I imagine there’s more than a few champagne glasses clinking at competitors up and down the country and we will see price increases for parts.
What’s the verdict. Was there a viable business of stack’em high sell’em cheap. Is the liquidation a result of a badly run business, negative cash flow due to external economic factors, shady financial practices or a combination?
Were Vitus & Nukeproof always on probikeshop? Full lineup and apparently in-stock from the dip sample of bikes I’ve just done
Probikeshop is part of the Signa group (who also owned Wiggle/CRC) so more than likely always had access to Nukeproof etc… or it could be the last of Nukeproof orders coming from the factory and being sent to Probikeshop rather than Wiggle/CRC as they are still in Administration and not liquidation like Wiggle/CRC
Probikeshop was indeed part of the Signa group. Should be coming back soon as they where saved by a capital input from some of their initial investors from long ago.
Will be on a lot smaller scale then before as only like 1 out of 5 or even less employees will be remaining.
I was never a big spender at CRC, but they were always my go to place to buy stuff throughout my biking life, and never had an issue with them. So I do feel for the people there and how this affects them.
while there’s not much I can do about it, I did send them a thank you message and wished them all the best for the future, through their contacts page. I hope it made someone smile…
There really is nothing left on their website. Unless they have more stock in transit I can imagine the administrators completely pulling the plug within a few days.
Very sad about this. I spent a fortune there over the years. Bought many bikes from them. More forks and shocks than I’d care to add aup. Very much a part of my mountain biking life. They sold stuff I actually wanted to buy whereas when I’d walk into my LBS I’d have the choice of Altura commuting clothing and nothing else. Over the years the LBS got better and I spent more with them but for the majority of my cycling experience CRC were my default vendor. Really sad for everyone that’s lost their livelihood over this.
There really is nothing left on their website. Unless they have more stock in transit I can imagine the administrators completely pulling the plug within a few days.
There was loads still in stock (1000+ Brand -X droppers for example) but I reckon they’ve sold (or are selling) what’s left via the liquidators. Presumably the sales of £30 droppers reaches a point where it cheaper to sell them for pennies on the pound in bulk than keep the lights on.
I was kicking myself as I was waiting to see if some nice TT bars for my track bike dropped any further (they were already £450 -> £81) 😂 and a spare dropper for each bike would have been nice at those prices.
I placed my last orders on the 12th – I checked last night and tracking had been added to say it should arrive by Tue 19th (today) — obviously the site is down now so I have no way of tracking but I assume it’ll turn up at some point….. I’m in no rush as it’s all stupidly cheap spare parts and some clothing for the future that I ordered.
I have one order that was updated as shipped on Friday night but Evri shows still waiting for the parcel, it was only a couple of jerseys and not too expensive, I would expect that Evri are working on a cash up front basis with Wiggle/CRC by now, so probably just stuck in a backlog.
It will be interesting to see what is next for the brands.
An order I placed on the 11th turned up today. £325 of DHB gear. RRP would have been nearly £1k.
Two more orders are still in the pipeline. I’m sure they’ll turn up eventually. Thankfully these are for much lesser amounts!
Interesting to see that the holding page says they’ll be back soon. I wonder how it’ll compare. I hope DHB & Prime gear etc will still be made but I’m not holding out too much hope.
I was kicking myself as I was waiting to see if some nice TT bars for my track bike dropped any further (they were already £450 -> £81) 😂 and a spare dropper for each bike would have been nice at those prices.
I held out as long as I dared for some Prime wheels, got them for £300 (instead of £900). Two days after I’d placed my order, the whole lot were taken offline.
Still got one order outstanding, a dhb wetsuit (for open water swimming) which was £26 instead of £180! No info yet on when (if…) it’ll arrive.
Which vultures? I thought Wiggle failed because of a flawed business model propped up by a shady property guy?
All the medium-big players are obvs feeling the squeeze by their stock dumping, but many seem to have ownership/funding in place to weather the next critical 12 months?
Well, my parcel was almost delivered by Evri today but the courier got in an argument at reception when he was told to go to Goods In, refused and eventually drove off and marked it in the tracking as I requested it be returned to sender! Tried to log a re-delivery with Evri (bot) so hopefully it turns up. Probably be crushed and covered in dog sh1t. Hate Evri, dunno if same individual but 9/10 times it gets to ~5:30 and you get a “failed delivery, business was closed” despite it being a 24×7 business and I check the CCTV each time to confirm there was no delivery attempt ffs