Immediate Challenges for Bicycle Retailers

Predicting the Top 10 Immediate Challenges for Bicycle Retailers

“It is an understatement that we are in uncharted waters. Some retailers will look for ways to exploit opportunities and others will act with more caution. Now, more than ever is the time to stay engaged in your business.”

pricing strategy
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Margins And Pricing: How To Run A Profitable Bike Shop in 2020 and Beyond

“An underperforming item isn’t a good buy if it ends up languishing on your shelves and eventually is discounted to a lower realized margin.”

Hidden Hurdles To Avoid
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Hidden Hurdles to Avoid: How To Run a Profitable Bike Shop

“You should always work towards the goal of becoming more profitable sometimes at the expense of understanding that your preconceived notions are wrong.”

Adjusting in the Midst of Chaos
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Evaluating and Choosing a Location: How to Run a Profitable Bike Shop

Ever wonder how to run a profitable bike shop? Learning how to run a profitable bike shop takes effort, but is well worth it and it starts with evaluating and choosing a location. Most bicycle retail stores' second most significant expense…
How to Run a Profitable Bike Shop: Part 2
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How to Run a Profitable Bike Shop: Part 2

How to Run a Profitable Bike Shop: Part 2 This week, Dave DeKeyser, a Business Consultant for the NBDA, returns to interview Todd Cravens, Vice President of Business Development at Quality Bicycle Products. Dave and Todd talk…
choosing vendors and products
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Vendor and Product Selection: How To Run A Profitable Bike Shop

“Why do you sell specific products/brands that are on your showroom floor? Were they simply the brands that were available, brands you chose because you endorsed them personally, or brands that offered a competitive product that returned sustainable margins for your business?”

P2 Consult Inventory
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Inventory – Part 2: How To Run A Profitable Bike Shop

“As you develop better controls on your inventory, you can more confidently increase ordered quantities, always staying within your “budget” of inventory dollars, of course.”


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Inventory part 1
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Inventory – Part 1: How To Run A Profitable Bike Shop

“So how do you unravel the seemingly deep dark mysteries of how much inventory is correct? It is really simple actually. You want to have an amount that allows you to turn that inventory multiple times.”