NEWS
IBD numbers on the rise
Independent retail struggles, but IBDs are on the up Four per cent rise in bike shop openings recorded
By Jonathon Harker
THE LATEST shop vacancy report has found that the independent retail sector is struggling, but independent bicycle dealers are bucking the negative trend. According to the Local Data Company, independent bikes shops have grown four per cent in the top 500 town centres over the first half of 2013. The data company, together with the
British Independent Retailers Association, found a 13 per cent net rise in independent bicycle retail numbers compared to the first half of 2013. That impressive performance is against a
backdrop of significant losses of independent shops as a whole. The hardest hit sectors include newsagents, shoe shops and women's clothing shops. Traditional independent shops are declining at the
fastest rate ever, with a loss of nearly 200 shops in the first half of this year compared with a total loss of just over 200 in the entirety of 2012. Regionally, Wales went from a three per cent loss of independents in 2012 to growth of three per cent in the first half of 2013. Conversely, London and the South East lost nearly 100 independents in the same period. The growth rate of independent shops is at 0.4 per cent – half the rate of this time last year.
Matthew Hopkinson, director at the Local Data Company, said: “It’s a very interesting first half to 2013 for independents. Key ‘storm warning’ changes are the ten per cent rise in openings and closures over the same period last year and the accelerating decline of comparison goods shops. This is not just about the
Cotswolds Cycles
A customer under analysis
“This new partnership will help us bring the most comprehensive and best thought out fitting service to our customers...”
Andrew Hutchings, Cotswold Cycles
6 BIKEBIZ OCTOBER
GLOUCESTERSHIRE’S COTSWOLDS Cycles is the latest shop to become a Cyclefit Partner Store. Cotswolds hosted an event to celebrate the news, showing of its fully-set up Fit Studio with spin scan and dartfish demonstrations revealing some of the technology used during fits. As well as a number of top bike models on show from Seven, Guru and Trek’s Project One Custom Scheme, CycleFit presented short discussions on recent interesting developments in the World of BikeFitting, and also provide some insights into what it is like providing Fit Services to one of the
BIKEBIZ.COM
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