A merger with sports e-commerce giant Signa Sports United means that CRCWiggle - the parent company of Chain Reaction Cycles and Wiggle - is now part of a publicly-traded retail group with $1.8 billion in annual sales, Bicycle Retailer and Industry News
reported.
SSU was recently acquired by Yucaipa Acquisition Corporation, a blank check company that allowed SSU to go public without going through the traditional IPO process. The Yucaipa Acquisition Corporation was already being traded on the New York Stock Exchange under the YAC symbol, and now the corporation will be traded under the symbol
SSU.
SSU, a German group, didn't have much stake in US bike sales until now, but still claims to be the world's largest online bike retailer, with ProBikeShop and Bikester making up a large portion of its sales. Neither ProBikeShop nor Bikester sells to the US. Still, the group is forecast to do $1.1 billion in sales without including CRCWiggle revenue.
As the group expands, it has its sights set on the US bike industry. Prior to the merger, SSU's revenue comes 96% from the EU and 4% from the UK. CRCWiggle is SSU's chance at a foothold in the US bike industry, and the group's
Q3 investor presentation indicates that the group plans to capitalize off the bike boom and especially the e-bike boom. CRCWiggle's revenue is 58% from the UK, 20% from the EU, 7% from the US, and 15% from the rest of the world, which SSU CSO called Phillipp Rossner
calls a "perfectly complementary geographic sales footprint" to what SSU has already established.
In a bid to "accelerate" sales in the US, SSU also recently acquired Midwest Sports and Tennis Express, both of which are US-based tennis retailers. With those acquisitions, SSU is expected to generate 9% of its revenue from US sales. 63% of its revenue is expected to come from the bike segment.
Rossner also noted that the online sports retail market is still highly fragmented and said that SSU will be further looking to consolidate and increase its stronghold.
No. CRC went vertically down hill after the Wiggle merger. Prices shot up and stock went down. I all but stopped using them and went to the big Euro stores as well as Bike Tart, Tredz etc. Even post Brexit I still order from the EU as long as its under £130 and a return is unlikely. CRC is a tiny spec of its former self.
Currently, comparing prices and stock to other online retailers like bike24, they're definitely lagging by a good bit.
Suddenly that all changed - lousy stock, non-competitive prices, and most importantly, no option for speedy delivery. Just annoying broker-based shipping which meant 2-3 weeks of waiting, customs delays etc.
Haven't used them since. My LBS really picked up their game at that time too, though.
I realise the level of discounting I was enjoying probably wasn't sustainable, but the pendulum has swung the other way now.
I get it's better for the shop as they have to carry fewer products and have less money tied up in stock, but it sucks for the customer if they're in need of a part quickly. It just seems somewhat dishonest and also undercuts the shops who are investing in more stock and trying to provide a more typical (i.e. good) customer experience.
Do take your point that there are certainly more options out there now to step in to the gap CRC have left though!
No offers are ever really genuine or a good saving anymore and the competition (bike24/alltricks/bike discount etc..) are all much better. (although alltricks customer support is atrocious)
They don’t have the largest product line, but they have what I need, the prices are decent, (& in CAD $) and the customer service is excellent. Best of all they offer free shipping on orders over $149. Which seems I’m always over.
CRC's shipping times have been pretty good. Tires arrived at my doorstep no more than 4 days from the date of purchase. A road bike arrived in a week. Longest wait so far has been 2 weeks which is perfectly acceptable given the distance traveled.
But it sounds like I need to expand my online shopping horizons? I have basically given up on Jenson. Prices there are high and stock is always low. Backcountry is ok. Kinda hate spending money there after the lawsuit fiasco. I still buy complete bikes and drivetrain items from my LBS. But for most wear items and small parts online shopping is just so much more convenient.
I can offer a wide choice without having the liability and then i can pass on decent savings as i don’t have endless end if life inventory.
I get the customers frustration with it showing as in stock, but the customer needs to realise that its impossible to hold everything. One of my supplier has 40k line items!
I get you're talking about offering lower prices through not having to stock items, but then you're simply competing on price. Firstly, that only ends up with margins getting sliced, and ultimately the little shops will go before the big ones do. Secondly, the price could be made much better for customers if there wasn't a strata of shops to go through first.
Just for some additional disclosure, I work for an online bike shop that specialises in a fairly niche discipline. Our USP isn't that we have everything, operating within that same "order when we need it" framework, but that we curate a range of products that we think are good, and are the best choices for our customers. It means we don't necessarily get the broadest range of customers because we're not appearing high on Google's Shopping results because we're happy to chip an extra 20p off the price of something to be cheapest, but we get repeat customers because people know that we stock products we believe in, we only ever say something is 'In stock' if it's physically in our shop, and consequently when they select 'Next day delivery' that - assuming they're not past the cut-off date - they'll actually get next day delivery, rather than some day in future once the supplier order has been placed, then received, then shipped on again.
I can see a place for both types of shop, but some better expectation setting for customers is probably going to be in order, rather than wasting people's time by claiming an item is 'In stock'.
I'd like to see Propain and Vitus become more popular.
This happened a month+ ago. Still silence from pinkbike. We lost a real rider y’all. A real racer. A real person.
Him and many many other people. Plus 9 other folks facing vaccine adverse reactions that testified along with Kyle.
Bless. Time to start investigating who has the largest criminal fine paid in court—Pfizer for bribing doctors, manipulating test data and withholding data on known side effects of their once FDA approved products.
I love you
Hang in there dude.
I don't want to see the same thing happening for cycling, which is why I strictly don't buy from any of the associated bike companies such as bikester and Bruegelmann.
Time for their own factory possibly, won’t happen overnight though no.
www.handelsblatt.com/finanzen/immobilien/immobilien-benkos-geldregen-signa-holding-meldet-ueberraschend-hohen-gewinn/27036708.html
Also read what @skerm or @jzPV have posted
Sadly Propain will not be affected by this merge, so you still need to order by their current sales chanel...
Mandating a vaccine is the same as mandating non consensual sex upon a person? Are you mentally disturbed?
No one is being forced to get a vaccine. If your employer mandates vaccines to work there you still have a choice. You can find another job. If restaurants require vaccines to eat there you have a choice to go somewhere else or eat your food at home. If and airline requires it you have a choice to just not fly or find another method of travel.
You always have a choice, but with those choices comes consequences. For example you may not like that your employer requires a vaccine, and it may a very difficult choice to quit your job but that's still a choice. The people you work with or the people who work at the restaurant or the people who work for the airline all have the right to do their jobs too, and feel safe doing it.
My beliefs on how private parties should do business with one another is a LOT less set in stone. Here in the U.S. our government is supposed to be subservient to us, We The People. Whenever possible, the government should be left out of the picture when private parties are dealing with one another. We could go down that road on how much a private business is allowed to discriminate, but I’d rather not. That sort of stuff usually works itself out over time as people vote with their money
Historically, politicians are power-hungry, unscrupulous liars, yet somehow they have your blind trust?
Do Canadians go through compliance indoctrination at a young age?
That kind of "choice" follows the basic rules of how the mafia sets up protection rackets, it is extortion.
The truth is the vaccine while not perfect does do it’s job, and the risks of covid dwarf the risks of the vaccine. If the vaccine comes with ‘giant’ risks because of some very very rare side effects, how do you describe 800K people in the US dead?
800k people died with* covid, not necessarily from covid. That number is further inflated by the incredibly large amount of false positives provided by the faulty tests our government wasted tax money on.
If you want to pivot the convo into vaccine efficacy I’ll oblige you. In my rudimentary research on the matter I’ve concluded that the vaccine, all things considered, and depending on your situation, is neither very effective or detrimental. I think there are a lot of people out there administering the shots the wrong way(accidental mainlining). I think the adverse reactions number is artificially low due to the protocol of a patient not being considered vaccinated until 2 weeks have past post inoculation. A seemingly high amount of bad reactions have happened within a few days post jab which in turn don’t count towards reaction numbers since not enough time had lapsed. Just my hot take, none of what I’ve just regurgitated would I be willing to die on a hill for, just how I’ve inferred the vast swath of information out there!
Just like a person having the right to choose what penis penetrates their body, a person also deserves the right to choose what needle penetrates their body.
I agree with the people saying you have a choice and to a point I agree. You do have a choice, until you don’t. The vaccine targets should be achieve through education and persuasion, not legislation. If people are going to be excluded from certain things by choosing to not have the vaccine then so be it - that’s up to them. I’ve been jabbed because I wanted the vaccine in me (consensual sex). I didn’t get jabbed because I was forced to have the needle in me (rape). Down with vaccine mandates. Up with people being convinced to be vaccinated through good reason.
As for Nukeproof bikes being more widely available, I was more referring to the fact that they can’t physically manufacture enough of them. There wasn’t even a waiting list for my local dealer to get on last time I inquired. It was just “sold out”. It’s OK because I ended up buying an Enduro which is arguably a better bike anyway, but I would love another Mega.
Isn’t this place moderated @pinkbike ?
If you fly down a multi-use trail then you put hikers at risk. If you pass someone on a single track, you put them at risk.
How is it that you or others get to determine it is fair for someone to take a small risk on very serious side effects?
As safe as possible? Buddy, the only way out of this life is dying- how safe is that?
If the vaccine does it's job then take it and don't worry about whether or not someone else has.
To your second point, the numbers are not inflated. Thinking they are is just conspiracy nonsense. Even if people had some other condition that contributed, the point is they would not have died at this point in their life if they had not contracted covid. Many of the most common comorbidities for covid deaths like diabetics, obesity, cancer, etc are all survivable and manageable. Even if I took it to an extreme abs said only 1/2 these people died of covid that’s still 400k people dead of the disease (not to mention those who survived with permanent damage) vs how many that died from the vaccine? I don’t know of any credible reports that anyone has died from getting the vaccine.
To your third point about the vaccines not being effective, there is just no evidence to support that conclusion. I’m not sure how else to put it. Like I said earlier the covid vaccine is not perfect, but it does greatly reduce chances of severe cases and death. All the numbers bear this out. The vast majority of people in the hospital or dying these days are not vaccinated.
I’m not for the government forcing anyone to get a vaccine. And the reason I don’t see much point in discussing it is because it hasn’t been proposed and I don’t think there is much chance it ever will be here in the US. But like you I have no problem with employers, private business, etc requiring it.
My original post was about people wanting a choice. I think people should have the choice, but there is a big difference between wanting choice and wanting choice with no consequence.
Yes, the numbers are inflated. Everyone knows this, except you and some sky-is-falling grannies.
Yes, there is ample evidence the vaccine isn't effective. Put simply, the very fact that vaccination neither ensures protection from infection nor protects others from you infecting them is proof. The fact J&J's vaccine has recently received a red-flag warning says it isn't. Astrazenica's effectiveness declined by almost 40% after a mere 3 months, you mumbling muffin-brained dipshit. The fact Pfizer is now calling for a 4th shot says the previous 3 couldn't have been that effective. Seriously, are you trolling or trying to give retards a bad name?
Damn near everything you wrote is categorically wrong. How the fcuk do you even navigate an expiry date when you can't get these simple things right?
God damn, you're too stupid to even know you're stupid and will probably go on pushing government and big pharma agendas till the the day you drop dead, cause after all, the government and big pharma wouldn't lie to you, right? F'n dumbass.
You need multiple shots because immunity wanes! Wow. Not unique to this vaccine. You can still infect others because it isn't 100% effective. It is in the 90% range for preventing death. Best odds you got, dumbass.
Put it this way, if there was a 90% chance you could actually get gainful employment, and move out of your mom's f*cking basement, she would take that in a second. Pretty good odds. Besides, she and Phil deserve to be able to make tender love without you storming around, ranting about how you're out of Totino's pizza rolls. Now shut the f*ck up and shave off your neck beard, you shit-spewing moron.
wonder.cdc.gov/controller/datarequest/D8;jsessionid=1022BAF04214B2EDF4187D968378
Looks like of the 700k-ish adverse reactions in the US, there have been 10k reported deaths. Not sure if those are all confirmed numbers, but yeah there is a small risk of death contrary to the tally of zero that you purported.
Not trying to get people that are pro vax in a gotcha moment and I’m not necessarily anti vax myself, never really cared t dive into the reports. Ive had the bug and believe in my natural immunity. My main concern has and will always be the attempt of a mandate for something that most definitely caries risk.
Even before covid, thousands of people in the US die every day, for all types of reason. Many of those deaths sudden and unexpected. So considering there are millions of people that have received that vaccine, of course there will be many reports of ‘people dying after receiving the vaccine’. But that doesn’t mean there is a causal relationship between the vaccine and those deaths, because as we know many people simply die each anyway. The only reports of confirmed deaths I could find were a handful of people who died of blot clots after the J&J vaccine.
Like I said i don’t think I’d support a government mandate that required everyone to get one, but I have no problem if businesses, employers, etc require them.
The nobel prize winning virologist Luc Montagnier explained how the vaccine isn't going to work the way you want. But "official" online debunkers apparently know he suddenly has no sense on the matter of viruses....
Oh "immunity wanes," oh that's a fun way of saying the vaccine doesn't work. How many shots are willing to roll up your sleeve for? Three? Four? More?
By what measure are you claiming it works as an effective vaccine?
You want to trust politicians and pharmaceutical companies to do the right thing? Really? Good luck with that, buddy boy.
Neckbeard? Mom's basement? Even your insults are just your way of saying you have no original thoughts.
I don't know about now, but in past decades, central and eastern europeans were given flu vaccinations for the dominant strains in western europe. Unsurprisingly, a number of people then got infected with the local dominant flu variant and died. That's just one example of how profit trumped medicine and logic.
Who was held accountable? No one. Who's accountable for the current covid-19 side effects? The victims. Consequences for the little guy, none for those with power. And people like sino428 celebrate this, wtf?
Your examples are anecdotal evidence without a broader context. People talking about myocarditis from the vaccine (at a rate of 0.005%) without mentioning the rate of myocarditis from NaTuRaL infection (0.14%) are not looking at things logically. You're just fear-mongering.
www.cdc.gov/mmwr/volumes/70/wr/mm7035e5.htm
www.bmj.com/content/375/bmj-2021-068665
Luc Montagnier can have his theories about the vaccine inducing variants, but I'm going to need a little more evidence than expert opinion from the guy who pushes homeopathy, and started his own journal so he can publish without peer-review. Rubes like you will believe any grifter who says what you want to hear.
Immunity waning means exactly that. The vaccine induces good immunity for a period of time. Then it doesn't. Get a booster. That's how immunity works, sometimes.
The vaccine works based on evidence that it reduces rates of death and hospitalization. It also decreases the risk of infecting other people. This has been demonstrated again, and again.
I don't "trust" anyone. I look at the evidence. I don't hunt for quacks that will spew whatever nonsense I want to hear.
800k people died in the US, WITHOUT TREATMENT. All public information.
you must live with your head in the sand.
Think of it like this
Reviewer on pinkbike buy this f*cking bike it’s awesome in our opinion review = many people people believing every single word of it
Scientific community saying this vaccine may not always work but it might and it could save your life = no one believing a f*cking word of it unless sue from number 42 who is a facebook educated virologist says so
Way I see it you makes a choice
If you want to have an intelligent discussion don't start off by saying no has died from the vaccine. Then when given proof try and explain it away. We get it, you're brainwashed. Lick those boots and go ride.
You can't master epidemiology with Google and YouTube, especially not with all the garbage out there during this pandemic. You just get mislead and end up repeating whatever nonsense appeals to your previous biases. Hence why you're so quick to accept and repeat that 19000 people died from vaccines, and 13000 from vaccine-induced myocarditis. Even though there is no credible source that I can find which backs that up.
As to treatment protocols, I am not up to date, since I don't treat COVID patients. Also seems unrelated to your little rants and nonsense that you like to spread online.
Just STFU and stop spreading COVID nonsense online.
Dr.s are not allowed to recommend vaccines under the Nuremberg convention. Yet here we are with another ideological idiot dr breaking all oaths and past treatment protocols to push this vaccine as your savior narrative.
Tolerance and apathy are the virtues of a dying society- you've been warned
You may be able to manipulate your mind, but not mine.
You should get a nobel prize for being such a genius.
The Nuremburg convention prevents doctors from recommending vaccines?!?!?!?!? Are you serious right now?
What exactly are you warning me of? Sounds like you will be ranting about evil vaccines right up until they intubate your dumb ass. Please be sure to share your thoughts on physicians with the staff treating you.
Pretty sure I can't manipulate your mind. That would be like riding a bike with no handlebars or drivetrain.
Based on your propaganda I should have died a long time ago. I dont even wash my hands after I poop.
Huh, we born not knowing, are we born knowing all?
We growing wiser, are we just growing tall?
Can you read thoughts, can you read palms?
Huh, can you predict the future, can you see storms, coming?
The earth was flat if you went too far you would fall off
Now the earth is round if the shape change again
Everybody woulda start laugh
The average man can't prove of most of the things
That he chooses to speak of
And still won't research
And find out the root of the truth that you seek of
Scholars teach in Universities
And claim that they're smart and cunning
Tell them find a cure when we sneeze
And that's when their nose start running
And the rich get stitched up, when we get cut
Let me guess, its not an experiment because it has emergency approval.
Here it is in a less confusing format for you:
If someone is going to claim a Nobel prize winning virologist has no clue what he's talking about with regards to a virus, then that person better have equal or better qualifications or achievements. Were you awarded a Nobel prize in virology? My suspicion is you're not at that expert's level and it bothers you, deeply.
However, if that same person claims said expert is only taking the stance he is because he's looking to make a buck then one would expect that same person to use the kind of scepticism (critical thinking) towards the industry which is generating billions upon billions on vaccines all around the globe. If that person can't or won't do that then there's no conversation.
You read what I wrote about prior flu vaccines in Europe. If you want to believe I just made that up then that's your problem.
You can now go back to imagining yourself a wolf, running across the tundra, or whatever the hell is going on in your mind.
Going to post that link about the 19000 vaccine deaths already?
Montagnier has pushed discredited homeopathy in his "expert opinion," so his track record is pretty mixed. He also started a journal so he could publish without real peer review, also a pretty shady move.
I'm not arguing I'm a wolf, I'm arguing I'm able to read and digest scientific information.
You still don't realize how comedically unhinged it sounds to say "I know a guy who works in an ICU, and he told me big pharma screwed over Eastern Europe with flu shots!" That's like saying you know the guy at the local discount tire warehouse, and he told you that Maxxis was purposefully making their tires wear out faster. Only a dumbass would believe he had that kind of insider knowledge. Congratulations, dumbass.
You're not asking for skepticism, you're spouting bullshit with no evidence to back it up. So, again, STFU and slink away. You've got to get up early tomorrow, and pretend to go to job interviews so mom doesn't kick you out of the house.
f*cking moron neckbeards on the internet. You haven't cracked the code by listening to Alex Jones. You're dumber than you were before, just more confidant.
At this point, all you're doing is repeating yourself. You cower from addressing your own logical inconsistency. Even your attempts to insult are just thoughtless repetition, you couldn't be more boring.
The restriction came because Shimano Europe and Shimano North America have different pricing structures for retail packaged product, which American retailers cried foul over. Basically America is subsidizing the rest of the world with inflated pricing, and the only way Shimano tried to stop it was going after large retailers like CRC/Wiggle instead of actually fixing the broken American distribution/pricing system. The fact a consumer can walk into a local bike shop in Holland and pay less for Shimano than what a local bike shop in America pays at their cost is complete bullshit, and Shimano has still not fixed this issue and pricing discrepancy.
[repost...original got messed up]
Maybe some stylish visors.
All white kit?
AXS Wireless rackets from sram.
Paging adidas hq…
Probably curated by Fabio Wibmer. I genuinely wonder if he'll eventually give himself am RG style monogram. He's certainly got the dress sense to try it out.
I'd like to hear (obviously subjective) thoughts about the consequences on : the consumer (us), the bike industry, and the world's economy (as in "this is/isn't one more sign of the global unsustainable capitalistic growth")
A German company looks to have acquired CRCWiggle and back-door listed itself on the stock exchange (by acquiring an already listed shell company rather than listing shares in itself via an IPO which is far more costly and time consuming).
They have ambitions to expand into the US where they currently have little presence.
What does it mean for consumers? Probably not much if you were an existing CRC customer. If you're in the US it might be more competition and product availability through a new market entrant.
Then again, it'd be far easier for the to try and buy someone like Jenson, then do all the work themselves.
From an investors point of view I think it would represent a pretty poor investment.
They're buying in at the absolute peak of the market, when share markets have been booming and product in such demand businesses are running out of things to sell.
So they'd be paying top dollar for acquisitions and doubt they'll really be able to generate the returns longer term to justify the prices paid.
Roll-up growth by acquisition strategies rarely pay off meaningfully for investors, but are certainly a boon for the lawyers and bankers advising them.
The existing Signa shareholders rolled 100% of their ownership stake and did not cash out at all. So this is a massive investment in the business and its growth as opposed to a cash out for existing investors. Look at the investor presentation here:
www.sec.gov/Archives/edgar/data/1815302/000119312521188239/d189486dex992.htm
www.nzz.ch/wirtschaft/benko-und-tojner-mit-visier-der-justiz-ld.1657131
www.handelsblatt.com/finanzen/immobilien/immobilien-benkos-geldregen-signa-holding-meldet-ueberraschend-hohen-gewinn/27036708.html
www.handelsblatt.com/unternehmen/handel-konsumgueter/online-sportartikelhaendler-groesster-deutscher-spac-deal-benko-firma-signa-sports-startet-an-der-new-yorker-boerse/27891126.html?ticket=ST-2477340-LS41f3H7X7Khodhewf3o-cas01.example.org
Be safe be well,
Incognito Robin
Source is constantly moving forward and producing media content and a physical park for people to ride. Among other things.
I'd absolutely love CRC/Wiggle to have more presence here. I didn't mind the import/ship fee when I bought a Vitus from them. But overall shipping and turn around time would be great if they did a distribution warehouse either in the middle of the country or close to the west where a lot of MTB brands are (think colorado/utah/arizona/idaho etc).
I’ve bought twice from Canada Bicycle Parts, their prices are marginally better than LBS’s but (pre pandemic) they’ve usually had items in stock vs LBS having to order. I don’t like their $300 threshold for free shipping which is why I’ve only bought from them twice.
bikecomponents.ca is more recent online retailer, they don’t show up on Google searches often. I have yet to try them mainly cause of pandemic shortages, but it seems like a decent site.
Treads are even worse than CRC/Wiggle, Leisure Lakes have been brilliant as have Merlin, just wish they were local.
Love U.K. stuff and my bikes (Starling Murmur, Pace RC295 &
Pace RC627) are mostly adorned with Hope, Hunt Wheels and Bergtech so feel like I am doing my bit ‘locally’
No comprendo [jargon]
Scary corporate statement that translates to death to the small players and healthy competition.
My only complaint is they do seem to run out of stock quickly. However I attribute that mainly to the supply chain issues and the fact that they are usually really affordable. Deals don't last long!
Im not alone all my riding buddies are in the same boat. III be spending my hard earned cash elsewhere.
They’re next I guarantee it
2021- I have zero chance of getting a mega or giga until god knows when.
Get your shit together crc!
Also, @TEAM-ROBOT said nothing about Signa cashing out...they made a joke about corporate consolidation. What are you even replying to?
Also, Amazon won market share by slashing prices to kill competition, then raised prices while dropping quality...
I have no problem with well capitalized bike e-commerce business, I was just noting the consolidation is happening. Yes, sometimes it means better economies of scale (eg: Gazelle ebikes from Pon are a better value than smaller brands) but also means reduced consumer choices (eg: Pon killed off Khalkoff USA and Focus USA to ...focus lol... on Gazelle, Santa Cruz and Cervelo. Just pointing out that consolidation is happening and has some serious pros...and cons.
www.handelsblatt.com/finanzen/immobilien/immobilien-benkos-geldregen-signa-holding-meldet-ueberraschend-hohen-gewinn/27036708.html
It sucks! Based on greed.
What about five ten and muc off?
SRAM uk.
Maxxis uk
Everything uk .
Bye bye Europe …