Independent bike shop numbers rise - BikeBiz

Independent bike shop numbers rise

IBDs are on the up, but independent retail as a whole is struggling says new report
Publish date:

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.

Read more on bike shop openings here.

That impressive performance of IBDs 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 internet and out of town competition but far wider business cost issues that make many businesses unprofitable."

Deputy chief executive of the British Independent Retailers Association Michael Weedon added: “More new independent shops are being born than are dying and net growth in the population of independent traders is still, just, keeping the empty shop rate stable. But big changes are occurring in the ecology of the high street as the mix of retailers is changing.

"The government and other commentators tell us that the world has changed and that retail must change with it – as if anyone had a choice. The commercial realities of customers through the door, money in the till and rent bang on the quarter day play out day in day out whatever expert advice is doled out."

Have your say on this story in the comments box below or email us at BikeBiz@intentmedia.co.uk

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018


Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018


Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018


Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018