vidman wrote:I feel bad for the 25-30 people suddenly without a job!
As a bike shop employee myself, winter is always a nervous time.
Sales are very slow yet the rent is still the same.
And every winter, a few shops close down (tho usually not big established players like BSC).
However I think BSC opening so many stores in the city was just a little loopy myself. And from what I hear, BSC have been on shakey ground for a while now. Not the time to be opening high risk, high rent stores all over the city!!
Best of luck to all the ex BSC staff to finding a new job.
that was my 1st thoughts, as a manager of a small LBS i know there are not many jobs put in the industry at the moment and there are more wholesalers getting into direct retailing too. alot of the bigger brands also have there "branded independents" by the short and curly's. makes me glad we have changed our stock around to stop competing with price and compete with service. something consumers dont realize they have forgotten about until there is a problem.
a large shop with huge standing costs cant stay open for too long now, things are too quiet. online isn't the whole solution too as people want it to be cheaper "because its online"
there are alot of changes happening, there will be more bigger shops closing and small shops too. ill be interested to see goldcrosses figures at the end of next month to see how many million they lost again!