What’s Happening To The Bike Biz?

 Four years ago, North America, Europe and other parts of the world were experiencing the biggest “Bike Boom” in decades.  It was a result of the COVID-19 pandemic, which engendered lockdowns and shutdowns. In the wake of social distancing and the closure of gyms, other recreational facilities and transit systems, bicycling became one of the few available options for transportation, exercise and simply getting out of one’s home.

Among the facilities that shut down were ones that produced bicycles and related equipment. Most of those factories are in Asian countries that were subjected to some of the strictest lockdowns and closures.

The inevitable result of surging demand and dwindling—or no—supply meant that people waited weeks or months not only for bikes and helmets, but for replacement parts, let alone accessories. Some shops—most notably Harris Cyclery (Sheldon Brown’s home base) closed.

Those closures were unfortunate, but remaining shops, online retailers and bicycle manufacturers themselves (who, remember, were dealing with supply chain disruptions) figured that all would be well once factories resumed production and transportation was back on track.  

It seems that the supply situation started to get back to “normal” around late 2021 or early 2022. Retailers bought up what they couldn’t get for the previous two years.By then, however, people who couldn’t get a bike gave up. And, those of us who are dedicated cyclists know at least one cyclist who simply has to have the newest and latest of everything, most people don’t trade in their bikes every few years the way other people do with their cars.

Now we are seeing a “bust.” Retailers are sitting on inventory they bought two years ago.  And they aren’t buying what manufacturers are making, and suppliers are providing, to “catch up” with previously-unmet demand.

The result is that businesses throughout the bike industry—from local shops to manufacturers and the mega-online retailers—are going bust. One notable recent casualty is Chain Reaction/Wiggle. Planet Cyclery is on its way to following them.Other “big wheels” are rumored to be in trouble. I won’t name them, simply because I don’t want to run the risk of setting off a panic over a business that might actually be doing OK.

One problem with the “fire sales” at retailers like Planet Cyclery—at least from the consumer’s point of view—is that the big discounts are on prices that were inflate by the pandemic because retailers and suppliers, when they finally could get inventory, were paying , in some cases, double or triple pre-pandemic prices.

So what will be the new “normal?” If I could predict such things…

The Best Of?

 As I wrote this, at 3:33 p.m. (15:33), bright sunshine fills the skies and streets around the Botanical Garden, where the temperature has risen to 75F (24C).

It’s hard to believe that when I rode early this morning, I saw this:

and this:

and the temperature was 52F (11C).

Still, I enjoyed my ride on Tosca, my Mercian fixed gear, down the Hudson River Greenway into lower Manhattan. I wore shorts and a flannel hoodie over a stretchy black short-sleeved top: enough to keep me warm yet still feel the bracing mist. 

You might say I had the best of both worlds. I would agree. Still, I’ll try to get in another, if shorter, ride after work. If I do, would that mean that I’ve ridden from the best of both worlds to the best of all worlds—or, at least all that are available at this time of year?

Hopefully, I Won't Have To Cry "May Day!"

Today, the first of May, is "May Day."

I didn't know, exactly, what this holiday commemorated--or even why it was on this date--until relatively recently.

According to several accounts I read, this date marked, on pagan calendars, the beginning of summer.  On or around this date in the Northern Hemisphere, the Earth is halfway between the Spring Equinox and Summer Solstice.  So why this would be considered the first day of summer--especially in the climates of some pagan lands--I don't know.

This date is also significant in the labor movement--again, for reasons I learned only recently.  In some countries, particularly in Europe, it's celebrated in much the same way as Labor Day (the first Monday in September) here in the US. Ironically, the origins of the European holiday--which is called International Workers' Day or some translation thereof--started as a commemoration of the Haymarket Massacre in Chicago.

From National Bike to Work Day

Another thing I learned only recently is the answer to this question:  How did "May Day" become a call of distress?  I thought it had its origins in how oppressed some workers were (and are); they would call "May Day" in much the same way others might cry "uncle" or call for their mothers.  That may be the case, but it seems that it originated with Frederick Mockford, a senior radio officer at London's Croydon Airport.  At that time--in the 1920's--air traffic over the English Channel was increasing, but still treacherous.  Apparently, Mockford took the French pilots' distress call, "M'aider!"--which means "Help me!" and sounds like "May Day" to Anglophone ears--and popularized it.

Today sunshine refracted through clouds is glinting off pavement and trees as it does after a night of rain.  The air is brisk, but not cold.  I am going for a ride--and I hope I won't have to call "Mayday!"