Retail News
NEW YORK, NY (BRAIN)—This May Eastern Mountain Sports will open a new store in SoHo at the corner of Spring and Broadway that triples the size of its current Manhattan location, featuring an urban loft feel and green design aspects.
BROOKLYN, NY (BRAIN)—The Trek Bicycle Store of Brooklyn, New York shut its doors on December 31, according to owner Joe Dweck.
"The economy tanked us," said Dweck, adding that people weren't buying bikes. The store had been open for a year.
BY JASON NORMAN
NASHUA, NH—In the midst of a tough economy, retailers are dealing with yet another challenge: rising health insurance premiums. Small and large retailers alike are facing steeper premium increases, with both having to make tough choices for themselves and their employees for the new year.
LAKE ARROWHEAD, CA (BRAIN)—Last week a robber stole more than $400 from Unified Ride Bike Shop on South Highway 173, according to the Crestline Courier-News.
NORTH HAMPTON, NH (BRAIN)—Gus' International Bicycle Shop has reopened with a renewed vigor.
The shop had closed in September after the death of its second owner, John Bocko.
Click on link to see how new owner Jeff Latimer plans to give Gus' new life.
NEW HAVEN, CT (BRAIN)—Less than a year after spinning off his popular Devil’s Gear Bike Shop near the Yale campus in New Haven, Connecticut, owner Matthew Feiner sold off the inventory and closed the second shop two weeks ago.
Devil’s Gear II, as it was known, couldn’t survive the economic downturn.
PAYSON, UTAH (BRAIN)—Delta 7 Sports finished its move to a new facility last week, giving the growing company three times the amount of space as its former building.
ORANGE, CA (BRAIN)—Switchback Cyclery will shutter its doors next month, after falling victim to tough economic conditions, smaller margins and increased competition from the Internet.
PALOS VERDES, CA (BRAIN)—Steve Bowen posed the question to his fiancée almost on a whim, he recalled. Should they buy a beaten-down shop better known for blowing out Schwinns than serving an affluent customer base?
BAKERSFIELD, CA (BRAIN)—Despite the slumping economy, Alan Bradley, owner of Finish Line Bikes in Bakersfield, California, saw his business in August 2008 double over last year. The same thing happened in September, while October is headed in that direction.
COSTA MESA, CA (BRAIN)—The National Bicycle Dealers Association upgraded to a new office space this week.
Fred Clements, the association’s executive director, said the reason for the move was the deteriorating environment of its previous office building. The NBDA had been in that office since 1999.
LAGUNA HILLS, CA (BRAIN)—Jon Scott, the owner of an online directory that serves the industry, invites any retailer who is unhappy with his company’s product to call him directly to voice their concerns.
COSTA MESA, CA (BRAIN)—Several retailers have reported unauthorized withdrawals of nearly $300 from their bank accounts in recent weeks from a company called www.bicycledata.com, which runs a directory service for the industry.
FORT COLLINS, CO (BRAIN)—Peloton Cycles, a Specialized concept store, celebrated the grand opening of its newest store in Fort Collins, CO last month.
HOUSTON, TX (BRAIN)—Many Houston and Galveston area retailers were still closed on Monday without electricity due to the devastating Hurricane Ike, which has left more than 17 dead across nine states.
BOULDER, CO (BRAIN)—The Selling Cycling web- and DVD-based staff training program recently set a new record by surpassing its 300,000th training incident for the 2008 season, according to Ray Keener, Growth Cycle President.
The success is the result of several factors, Keener said.
BOULDER, CO (BRAIN)—The Selling Cycling web- and DVD-based staff training program recently set a new record by surpassing its 300,000th training incident for the 2008 season, according to Ray Keener, Growth Cycle President.
The success is the result of several factors, Keener said.
BOULDER, CO (BRAIN)—The Selling Cycling web- and DVD-based staff training program recently set a new record by surpassing its 300,000th training incident for the 2008 season, according to Ray Keener, Growth Cycle President.
The success is the result of several factors, Keener said.
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