Shrinking industry, lack of vision, likely going to be sold soon. - Recensione dipendente - Dipendente anonimo presso Performance Bicycle

CEO is former CFO and lacks forward vision beyond fiscal prudence. The only real push we have to be a stronger company was to train retail associates better and to implement new POS systems in stores. Lower management is held to short-term vision and results, which can hamper positive long-term growth. Merchant group is given sales $ and margin % plans that are unreasonable on a regular basis and middle management doesn't push-back, rather relying on offering excuses to upper management when plans are achieved. People aren't fired over this, but the culture should allow for middle-management to ask for reasonable, achievable plans; for some reason this doesn't exist. Company recently (late 2015) went through 'reorganization' that had each department trimming their payroll by double-digit %, regardless of productivity of those in the department. Great people were lost, and it seems most managers failed to ask what services/reports/knowledge we'd lose by doing so; many in management were astonished to find that some reports were no longer produced, systems experts were now gone, and certain tasks were not handed-off to anyone else. It left many with a poor opinion of management, and many wondered how such a 'reorganization' could be handled so poorly. To no surprise, people were hired-back when departments began to complain of being short-staffed, but those that came back were contract-based or part-time. It is a belief held by myself and others that the owners, Northcastle Investments, are taking action to make Performance look good on paper so they can sell (purchased in 2008, and economy hasn't been kind to cycling market ever since). The company is closing a few stores this year, as they did last year, so it seems the 'fat' is being trimmed and the company is going into a 'no-growth' mode. They don't hold investment positions this long typically, so it's a reasonable belief to hold. Also, building is in need of renovation, but not holding my breath on that. Health insurance is expensive (company self-insures with United Health Care).