As The Wheel Turns, So Do The Days of Our Rides. This series is my reflection on current events in the industry and consumer perspective. With my 30 years in the business, I try to give a better understanding and some added context to today's topics. Let's have a look.    • Will Bike Prices Ever Go Down? Who Ma...  

Here are 10 reasons why bike shops go out of business:

23:56 1. Competition from online retailers. Online retailers can offer lower prices on bikes and parts, and they often have a broader selection to choose from. This can make it difficult for bike shops to compete.
21:20 2. The rise of big box stores. Big box stores, such as Walmart and Target, have started selling bikes and parts at competitive prices. This has further eroded the market share of bike shops.
18:00 3. The changing landscape of the bike industry. The bike industry constantly evolves, with new technologies and trends always emerging. Bike shops need to keep up with these changes to remain competitive.
16:26 4. The high cost of doing business. Bike shops have high overhead costs, such as rent, inventory, and payroll. This can make it difficult for them to stay profitable.
12:05 5. Lack of qualified mechanics. Bike shops need to have qualified mechanics on staff to repair and service bikes. However, it can be difficult to find and retain qualified mechanics.
9:44 6. Poor customer service. Bike shops must provide excellent customer service to compete with online retailers and big box stores. However, many bike shops fail to do this.
7:73 7. Poor management. Bike shops need to be managed effectively to be successful. However, many bike shops are operated by owners who lack the necessary business skills.
6:17 8. Economic downturn. An economic downturn can lead to decreased demand for bikes and parts. This can make it difficult for bike shops to stay in business.
4:48 9. Location. The location of a bike shop can also be a factor in its success. Bike shops located in areas with high rents and low traffic are likelier to go out of business.
2:29 10. Lack of marketing and branding. Bike shops need to market and brand themselves to attract customers. However, many bike shops fail to do this effectively.

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My passion for bikes started when my parents opened a shop in the 1980s called Parker Bikes (we were located in Parker, Colorado). My love for cycling has continued since then, in my work and with my hobbies of road cycling and mountain biking. After my parents’ shop closed, I worked for other bike shops (including Lee’s Cyclery in Fort Collins), where I built and sold bikes, fixed and tuned up bikes, and managed inventory.
I love working on bikes and want to share my passion for cycling with others. So, next time you’re talking cycling with someone and wondering how to get started or where to go from here, you can think, “I know a guy!”

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