The Pro’s Closet closing in Louisville after raising $90M from investors

    by donrhummy

    4 Comments

    1. Every time I looked at the Pros Closet they were selling used bikes for more than the sale/clearance price of a new bike at an LBS or REI. Never sure who was buying from them, I guess nobody. Or at least, the business model only worked during the pandemic craziness.

      EDIT: I’ll be more generous, they probably had a smaller but more sustainable business model when they were actually reselling sponsored athlete’s bikes earlier in the company’s history

    2. Louisville Colorado. Not KY. They used to be right next to Pearl Izumi HQ until they moved.

      It was kind of nice to be able to go in but it’s basically what Performance Bike was and not a startup that needed such crazy funding. It’s like they didn’t expect the post covid adjustment.

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