David De Keyser
All articles by David De Keyser
Service is crucial to bike shop operations, and it sparks intense discussions about its actual value, the correct operating approach, and its overall importance to a bike shop's health.
Inventory is a crucial asset, but it can also be an albatross.
When I read Rick Vosper’s October opinion/analysis piece, headlined "Nearly half of U.S. bike shops don't carry any Big Four brands," my obvious reaction was: “but more than half do.”
Retailers who are on shaky ground will have a very hard time weathering the storm.
I see a few clear growth opportunities for growth for IBDs, that I’ll mention. But instead of chasing the Next Big Thing, many retailers would benefit by getting a handle on their business and building or preserving your store’s ability to react to trends quickly and painlessly.
Now that you are living the dream of owning a bike shop, have you stepped back to evaluate whether it got you where you wanted to be?
This week David responds to a retailer's question about payroll and occupancy costs.
As a retailer you may be feeling like you are fighting a never-ending uphill battle. I still feel that you can make great profits, however grim all the battles appear to be.
After business profitability, owning your store location, or at least having a transferable lease, makes it easier when it comes time to sell.
There are many ways to open and run a bike shop, but the list of options to exit the business is finite. First in a series of columns by David DeKeyser.