This is very bad news indeed. It is nearly impossible for any small business to survive these days and even more so for the LBS given the fact complete bicycles and parts and accessories have been in very short supply and nearly impossible to purchase for the last 12 months. The independent LBS can not compete with larger chains much less corporate owned stores such as the rapidly growing number of independent LBS turned into Trek owned stores. Add the growing number of Internet-only brands like Canyon and many others. Finally when people buy bikes on any of the major bike brands and select their LBS as the dealer where the bike will be shipped, built and made ready for customer pick up the margin given to the LBS is cut to an unsustainable level. The more the masses give their business to internet and corporate owned businesses the less is going to the LBS. If we are to see our LBS survive people will have to support them or more of them will close.