Mike in Washington, DC writes:
The current economic crisis is hurting many businesses including local bike shops. These local businesses will not receive government bailouts like the Wall Street Banks and auto companies. If these small business go under, they may not come back. You will miss them in the Spring when they are not there, so support them this winter as you do your holiday shopping.
Read more at his blog. Chris-the-big-bike-company-guy has his thoughts on the credit crunch and the bike biz as well:
Does anyone else think [the bicycle industry] sounds like an industry that could get hit with problems like the car dealerships are facing now? Dealers full of inventory that isn’t moving (because the orders were placed 6 months prior at no cost), and the oversupply hits at a time when that inventory should move, but might not because of an economic belt-tightening (springtime). There is an assumption that bike stores in the spring will sell bikes at similar quantities/prices as to what they sold last spring. I think that is a particularly dangerous assumption.
What do you think? What have you seen at your bike shop?