How many millions of dollars has Specialized spent buying independent bike shops over the last two years, at their peak value, in competition with Trek and the PON shops? How do those bike shops now look financially - inventory, staffing, rent, etc?
Yes, there's a glut of inventory and a slowdown of sales, with many bicycle businesses scaling back future orders. This was, as noted, widely expected. But the severe abruptness and extra-poor timing of this ambassador extinction event suggest an unplanned urgency that may not predict a wider industry trend.
Jan. 11, 2023, 11:41 p.m. - Andrew Major
How many millions of dollars has Specialized spent buying independent bike shops over the last two years, at their peak value, in competition with Trek and the PON shops? How do those bike shops now look financially - inventory, staffing, rent, etc? Yes, there's a glut of inventory and a slowdown of sales, with many bicycle businesses scaling back future orders. This was, as noted, widely expected. But the severe abruptness and extra-poor timing of this ambassador extinction event suggest an unplanned urgency that may not predict a wider industry trend.