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Performance Bicycling files for Bankruptcy
 maschwab member offline
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Lifetime: 13,062 mi
Member No. 3718
Member since: Nov 2004
Home: Dawson, YT 
Giant W xtracycle / 35cc motor
Hardtail XC Mountain bike
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Springfield (IL) Bicycle Club
posted 11/16/2018
at 5:48:56 PM
viewed 1749 times
www.bicycleretailer.com/industry-news/2018/11/15/ase-owner-performance-bicycle-and-asi-file-chapter-11#.W-9j2-hKh9A

 Grateful_G member offline
Lifetime: 200,000 mi
Member No. 47108
Member since: Jan 2012
Home: TX 
Bacchetta Corsa
SWB Recumbent bike
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posted 11/16/2018
at 10:13:03 PM
post #1 viewed 1138 times
They probably should have stuck with catalog and internet sales instead of opening all those BIG & expensive stores.

The two nearest me rarely have any customers in them when I've been there.

 ptsbike member offline
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6,365 9,000 mi
Lifetime: 96,789 mi
Member No. 1761
Member since: Mar 2004
Home: Jonesborough, TN 
Orbea Orca Gain
Road bike
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Tri-Cities Road Club
posted 11/17/2018
at 4:47:39 AM
post #2 viewed 1134 times
They have a lot of debt.

 Zurichman member not displaying online status
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Lifetime: 40,707 mi
Member No. 1047
Member since: Oct 2003
Home: Newburg, PA 
LeMond Victoire
Road bike
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Club Rouge Croix click to learn more about premier membership
posted 11/17/2018
at 5:11:39 AM
post #3 viewed 1132 times
I thought Performance and Nashbar were all the same Company. I wonder how that affects their online sales?

I see they also own
Fuji
Breezer
Se Racing never heard of them
Kestrel
Phat
Tuesday Cycles might have heard of them
components wise Oval Concepts which I would guess is Oval chain rings and cranks that everybody seems to be going to lately

Zman
post edited on 11/17/2018 at 5:16:43 AM

 cmoore member offline
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Lifetime: 76,349 mi
Member No. 12704
Member since: Feb 2006
Home: Dallas, TX 
Felt FC
Road bike
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posted 11/17/2018
at 5:22:12 AM
post #4 viewed 1129 times
Yea, they own nashbar too which I did not know. I figured they were competitors. Maybe they will just refocus on the online thing. Retail is tough these days.

 BikeLady member offline
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2,199 5,000 mi
Lifetime: 62,619 mi
Member No. 2053
Member since: Apr 2004
Home: Sandy, UT 
Trek Domane SLR 7 Project One
Road bike
Bonneville Cycling Club of Uta click to learn more about premier membership
posted 11/17/2018
at 6:30:40 AM
post #5 viewed 1118 times
I had a talk with a former Performance employee recently, who said that they were moving away from bike sales (because of the high inventory dollars and low margins) to focus on parts and accessories. So this announcement doesn't surprise me. Stores need both to survive.

 raymondj member offline
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3,637 4,971 mi
Lifetime: 85,166 mi
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Member since: Feb 2008
Home: Tucson, AZ 
Surly Troll
Touring Road bike
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posted 11/17/2018
at 12:00:02 PM
post #6 viewed 1109 times
This looks like the same thing that is happening with other big retailers. Online sales from Amazon and other competitors have probably taken a lot of business from Performance, both online and retail sales. I can't remember the last time I ordered something from Performance, maybe 10 years ago? They have 2 retail stores in Tucson, but when I need some small repair items I go to an independent LBS in my neighborhood.

 BlazingPedals member offline
Lifetime: 15,726 mi
Member No. 4944
Member since: Jan 2005
Home: Haslett, MI 
M5 Carbon Highracer
SWB Recumbent bike
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'BentRider Recumbent Club
posted 11/17/2018
at 6:14:21 PM
post #7 viewed 1094 times
When I first got into cycling, Nashbar was almost completely about parts, accessories, and clothes at low prices. Performance was much the same, except while Nashbar focused on the low end, Performance seemed to focus more on... slightly more performance-oriented stuff. Hence the name, I suppose. Since Performance bought Nashbar, they've both seemed to follow the same business model, getting more and more into complete bikes. The latest flyer I got was completely bikes. Moving away from your core strengths is usually a Bad Idea(tm).

 67walkon member offline
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Lifetime: 57,015 mi
Member No. 15559
Member since: Jul 2006
Home: Tequesta, FL 
Lynskey R330
Road bike
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Blue Ridge Bicycle Club - NC
posted 11/17/2018
at 6:49:15 PM
post #8 viewed 1090 times
I'll miss them. I've bought a lot of stuff over tgebyears.

 Did member offline
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Lifetime: 103,112 mi
Member No. 987
Member since: Oct 2003
Home: Crozet, VA 
Specialized Roubaix Expert SL4
Road bike
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posted 11/17/2018
at 8:21:43 PM
post #9 viewed 1083 times
67walkon, check out BikeTiresDirect website for your bicycling needs. I've used it for years for mail order and have been pleased.

A couple years ago the Performance store in Charlottesville downsized to a smaller store in the same mall, and its stock diminished. Couldn't find the selection that I had depended on in the larger store.

 dasmith44 member offline
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Lifetime: 88,429 mi
Member No. 19954
Member since: Feb 2007
Home: Bonita Springs, FL 
Trek Model 7500
700c Hybrid bike
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Suncoast Cycling Club
posted 11/18/2018
at 3:29:28 PM
post #10 viewed 1070 times
I was never happy with their service or prices.
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