Ann Arbor Weather:
Monday March 25, 2019
Follow us: facebook twitter RSS feed

A Tariff Casualty in Pittsfield

Trump's trade war helped kill Performance Bike.

by Sabine Bickford

From the February, 2019 issue

Neon-colored banners in the Village Centre parking lot off Waters Rd. announce a closing sale at Performance Bicycle. Manager Luke Stevens says parent company American Sports Enterprises filed for Chapter 11 bankruptcy in November. "It was hard for us, because we didn't do anything wrong," he says--the Ann Arbor outlet was profitable.

Performance Bicycle was acquired by Advanced Sports International (a subset of ASE), its largest creditor, in 2016. ASI hoped to turn the chain around, but its flagship brand, Fuji, makes 90 percent of its bikes in China--and Chinese bikes are among the targets of President Trump's tariff war.

In December, a bankruptcy judge approved closing all 102 Performance locations. Stevens says they'll be increasing discounts until all of the inventory has been sold.     (end of article)

 



 
Bookmark and Share
Print Comment E-mail

You might also like:

Hear Us! And The Challenge Of Being Heard, by Mary Eldridge
Two December Cafe Closings
Electric Eye & Oasis
Sabine Bickford
Bars and Brew Pubs
Boards and Commissions
Crime Map
A clickable, zoomable map
Body, Mind, & Spirit
Regional Recycling
Communities team up to replace the MRF.
James Leonard
Photo:
Best in Show
Peggy Beisel-McIlwaine is once again headed for Westminster.
Patrick Dunn
Restaurants with Gluten-free Options Available
A clickable zoomable map
Arbor Hospice
Ann Arborís Premier Haberdashery, Custom Suiting, Formal Attire.
A visitor's guide to Ann Arbor