Regarding Sears bicycle business, mainly U.S. suppliers are affected by this bankruptcy. For example, Kent International Inc. is assembling bicycles for Sears. Since the opening of a completely new bicycle factory in South Carolina about four years ago Kent offers close to market production for its private label and OE-business. How Sears financial troubles would disturb Kents future plans is still unclear.
[intermezzo:1}North American mass market retailers in trouble
The ToysRUs bankruptcy already resulted in dramatic results for suppliers of mass market retailers like Dorel Sports which via its subsidiary Pacific Cycle with brands like Instep, Ironhorse, Mongoose and Schwinn had to take a big part of the loss.
According to U.S. law, C…
Read the full article at: https://www.bike-eu.com/home/nieuws/2018/10/bike-suppliers-concerned-about-sears-insolvency-10134715