CLOSE DUE TO REDUCED BUSINESS
It’s a sad period for Dublin cyclists as two long-standing bike shops, Thinkbike in Rathmines and Terenure, have announced their closure. The owner, John Clarke, cited “difficult circumstances” and a change in work patterns post-Covid as the reasons behind the decision.
Thinkbike had been serving the Dublin cycling community for 26 years, providing bikes, accessories, and repairs to countless cyclists. Their closure is a significant loss to the local cycling scene, and many customers have expressed their sadness and disappointment on social media.
This news comes at a time when many businesses are struggling with rising costs and changing consumer habits. The pandemic has undoubtedly had a lasting impact on the retail landscape, and unfortunately, Thinkbike is not the only business feeling the effects.
It remains to be seen what will become of the two shop locations, but for now, Dublin cyclists will have to find alternative options for their cycling needs.
On the face of it, this news seems counterintuitive. With the rise in cycling’s popularity, particularly in urban areas like Dublin, and the significant investment in cycling infrastructure, one would assume bike shops would be thriving.
Here are a few factors that might be at play, despite the seemingly favourable conditions:
Increased competition: While cycling is growing, so is the number of businesses vying for a slice of the market. Online retailers, big box stores, and even supermarkets are selling bikes and accessories, increasing competition and potentially squeezing smaller, independent shops like Thinkbike.
Changing consumer habits: The way people shop has changed. Online shopping offers convenience and often lower prices, making it a tempting alternative to visiting a physical store. This is especially true for accessories and parts.
Rising costs: Like all businesses, bike shops are facing rising costs for rent, utilities, and stock. These increased overheads can make it difficult to maintain profitability, especially in a competitive market.
The e-bike boom: While the rise of e-bikes is generally positive for cycling, it also presents challenges for traditional bike shops. E-bikes require specialist knowledge and equipment for servicing and repairs, which can be a significant investment for smaller businesses.
Post-Covid challenges: As already mentioned, changes in work patterns post-Covid may also be a factor. With more people working from home, the demand for commuter bikes might have decreased, impacting sales.
It’s important to remember that every business is unique and faces its own set of challenges. While the closure of Thinkbike is undoubtedly a loss for the Dublin cycling community, it’s likely a combination of these factors that contributed to their decision.
It highlights the challenges faced by independent businesses in a rapidly changing retail environment, even within a seemingly booming sector like cycling.