8 months or...
Forum: Road Cycling
01-11-22, 12:15 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

Here's the kicker - prices haven't actually "gone...

Here's the kicker - prices haven't actually "gone up" it's just that we are now able to actually get the MSRP for an item. Those prices are never going back down except for like Shimano with the OE...
Forum: Road Cycling
01-11-22, 12:08 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

This will still be handled. ...

This will still be handled.

trek/giant/specialized will take over all the retail space they want. Independent dealers of theirs will either cease to exist or simply exist in territories that the...
Forum: Road Cycling
01-11-22, 11:54 AM
Replies: 220
Views: 18,660
Posted By Psimet2001

This is what I am talking about. not only is trek...

This is what I am talking about. not only is trek doing it but Giant as well. Giant and Specialized are doing it through their Direct to Consumer (DTC) web portals. Giant sent out a letter to all...
Forum: Road Cycling
01-10-22, 02:10 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

The article is pointing out that demand for the...

The article is pointing out that demand for the last few months is back to the levels it was pre-pandemic for these same winter months. The demand in the last few years was about an order of...
Forum: Road Cycling
01-10-22, 01:57 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

HAHAHAHA - I was all over the what'sapp this...

HAHAHAHA - I was all over the what'sapp this morning trying to figure out a better podcasting calendar. We know we need steady content but it's like wrangling cats. Used to be easier when people were...
Forum: Road Cycling
01-10-22, 01:25 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

You'd hope but it will still take a year or two...

You'd hope but it will still take a year or two for all this to start settling down. Even if everything was back in stock tomorrow it takes months to get out to all the end places in the stream.
...
Forum: Road Cycling
01-10-22, 12:52 PM
Replies: 220
Views: 18,660
Posted By Psimet2001

The bubble is upon us?

For those that don't already know - yes I am in the industry. Most of us have been talking about the impending bubble of inventory that is coming. You see when the shortages first hit just about...
Showing results 1 to 40 of 40


 
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