Quality Bicycle Products
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Quality Bicycle Products (QBP) is a large distributor of bicycle parts and accessories in the bicycle industry,[2] with revenues of $150 million in 2008.[3][4] In addition to wholesaling bicycles and components from other manufacturers, QBP owns and manufactures several brands of its own. QBP also participates in activities which support its community through cycling advocacy[2] and green building.[2]
| Type | Private |
|---|---|
| Industry | Bicycle parts and accessories distribution |
| Founded | 1981 |
| Headquarters | Bloomington, MN, United States |
Key people | Steve Flagg, founder |
| Revenue | $200 million USD (2014)[1] |
Number of employees | 690 (2015) |
| Website | www.qbp.com |
History edit
Founded by Steve Flagg and Mary Henrickson in 1981, QBP operated from a small office in St. Paul, MN.[5] The company did $100,000 in sales during its first year.[6] In the second year sales reached $250,000[6] and in 1983 the company received half a million dollars in sales.[6] Early on, the company's main product was its mountain bikes, and QBP also specialised in importing hard-to-find mountain-bike parts from suppliers in Japan.[6] In 1984, QBP hired its first employee and sold $1 million in parts.[6] In 1996 QBP purchased a 67,000-square-foot (6,200 m2) warehouse on its current site in West Bloomington.[7]
QBP purchased Salsa Cycles in 1997, a California-based mountain-bike manufacturer. The following year, the firm entered the emerging single-speed bike market with its in-house designed Singleton chain tensioner. Later in 1998, this product and the new Rat Ride single-speed frame (soon renamed the 1X1) helped launch the company’s new start-up, Surly Bikes.[8] The company continued developing brands for under-served markets, adding specialty parts with Problem Solvers, value parts and accessories with Dimension, and high-end components with Winwood. It also became the exclusive U.S. distributor for Jagwire, a Taiwan-based manufacturer of bicycle brake and derailleur components, including pads, cables and, cable housing.[citation needed]
Responding to the growing trend of bike commuting and “transportation-oriented” cycling, the firm created the Civia bike brand in 2007. The following year, the firm transformed Wheelhouse, its dealer-oriented wheel-building service, into Handspun, a consumer-oriented manufacturer of hand-trued and custom-built wheels. It also founded All-City, which offers single-speed and fixed-gear bikes, parts and accessories for urban bicycling.[9] In 2007 QBP received the first annual Carbon Buster Award from U.S. Senator Amy Klobuchar.[10] The firm opened a second distribution center in Ogden, Utah in the spring of 2010, that has been awarded LEED Gold certification by the U.S. Green Building Council,[11] [12] the firm was named one of America's Top Work Places by Outside Magazine in 2011.[13] Later that year the firm opened a third distribution center in Middletown, PA,[14] and moved to a new facility in Lancaster, PA in January 2015.[15]
In 2015 Flagg retired from his position as CEO and was replaced with Rich Tauer, previously vice-president of marketing and sales. Flagg continued on as the company's chairman. That year the company opened offices in Taiwan, bringing the company to 690 employees.[5][16] In 2016 the company opened a fourth facility in Reno, Nevada.[17]
In April 2020, the company announced layoffs for 12 percent of its workforce due to the COVID-19 pandemic.[18]
Brands edit
The company owns nineteen brands including Salsa, Surly, All-City, 45North, Handspun, Foundry, Civia, Whisky, MSW, Problem Solvers, Dimension, Mechanical Threads, R12, Q-Tubes, Buzzy's and iSSi. Through its Q-Active division, the company distributes products to independent skiing, running, and outdoor retailers. QBP entered a distribution agreement with Fyxation in 2011.[19][20][21][22] The company distributes both bicycles themselves and bicycle parts, in addition to outdoor gear.[23] In August 2023 it was announced that the brand All-City would be discontinued after the 2024 season.[24]
References edit
- ^ . Archived from the original on 2015-10-29. Retrieved 2016-01-26.
- ^ a b c Zinn, Lennard (May 2009). "Putting the Quality in Your Bicycles" (PDF). VeloNews. Competitor Group Inc. pp. 91–92. Retrieved 2009-12-28.
- ^ St. Anthony, Neal (September 20, 2008). "Parts come together". Star Tribune. Minneapolis, MN. Retrieved 2009-12-28.
- ^ D’Ambrosio, Dan (August–September 2010). "Industry Profile QBP" (PDF). Adventure Cyclist. Adventure Cycling Association. Retrieved 2011-01-24.
- ^ a b "Steve Flagg steps down as QBP president". Bicycle Retailer and Industry News.
- ^ a b c d e Gee, David (December 2007). "Pedal Power". Minnesota Business: 48–55.
- ^ "ON THE HORIZON – QUALITY BICYCLE PRODUCTS". 8 April 2011.
- ^ "Minnesota company keeps winter biking rolling". Twin Cities. 18 January 2014.
- ^ "Bicycle Friendly Business: Quality Bicycle Products Platinum Level". League of American Bicyclists. Retrieved 2010-11-07.
- ^ "Senator Klobuchar's Carbon Buster Awards of Excellence". Senator Klobuchar. Retrieved 2010-11-07.
- ^ Staff, BRAIN (2012-07-05). "QBP earns LEED certification for Utah center". Bicycle Retailer and Industry News. Retrieved 2012-12-08.
- ^ "More Companies Are Outfitting Warehouses With 'Smart' Lights". Wall Street Journal.
- ^ The Editors (August 15, 2011). "49. Quality Bicycle Products". Outside Magazine. Retrieved 2013-03-04.
{{cite magazine}}:|author=has generic name (help) - ^ Staff, BRAIN (2011-12-05). "QBP's East Coast warehouse up and running". Bicycle Retailer and Industry News. Retrieved 2011-12-05.
- ^ Tim Stuhldreher (December 24, 2014). "Quality Bicycle Products to open Lancaster distribution center Jan. 5". LancasterOnline. Retrieved 2015-06-25.
- ^ "Nobody shifts like they do at Quality Bicycle Products".
- ^ TIM MEKEEL - Staff Writer (25 January 2016). "Quality Bicycle Products opens 4th distribution center in Reno". LancasterOnline.
- ^ Emily, Cassel (14 April 2020). "Bloomington bike parts company QBP, the country's largest, lays off 88 in mass video call". City Pages.
- ^ BRAIN Staff (January 5, 2011). "QBP to Distribute Fyxation". Bicycle Retailer and Industry News. Retrieved 2015-03-15.
- ^ Stephen Regenold (15 January 2016). "Expert Panel: 20 'Hacks' For Better Wintertime Biking". Gear Junkie.
- ^ "Guy On A Bike: With QBP It Makes Sense To Ride To Work".
- ^ "QBP forbids sale of its brands through third-party online vendors".
- ^ ThisisReno Staff (29 October 2015). "Quality Bicycle Products Opens Distribution Center Creating 50 Jobs". This is Reno.
- ^ "All-City Cycles is Closing".