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The Pro's Closet cuts staff 15%

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The Pro's Closet cuts staff 15%

Old 01-21-23, 04:37 PM
  #76  
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Originally Posted by Koyote View Post
Incorrect.

As I wrote, the money supply is partly responsible for the current inflation, but not entirely responsible for it. Probably not even mostly responsible, though were still untangling that.

PS: Just for fun, I watched the linked video. Do you realize that it is just s basic explanation of how prices are determined in individual markets? it does not address any macroeconomic concepts including the money supply and determination of inflation rates. In fact, he never even mentioned the money supply. Im not sure why you think this is at all relevant..
So what is mostly responsible for inflation then?
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Old 01-21-23, 05:19 PM
  #77  
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Originally Posted by SkinGriz View Post
So what is mostly responsible for inflation then?
If you think that high school teacher's supply-demand video explains inflation, I won't waste my time offering explanations that you won't understand.
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Old 01-21-23, 06:09 PM
  #78  
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Originally Posted by msu2001la View Post
Agree - TPC selling brand new e-bikes seems strange to me. Selling 2 for 1 bikes also seems weird. Who would want two new identical bikes?
TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
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Old 01-21-23, 06:26 PM
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Originally Posted by redtires View Post
TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
The Specialized Experience Center didn't kill off the multiple LBSs in Boulder that carried Specialized. And, since everybody complains that TPC has insane prices, they shouldn't take sales from a local shop.
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Old 01-21-23, 07:11 PM
  #80  
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Originally Posted by tomato coupe View Post
The Specialized Experience Center didn't kill off the multiple LBSs in Boulder that carried Specialized. And, since everybody complains that TPC has insane prices, they shouldn't take sales from a local shop.
I think (?) Specialized still has MAP enforcement, so pricing should be level I would guess. I mean....I suppose TPC could raise prices, but I think they maks a buck by selling used items above what you would find on CL or marketplace for example. But, the sheer size of TPC's new building is mind boggling...about 140,000 square feet. I've been in there once and it's downright sterile and cavernous. That's a **** ton of stock they could have on hand, something most LBS' can't accomodate. But I dunno....I'm sure things will be just fine, but the owner of the local shop is feeling like there could be some over-saturation issues. A valid concern for a LBS owner, so I get that, and he's been in the business for a long time and is a really good guy. I know "everybody" screams about what TPC sell's used stuff for....but at the same time, their business model continues to succeed...the internet screams about anything and everything anyway.
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Old 01-21-23, 11:13 PM
  #81  
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Originally Posted by redtires View Post
I think (?) Specialized still has MAP enforcement, so pricing should be level I would guess. I mean....I suppose TPC could raise prices, but I think they maks a buck by selling used items above what you would find on CL or marketplace for example. But, the sheer size of TPC's new building is mind boggling...about 140,000 square feet. I've been in there once and it's downright sterile and cavernous. That's a **** ton of stock they could have on hand, something most LBS' can't accomodate. But I dunno....I'm sure things will be just fine, but the owner of the local shop is feeling like there could be some over-saturation issues. A valid concern for a LBS owner, so I get that, and he's been in the business for a long time and is a really good guy. I know "everybody" screams about what TPC sell's used stuff for....but at the same time, their business model continues to succeed...the internet screams about anything and everything anyway.
I'm guessing you're referring to Louisville Cyclery? If so, there are already 40+ Specialized dealers within a 30 mile radius, so another dealer (TPC) is probably not going to make a significant difference.
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Old 01-22-23, 08:59 AM
  #82  
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Originally Posted by Koyote View Post
If you think that high school teacher's supply-demand video explains inflation, I won't waste my time offering explanations that you won't understand.
So how can inflation happen without an increase in money supply?
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Old 01-23-23, 09:04 AM
  #83  
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Originally Posted by redtires View Post
TPC is now a Specialized dealer. And Specialized just bought the "old" Pearl Izumi building...which is literally across the street from TPC. This is in a city of 22,000 people where there is also a locally owned LBS Spesh dealer....and they sell out of their "experience center hives". I can't help but think a 42 year old family business is about to get crushed unless they change brands.
On a broader level, if someone is shopping online, why would they buy a Specialized bike through TPC when they can buy that bike directly from Specialized- with service from their local dealer (if they want that)?

As an aside - Specialized has been supportive of our local race scene in Chicago and frequently offers up their two corporate stores (and staff) to help host and sponsor events for local clubs/teams. I generally want to hate the evil corporate overloads - but it hasn't been all bad here.
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Old 01-28-23, 09:18 AM
  #84  
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