Comments on: A New Chapter for Active Ride Shops

By: The Final Chapter for Active Rideshops | Evil Monito

The Final Chapter for Active Rideshops | Evil Monito — Wed, 20 May 2009 20:01:01 +0000

[...] back, I posted about the initial bankruptcy filings, and we received some great comments from people “in the know” about how this could have [...]

By: Kitra

Kitra — Mon, 20 Apr 2009 21:50:16 +0000

I usually don

By: David Mongan

David Mongan — Fri, 03 Apr 2009 21:25:32 +0000

I’m sorry to hear that they duped you guys the way that they did. Taking a huge order in anticipation of filing Chapter 11 is about as low as it gets. I take it your skater is more than just a regular skater, perhaps a Boss? Now, I suppose he has to get in line with everyone else, which is after the bankruptcy lawyers get their piece, right? I hope that they are able to stay afloat in light of this.

By: matt m

matt m — Fri, 03 Apr 2009 15:13:52 +0000

the problem was there wasn’t smart growth, but rather rapid and mis-executed growth at the expense of their vendors, riders and investors. mismanagement was definitely the factor here. not only did my client not get his share but was also left with active taking a huge order right prior to filing…not cool

By: David Mongan

David Mongan — Thu, 02 Apr 2009 05:01:36 +0000

I wasn’t saying that they were overpaid by any means–sorry if it sounded that way. I’m definitely not blaming the skaters; I’m saying that Active was overzealous in trying to acquire so many. I hope that your man got his share. – Dave

By: matt m

matt m — Thu, 02 Apr 2009 04:30:23 +0000

As the manager of one of the athletes mentioned I can tell you they were not overpaid. In fact they were barely paid. Over expansion was not the issue nor a downturn in the sport. It was unsavory business practices that did the company in. Active is notorious in the business

By: Sigh

Sigh — Thu, 02 Apr 2009 01:56:32 +0000

When will people realize that over-expansion is the #1 killer in retail.