"As we look toward the future, our focus is on staying lean, scrappy, and sustainable without compromising the premium experience that we're known for," said Jonathan Czaja, CEO of The Pro's Closet. "Our Dealer TradeUp program will connect more riders with local shops, and our new consignment option will ensure that cyclists get top value for their bikes."
TPC will also be offering a 'Dealer TradeUp Program and Dealer Portal'. This will help give local bike shops an easy way to help customers trade in their bikes, to get something new.
On their LinkedIn page, TPC 2.0 is celebrating their first bike sale with their new consignment model, designed to 'maximize payouts to sellers', with the seller keeping 70% of the selling price.
"We're committed to right-sizing our cost structure and unwinding many of the excessive expenditures we made during the Covid bike boom," TPC stated in their relaunch announcement.
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