SSU insolvency and the bike industry generally

[El Chupacabra]

Hmmm Spot is dumping Mayhem frames for $999 now. Wondering if they are finally starting to sweat a bit? I know several people in here have wondered how they have survived this.

I'm considering a Mayhem 130, but a Ryve would be a better fit for what I would be using this for.

I have a Salsa Blackthorn for a burly 130mm travel bike, and a Mayhem feels like a lot of overlap with that.

[Tailwind]

Their new Mayhem 140 looks like a sweet bike for my wife but it feels overpriced. It’s $800 more for GX Transmission than the New Revel rascal and the Rascal is on sale which makes it $1500 different… just feels like they overview things then need to close them out when they don’t sell.

Hmmm Spot is dumping Mayhem frames for $999 now. Wondering if they are finally starting to sweat a bit? I know several people in here have wondered how they have survived this.

[ddocky]

Anyone notice that We Are One no longer has the Arrival on their website?

[smmokan]

Hmmm Spot is dumping Mayhem frames for $999 now. Wondering if they are finally starting to sweat a bit? I know several people in here have wondered how they have survived this.

I think the sale is more related to the new Mayhem dropping last month. Besides, Spot is banking on their requested $25mm settlement from suing Gates, they’ll be good for a long time.

[Eluder]

Anyone notice that We Are One no longer has the Arrival on their website?

I’ve heard they are done making them, focusing on rims.

[grinch]

Maybe Jon Shelly does something special at world champs and demand for their frames changes their minds? The kid definitely has some speed. Maybe a bit too light on experience though

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[sfotex]

Hmm, thinking about one of those Mayhem 130s frames to swap out my Fuel EX I don't ride that often cause I always seem to grab my Top Fuel or Revel Rail but would love to have something in the middle I love..The FEX is ok, but I just can't seem to fall in love with it. I think the slacker seat tube on the FEX might be the issue?

[Dantheman]

https://m.pinkbike.com/news/hayes-pe...n-layoffs.html

According to a reliable source it's worse than the article indicates.

[Eluder]

I just read an old post on the green site that suggests the mothership may be in trouble. Rumors say that TGR laid everyone off and shut down all retail locations.

Is there already a thread somewhere on this? I have been on a break.

I have a friend who was laid off last week from an outdoor industry adjacent company. Total bummer.

[joetron]

I heard a rumor yesterday that things are looking very bleak…and today James Huang posts this? The sale is pretty crazy.


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[Marshal Olson]

Whoa

[Skistack]

The investors must have decided to cut their losses.


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[mntlion]

TPC:

buy used bikes at the height of the prices and try to sell once the market is flooded?

[Canada1]

Pink bike with a middle man. That said, I hope they pull it off. Having a used market outside of the classifieds is positive.

[joetron]

Oh shit.
John Watson from the Radavist throwing logs on the funeral pyre.
Background: Watson bought The Radavist back from TPC last year, a few years after selling it to them when everyone was tripping over their dicks trying to give TPC money and thinking that their growth curve was somehow sustainable.
Hot take: Pon Holdings will buy TPC for pennies on the dollar and create some wild trade-in program to keep customers in their vastly expanding ecosystem.


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[Andeh]

Every time I'm shopping for parts, I always see TPC ads pop up in the search results for brand new parts at full retail. WTF is up with that? The few times I've actually gone there directly to try and find takeoff parts, it seems like they never have anything. So basically their business model lately has been to act as a full retail price drop-shipper from QBP?

[grskier]

TPC Prices on full used bikes are about what I've seen in LBS on sale bikes this fall... ymmv.

poking around components and there are a few things around that look ok.

[nickwm21]

TPC was a great idea at first glance. But once you think about the mechanics of it…

- Ship the bike from the seller
- Have a human clean it, tune it, photograph it, write copy and post.
- Pack and ship the bike to the buyer

Impossible to do all that, have it be a good deal for both the seller & buyer, plus make a profit - without perfect market conditions…


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[singlesline]

I see some decent sale prices, but I wish there was a way to sort or filter by % discount as a lot of stuff is barely discounted....and sizing seems pretty limited in a lot of the apparel.

Anyone need a 30.9 240mm dropper? https://www.theproscloset.com/produc...3-dropper-post

[Dantheman]

TPC was a great idea at first glance. But once you think about the mechanics of it…

- Ship the bike from the seller
- Have a human clean it, tune it, photograph it, write copy and post.
- Pack and ship the bike to the buyer

Impossible to do all that, have it be a good deal for both the seller & buyer, plus make a profit - without perfect market conditions…


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For buyers, being able to buy a used bike sight unseen and know it's not going to be clapped out garbage is definitely worth something. I don't know about requiring "perfect" market conditions, normal might have sufficed, but it certainly doesn't work when new bikes are being blown out at 40-50% off.

[EWG]

TPC worked great when they were selling bikes form the Boulder area cycling community - people that didn't want to deal with the hassle and either had sponsorships or enough money to get new rides without much worry.

Those people don't exist throughout the country, and at some point TPC had to start spending real money to get inventory. Scaling it up just didn't work.

IMO

[Skistack]

Yeah, not everyone is getting a new S-Works every couple years.

And yet TPC talked investors into giving them tens of millions of dollars. I would fucking love to see those slide decks.


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[smmokan]

Yeah, not everyone is getting a new S-Works every couple years.

And yet TPC talked investors into giving them tens of millions of dollars. I would fucking love to see those slide decks.


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Private Equity greed at its finest, combined with unsustainable growth through the Covid years... they've made some very bad business decisions over the last 4-5 years.

I remember back in '20 and '21 they contacted me and asked to buy all of our demo bikes, and told me how much they'd pay. I declined, and named my price- and they paid it without hesitation. Pretty sure they lost money on most of those bikes.

[mcski]

I’d bet that private equity somehow turned what in real terms is bad business into good business for themselves

[EWG]

Private Equity greed at its finest, combined with unsustainable growth through the Covid years... they've made some very bad business decisions over the last 4-5 years.

I remember back in '20 and '21 they contacted me and asked to buy all of our demo bikes, and told me how much they'd pay. I declined, and named my price- and they paid it without hesitation. Pretty sure they lost money on most of those bikes.

Good god