Reel Repair by Alan Tani

News not all good, I hear Alvey reels, are defiantly closing down soon. I will update this as soon as I can, cheers Don.

Ay mate sent me some news today that after 102 years Alvey reels will be closing down, in one months time, i could not get any volume out of the post my mate sent me, so I have forwarded it onto Wayne, he is quite good on the computer, hopefully he can wave his madgic, with it, cheers Don.

Don,

I am able to attach the website for your news announcement.  Here it is:

         https://www.facebook.com/watch/?extid=NS-UNK-UNK-UNK-AN_GK0T-GK1C&v=752162769475547

Hi Wayne
not sure if you can get any volume out of this,
I am not getting any here, I started a post in the news section, of the forum,
if you have any luck with the volume could you please place it in that post,
cheers Don.


DONE!!!    Wayne

Quote from: El Pescador on May 25, 2022, 12:59:20 PMDon,

I am able to attach the website for your news announcement.  Here it is:

         https://www.facebook.com/watch/?extid=NS-UNK-UNK-UNK-AN_GK0T-GK1C&v=752162769475547

Hi Wayne
not sure if you can get any volume out of this,
I am not getting any here, I started a post in the news section, of the forum,
if you have any luck with the volume could you please place it in that post,
cheers Don.


DONE!!!    Wayne

To get Sound  click on the x in the bottom left corner where the lil Speaker icon is .

Sad to see a Mom and Pop Store go under in any time  but over a HUNDRED YEAR  LEGACY is just HORRIBLE.
You get money on the internet to save a friggin endangered  Mosquito  or some other Stoopid Cause but why cant they put up a go fund me thingy to save a Huge HISTORICAL Company like this .
Come on Now !

Thanks Wompus!!!

I don't do Facebook!!!!

Wayne

Quote from: Wompus Cat on May 25, 2022, 01:14:49 PM

Quote from: El Pescador on May 25, 2022, 12:59:20 PMDon,

I am able to attach the website for your news announcement.  Here it is:

        https://www.facebook.com/watch/?extid=NS-UNK-UNK-UNK-AN_GK0T-GK1C&v=752162769475547

Hi Wayne
not sure if you can get any volume out of this,
I am not getting any here, I started a post in the news section, of the forum,
if you have any luck with the volume could you please place it in that post,
cheers Don.


DONE!!!    Wayne

To get Sound  click on the x in the bottom left corner where the lil Speaker icon is .

Quote from: Wompus Cat on May 25, 2022, 01:28:58 PMSad to see a Mom and Pop Store go under in any time  but over a HUNDRED YEAR  LEGACY is just HORRIBLE.
You get money on the internet to save a friggin endangered  Mosquito  or some other Stoopid Cause but why cant they put up a go fund me thingy to save a Huge HISTORICAL Company like this .
Come on Now !

Depends why they're closing? Is it waning interest in their products? Financial mismanagement (Intentional or otherwise)? Company patriarch dies and their children have no interest (and pure fishing doesnt want the name)?

Crowd funding can't do anything about any of that.

Quote from: JasonGotaProblem on May 25, 2022, 02:55:29 PM

Quote from: Wompus Cat on May 25, 2022, 01:28:58 PMSad to see a Mom and Pop Store go under in any time  but over a HUNDRED YEAR  LEGACY is just HORRIBLE.
You get money on the internet to save a friggin endangered  Mosquito  or some other Stoopid Cause but why cant they put up a go fund me thingy to save a Huge HISTORICAL Company like this .
Come on Now !

Depends why they're closing? Is it waning interest in their products? Financial mismanagement (Intentional or otherwise)? Company patriarch dies and their children have no interest (and pure fishing doesnt want the name)?

Crowd funding can't do anything about any of that.

They ain't making Toxic Chemical Toys  to give Children .
It is a Family owned Fishing Reel Company that needs Help
It was bought out by a private invester a few years back BUT is still operated by the Family and lifelong employees. They are blaming the Covid mostly for their demise if you listen to the Face Book LINK that was posted above .
  .Simple as That. lol

This REELY happened back in the sixties

A guy started a magazine ad (Didn't have interweb thingy back then just personal ads in back of mags to get a girl ,guy ,or money ......)
to SAVE THE NAUGA
the lizzard whose Hyde was used to make Naugahde Leather.

We NEED MOM and POP Fishing Reel Companies  regardless of their reasons unless secretly they ARE Selling Poisonous Candy and Toys to Chidrens ....

Quote from: JasonGotaProblem on May 25, 2022, 02:55:29 PM

Quote from: Wompus Cat on May 25, 2022, 01:28:58 PMSad to see a Mom and Pop Store go under in any time  but over a HUNDRED YEAR  LEGACY is just HORRIBLE.
You get money on the internet to save a friggin endangered  Mosquito  or some other Stoopid Cause but why cant they put up a go fund me thingy to save a Huge HISTORICAL Company like this .
Come on Now !

Depends why they're closing? Is it waning interest in their products? Financial mismanagement (Intentional or otherwise)? Company patriarch dies and their children have no interest (and pure fishing doesnt want the name)?

Crowd funding can't do anything about any of that.

The reasons companies are closing can be any of the above reasons that Jason is referencing above —- and a dozen more.

Ranging from less demand for their products to intentional transferring of debt-load to an acquired company.

But in this case —- sadly, it is just less demand and poor sales for their products.

When many surf-caster anglers have switched to throwing soft baits with really light gear into the brine — the demand for the tried and true good ole Alveys has lessened to the point that the company cannot make enough money to stay profitable.

With the constant costs of running a business —- before a product ever gets sold, supply chain & inflation issues of double digit increases sometimes monthly —- regardless of the love for a product —- it is time to just stop fighting it —- or adapt and add other lines to their equipment offerings.  And that is a lot of work, R&D, and effort that may not make sense to the Alvey family and their investors at this point.

They join the 95% of reel manufacturers that while having a great product —- cannot afford to remain in business.

It is just reality math.

Best, Fred

It doesn't help when the ultimate powers to be won't allow people to go outside, either. If one is stuck in the house they can't go fishing and if they can't go fishing they're not going to buy fishing reels & equipment. It all compounds from there, and then they wonder why the world wide economy is tanking. 

According to a Spokeman of the Company the closing ain't got nuttin to do with management,Low Sales , Smaller Fishing Reels, lack of Fisher Persons, Water Temp ,Diarrhea,or Monkey Pox .
Here is a Quote from an Alvey Company Spokesperson.

QuoteAnnouncing the shutdown in emails to shoppers and on social media, the company said "drastic cost increases" in raw materials as well as global supply chain issues were proving to be too expensive to remain in business.

Here is another source if you could not Hear the link posted earlier that MAY Enlighten you on the REEL DEMISE .
ALVEY INFORMATION CLICK TO SEE
 

The last time they announced they're going out of business their sales shot up and they changed their mind.

Quote from: oc1 on May 25, 2022, 06:22:55 PMThe last time they announced they're going out of business their sales shot up and they changed their mind.

There was a 'rival' sauce maker who used to do a "going out of business" sale at least once per quarter to drum up sales. Everyone in the industry knew thats what he does, but people keep stocking up.

Global supply cha

Quote from: Wompus Cat on May 25, 2022, 06:16:02 PMAccording to a Spokeman of the Company the closing ain't got nuttin to do with management,Low Sales , Smaller Fishing Reels, lack of Fisher Persons, Water Temp ,Diarrhea,or Monkey Pox .
Here is a Quote from an Alvey Company Spokesperson.

QuoteAnnouncing the shutdown in emails to shoppers and on social media, the company said "drastic cost increases" in raw materials as well as global supply chain issues were proving to be too expensive to remain in business.

Here is another source if you could not Hear the link posted earlier that MAY Enlighten you on the REEL DEMISE .
ALVEY INFORMATION CLICK TO SEE
 

Supply chain is a b+++h.  And right now, supply chain is a B***h that is going through a divorce.  Getting goods from point A>B affordably is beyond a challenge.  Sorry to see that they could not weather the storm, but as Fred said above - it's math and when you get to a certain point it's time {whether we like it or not) to move on.  - john

Thank Wayne, I dont have exsturnal speekers on my computer, & was hearing nothing, I new you would manage it, & thanks to everone for your comments, cheers Don.