The NBDA has released its fourth financial study of specialty bicycle retailers in the United States. The newest edition of the Cost of Doing Business study is based on financial reports of independent bicycle retailers, and a project managed by market research firm Industry Insights of Columbus, Ohio. The reports are in the same format as those produced in the sporting goods and ski industries, so they are comparable. Included is information on profitability and inventory productivity, including gross margins, inventory turns, space and personnel productivity. This is an invaluable tool for bicycle store financial analysis.
Earlier versions are available for a discounted price.
The NBDA produces a multi-day and intensive education conference for bicycle retailers. For information, click here. Retail Data Capture sales tracking The NBDA Retail Data Capture program collects bicycle sales statistics from specialty bicycle retailers nationwide. The NBDA then processes this information into statistical reports that are released to the industry monthly. This is important in making inventory decisions at both the retail and supplier levels.