Club Ride completed its move last week from its original headquarters in to a new location in Ketchum, ID with three times the square footage, including an expansive warehouse needed to accommodate next year’s inventory.
“With our 2013 collection nearly double the size of this year's offerings, this move couldn't wait another day,” said Founder Mike Herlinger. “Shipments of new product are scheduled to arrive in late September, and developing this new space has been a critical step in our growth.”
The cycling apparel company, which was established in 2008, also disclosed that it had secured its first bank credit line last month, putting it in a position to grow the business more aggressively.
“This credit line is going to give us more agility in the marketplace,” said CEO Scott Montgomery, “and we will be able to pursue opportunities with greater flexibility and assertiveness. With the Wells Fargo financing in place, we will be able to expand as budgeted for 2013. Approximately a third of our '13 preseasons orders are now in hand, and we have seen our average order more than double, which has surpassed our expectations.”
Club Ride's website is currently undergoing a major facelift as well and is scheduled to be unveiled later this week. “We've been working hard all summer, continuing to raise the bar,” said Montgomery. “With a young, growing business like ours, it's important to take things step by step, and a change like this new website is part of our steady progression. Other big improvements include earlier delivery to our 300 plus dealers, larger tradeshow presence, and greatly expanded catalog.”
