How did the bike industry get into such deep trouble?

https://www.bicycleretailer.com/industry-news/2024/04/17/wheres-kona-brand-sets-then-breaks-down-sea-otter?fbclid=IwZXh0bgNhZW0BMQABHYZ9Gc2iDDCmGWfRiog8yGPzlajVEGPrB0i88ZxDqvJ6n-KSP91Nuu07Iw_aem_AdOFrPI0PYtg7Y4DGSkWVMNQdtL0YlDs9B8v5MUtY36at0WXE9Q2jKQ1l5ZA2223Rwo

Not looking great for Kona

1 Like

Yeah, they are literally DOA…been circling the drain for almost 2 years now since Kent bought them. Likely overpaid for them as a result of the COVID boom only to see the bubble burst almost immediately.

Brutal…hate to see this.

2 Likes

The bike industry will miss having names like the Kona Sutra and the Hei Hei.

Maybe Ibis will bring back the Hakkalugi.

Anyone know what ever happened with Nate’s experiment with the Chamois Hagar?

1 Like

They sorta did–they’ve had the Hakka MX since 2017.

3 Likes

The Hakka MX is a gorgeous bike. I have a DV9 and a Ripley and I’m going to need to restrain myself from eventually grabbing an MX, too.

1 Like

Was going to get a Hakka a couple years ago, but back then bikes were hard to come by and didn’t have my size. Ended up with a Crux, which don’t get me wrong is a great bike, but admittedly I still ogle the Hakka now and again!

Hakka is not the same as Hakkalugi.

Maybe I’m showing my age here. But hock a loogie has a very specific meaning to teenage boys in the US.

4 Likes

I have one, and am about to get another–with the current 25% off sale, it’s too good to pass up. The old one will be my pit bike for now, and then pass it on to my daughter when she grows another inch, which by this point will be in about 6 months.

1 Like

Oh, it definitely isn’t as funky a name.

Been a long time Kona fan, and even have a great single speed from the mid 90-s Humuhumunukunukuapua’a–now THATs a name

1 Like

And Ibis DID retain the non-PC rear cantilever cable guide that has an even less PC name than “Hock a Loogie”

4 Likes

I’m glad they got rid of some of their more offensive names of the past, but “Loogie” and “Mojo” being removed are kinda funny.

1 Like

Back when I was in grad school (early-2010’s) it seemed like a third of the riders at our weekly cross race were on a Kona Jake the Snake (or Jake or Major Jake)

5 Likes

I commuted on a Jake! Great bike.

1 Like

As a UK :uk: resident i can say that these aren’t making sense to me, but don’t get yourself banned trying to explain!

These days (and maybe in the past too), the two LBS near me have also branched into cafe/pub services. Both are located off a popular MUP, so they do a good trade in coffees, pastries/pre-made sandwiches, and beer. One has its own microbrewery that is popular enough they had to start brewing off-site at a contract facility. And they’ve begun to can as well. Probably make more on beer than bikes today.

And I’m not sure how the other LBS keep up without that extra non-bike revenue.

Years ago when I was in pharmacy school we had a guest lecturer from a small town who had a building that was 1/2 pharmacy and 1/2 hardware store. This gave me an idea of owing a pharmacy and bike shop. One side to pay my bills and the other to pay my soul

I never did go down that route though

2 Likes

Interpol is about to knock on your door

“The Hub At Pisgah”
I’ve heard they make more in beer sales than bikes sales…doesn’t hurt they are at the gateway to Pisgah.

2 Likes

One guy on a ride exclaimed that his bike shifting was dead. He was stuck in a low gear, and was dropped by the pack, and since I was tired from riding the previous day, I hung back to keep him company. After about 45 minutes, he all of a sudden says ‘Oh, I forgot that my bike has SRAM shifting. I’ve been riding a DI2 bike for 2 weeks on a tour!’ (face palm * 3)

I didn’t know to laugh or flat out scream with laughing and fall off my bike. I get it that the shifting is different. I did try a SRAM road bike, and it was ‘odd’. (Like the day I test rode a ‘European’ dirt bike, with everything on the opposite side. Yeah, hard no, even at 16. I’m sure I could have gotten used to it, but how many times would I have ended up on my face/butt :smile: :man_facepalming: :flushed:)

3 Likes

All this is covered well in the podcast. It was a hellacious time to be in business, and sounds like the ripples of the pandemic tsunami are still being felt. And bad management just dumped more fuel on the fires.

I was talking to the owner of a local bike shop in the heat of the pandemic (as I remember it) and he was lamenting the crazy bike business and not being able to get any new bikes, well any ‘high end’ new bikes. I believe it was Specialized that sent out a threatening letter to their dealers requesting they immediately cancel all orders they didn’t have a customer committed to. If they were ordering for stock, they would be ‘punished’ for it. I thought *What? Really? You can’t get your dealers bikes, and they know that dealers selling lots of bikes were likely to actually get bikes, so they over ordered knowing that they would not get them in less than x number of years. (Ironically a local Specialized dealer took on Kona and a couple of other brands just to hopefully get some bikes on the floor. Another one was saying they had their employees bring in their bikes just so they had something on the floor. Some of them actually sold their bikes, for a profit.

Did manufacturers over order, like they were accusing their dealer network of doing? And then they got everything they ordered? (I couldn’t get a simple chain (that wasn’t a counterfeit), or a cassette, what I consider ‘simple commodity items’ that I should have ordered right away as the pandemic started looking like it would close the supply chain)

I felt sorry for the dealers who were stuck trying to find almost anything they could sell.