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#3198013 20-Feb-2024 18:27

geoffwnz:
Oh, I saw them. I was one of them. :-)

Did 58.8km (of a planned 105km).

Oh gutted :( still 58km is a damn good effort, well done

We were cheering encouragement to those runners and walkers we passed. Massive respect to those that did big distances, certainly wouldn’t do it myself!

geoffwnz

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#3198027 20-Feb-2024 20:58

Senecio:

geoffwnz:

Oh, I saw them. I was one of them. :-)

Did 58.8km (of a planned 105km).

Was that at the Millar Road check point before the out and back to Okataina? I wasn't running but my wife and I went down to support those that were running. We spent a bit of time at Blue Lake before moving up Boyes Beach on lake Okareka before finally moving to the finish line for Dan, Ruth and tha other front runners. We stayed around until ~10pm.

Pity your day didn't go as planned.

Made it out to Okataina before pulling the pin. Millar Rd was at 42km on the way out and 75 on the way back.

There was a distinct mismatch between belief and reality. Oops.

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#3198028 20-Feb-2024 20:59

dfnt:
geoffwnz:

Oh, I saw them. I was one of them. :-)

Did 58.8km (of a planned 105km).

Oh gutted :( still 58km is a damn good effort, well done

We were cheering encouragement to those runners and walkers we passed. Massive respect to those that did big distances, certainly wouldn’t do it myself!

It's certainly not for everyone. 58 was still my longest ever run, up from the 52 of last years T50. So I'm not too unhappy.

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#3198653 22-Feb-2024 10:36

In international cycling news:

https://www.cyclingnews.com/news/once-the-warehouse-is-clear-its-game-over-wigglecrc-lays-off-almost-every-staff-member/

"Thanks to an anonymous source, Cyclingnews understands that beleaguered multi-sport retail giant, WiggleCRC (comprising Wiggle and Chain Reaction Cycles) is to lay off its entire workforce.

It appears that this is the final act before sale, with the new owner not wanting to take any staff onward from the business as it currently stands. While a number of staff are currently remaining, the majority of the workforce has been made redundant immediately.

An anonymous source says that "once the warehouse is clear, it’s game over. Wiggle and CR [Chain Reaction Cycles. ed.] will cease. The brands have been bought, but IP only – no staff or stock." It is understood that the remaining staff are being kept on in temporary employment, and will eventually also be let go."

I used to buy quite a bit from Wiggle - they were considerably cheaper and far better stocked than most of their competitors, but the pandemic simply killed them off.

I do wonder what this means for anyone with a Nukeproof or Vitus bike, or any of the other brands they owned, with regards warranty claims...I know a few people online are saying they would buy on the basis that they got a bargain and were getting new with the understanding that they are no more covered than if they'd bought used.

International sales ended in November last year, so it's largely a moot point for NZers anyway.

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#3198704 22-Feb-2024 11:57

Although its just somewhat cycling related after the news about Wiggle posted above I see this on the Herald..

"The Warehouse Group is selling its outdoor brand Torpedo7 for $1 to a consortium including former Breakers basketball team owners Paul and Liz Blackwell. The Blackwells, also former owners of Pak’nSave Albany, are shareholder directors of Tahua Partners.

The Warehouse initially paid $33m over a three year period for a 51 per cent stake in Torpedo 7 before acquiring an additional 29 per cent stake in in March 2014 for $15.2m. All up it invested $52.2m in the sporting goods firm. Other Tahua shareholder directors include Rob Redwood, former Glen Innes Pak’nSave owner.

“Tahua Partners Limited will take ownership of Torpedo7′s assets, including stock, cash in store and the Torpedo7 brand, and will assume its obligations, including in respect of leases and honouring gift cards, online orders, and customer returns,” The Warehouse Group said today.

“The Warehouse Group expects that the sale will result in a non-cash, pre-tax accounting write-down ranging between $55 million – $65 million in the FY24 half year income statement. This is subject to audit and final review,” the company said in an NZX announcement, Warehouse Group chief executive Officer Nick Grayston said he expected the net cash impact of the sale after tax will be close to zero.

“Importantly, the sale of Torpedo7 will allow us to focus on our core brands and improve the Group’s financial performance,” Grayston added. He said Torpedo7 represented only 5 per cent of group sales.

In the year to July 2023 Torpedo7 made an operating loss of $22.2m. It’s margins shrank 13.7 per cent and it was the Warehouse Group’s worst-performing brand. Shares in The Warehouse were down 3c to $1.25 after the announcement."

That absolutely blows my mind, 25 stores nationwide and losing 22.2 million in 12 months?!?

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#3198803 22-Feb-2024 16:21

JPNZ:

Although its just somewhat cycling related after the news about Wiggle posted above I see this on the Herald..

"The Warehouse Group is selling its outdoor brand Torpedo7 for $1 to a consortium including former Breakers basketball team owners Paul and Liz Blackwell. The Blackwells, also former owners of Pak’nSave Albany, are shareholder directors of Tahua Partners.

The Warehouse initially paid $33m over a three year period for a 51 per cent stake in Torpedo 7 before acquiring an additional 29 per cent stake in in March 2014 for $15.2m. All up it invested $52.2m in the sporting goods firm. Other Tahua shareholder directors include Rob Redwood, former Glen Innes Pak’nSave owner.

“Tahua Partners Limited will take ownership of Torpedo7′s assets, including stock, cash in store and the Torpedo7 brand, and will assume its obligations, including in respect of leases and honouring gift cards, online orders, and customer returns,” The Warehouse Group said today.

“The Warehouse Group expects that the sale will result in a non-cash, pre-tax accounting write-down ranging between $55 million – $65 million in the FY24 half year income statement. This is subject to audit and final review,” the company said in an NZX announcement, Warehouse Group chief executive Officer Nick Grayston said he expected the net cash impact of the sale after tax will be close to zero.

“Importantly, the sale of Torpedo7 will allow us to focus on our core brands and improve the Group’s financial performance,” Grayston added. He said Torpedo7 represented only 5 per cent of group sales.

In the year to July 2023 Torpedo7 made an operating loss of $22.2m. It’s margins shrank 13.7 per cent and it was the Warehouse Group’s worst-performing brand. Shares in The Warehouse were down 3c to $1.25 after the announcement."

That absolutely blows my mind, 25 stores nationwide and losing 22.2 million in 12 months?!?

TWG taking a $52+ million dollar bath, Insane

T7 has been a bit of a basket case for a while.

They've added so many SKUs to their inventory that it's hard to work out what they are as a business anymore.
As a bike store, they're sometimes good, often understocked and never able to keep bike mechanics long enough to allow for their long waiting times for services to diminish.
As a watersports store, they aren't very competitive and often don't have the basics instore - so end up relying on web sales and click n collect orders.
As a camping store, they are limited with the stock they have on hand and promote their own-brand (often over-priced) equipment above all others.

They need to work out what they want to be and consolidate. Either that or become the next Wiggle.

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#3198939 23-Feb-2024 08:03

Handsomedan:

T7 has been a bit of a basket case for a while.

They need to work out what they want to be and consolidate. Either that or become the next Wiggle.

Agree! The last straw for me was doing a click and collect and mistakenly then driving to the store, going to the counter and asking to pickup what I had ordered (2 x inner tubes). I was promptly told that click and collect orders can take 2-3 days LOL.

I started a CC refund then and there and walked over to the shelf grabbed my two tubes paid and left. What a pathetically ineffective system.

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roderickh

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#3211167 26-Mar-2024 14:17

Hey guys, I've been wanting to get a bicycle for the odd commute from home (to the supermarket etc) - always thought it was a waste to jump into the car for a 5 minute commute..

Any idea on what I should look out for for bikes? A little bit overwhelmed as I haven't been in the market before.

I've spent many years growing up cycling to school etc so feel relatively comfortable in one, albeit not in the best shape anymore these days - for context, 1.8 height with 100kg weight - any recommendations also for keywords etc for the used market that won't break the bank?

Appreciate the help!

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#3211199 26-Mar-2024 15:02

roderickh:

Hey guys, I've been wanting to get a bicycle for the odd commute from home (to the supermarket etc) - always thought it was a waste to jump into the car for a 5 minute commute..

Any idea on what I should look out for for bikes? A little bit overwhelmed as I haven't been in the market before.

I've spent many years growing up cycling to school etc so feel relatively comfortable in one, albeit not in the best shape anymore these days - for context, 1.8 height with 100kg weight - any recommendations also for keywords etc for the used market that won't break the bank?

Appreciate the help!

I'd propbably look for a commuter bike of some sort.

Budget can determine a lot of things.
You could theoretically pay anything from a few hundred to a few thousand on a commuter.

Evo Cycles have a sale on at the moment: Evo - Commuter Bikes

This kind of thing is a comfortable sort of bike to ride: https://www.evocycles.co.nz/Product/503385/giant-roam-4-disc-sapphire

Or there's these kind of bikes: https://www.evocycles.co.nz/Product/503717/reid-classic-olive

At the other end of the scale is thins kind of thing: https://www.evocycles.co.nz/Product/555302/tern-gsd-s10-20-e-cargo-bike-gloss-beetle-blue

Personally, I'd likely go for a Giant Roam or similar.

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MikeB4

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#3211203 26-Mar-2024 15:06

I still have my E-Bike I refuse to sell it. I look at it in the garage and say one day, one day I will have the joy again.

roderickh

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#3211235 26-Mar-2024 15:54

Handsomedan:

roderickh:

Hey guys, I've been wanting to get a bicycle for the odd commute from home (to the supermarket etc) - always thought it was a waste to jump into the car for a 5 minute commute..

Any idea on what I should look out for for bikes? A little bit overwhelmed as I haven't been in the market before.

I've spent many years growing up cycling to school etc so feel relatively comfortable in one, albeit not in the best shape anymore these days - for context, 1.8 height with 100kg weight - any recommendations also for keywords etc for the used market that won't break the bank?

Appreciate the help!

I'd propbably look for a commuter bike of some sort.

Budget can determine a lot of things.
You could theoretically pay anything from a few hundred to a few thousand on a commuter.

Evo Cycles have a sale on at the moment: Evo - Commuter Bikes

This kind of thing is a comfortable sort of bike to ride: https://www.evocycles.co.nz/Product/503385/giant-roam-4-disc-sapphire

Or there's these kind of bikes: https://www.evocycles.co.nz/Product/503717/reid-classic-olive

At the other end of the scale is thins kind of thing: https://www.evocycles.co.nz/Product/555302/tern-gsd-s10-20-e-cargo-bike-gloss-beetle-blue

Personally, I'd likely go for a Giant Roam or similar.

Thank you, that gives me a bit of a lead - I'll do some read up, at RRP it's probably a bit too much for me currently but wouldn't hurt saving the keywords onto marketplace and TM 👍

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elpenguino

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#3211352 26-Mar-2024 17:54

roderickh:

Thank you, that gives me a bit of a lead - I'll do some read up, at RRP it's probably a bit too much for me currently but wouldn't hurt saving the keywords onto marketplace and TM 👍

Also, based on your height you're probably going to want a medium or large size frame, which should be fairly easy on the second hand market as those are common sizes.

For short rides a slightly too big or small frame won't be a big deal.

In your position I would just get something cheap second hand and see if you like riding again. Can always trade up after that.

Most of the posters in this thread are just like chimpanzees on MDMA, full of feelings of bonhomie, joy, and optimism. Fred99 8/4/21

roderickh

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#3211366 26-Mar-2024 19:16

elpenguino:
roderickh:

Thank you, that gives me a bit of a lead - I'll do some read up, at RRP it's probably a bit too much for me currently but wouldn't hurt saving the keywords onto marketplace and TM 👍

Also, based on your height you're probably going to want a medium or large size frame, which should be fairly easy on the second hand market as those are common sizes.

For short rides a slightly too big or small frame won't be a big deal.

In your position I would just get something cheap second hand and see if you like riding again. Can always trade up after that.

Yeah thats exactly it, test the waters again before dropping the big bucks, guess I'll also have to do some reading on helmets and a bike chain... 😅

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JPNZ

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#3211509 27-Mar-2024 08:19

roderickh:

Yeah thats exactly it, test the waters again before dropping the big bucks, guess I'll also have to do some reading on helmets and a bike chain... 😅

Make sure you get a decent lock, 10% of the bikes value is commonplace. Please don't buy a $30 lock, come out of the supermarket to find your new purchase gone. Bike theft is literally out of control in NZ.

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#3211514 27-Mar-2024 09:15

I did a review recently of the commuter bike I bought, I've done ~16km on it every day for about 2 years, it's up just over the 10,000k mark now.

Keen on any feedback, it's my first Youtube review.

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