Bike sales cruising despite recession
Submitted by maiki on January 4, 2009 - 10:13pm
At a time when doom-and-gloom reports on retail sales are making headline news, the fortunes of some local bike shops continue to speed, managers and owners said.
Retail sales are down 2 to 4 percent for the year and as much as 8 percent with auto and gas sales factored in, according to SpendingPulse, a division of MasterCard Advisors.
But sales of mid-priced and street bikes are up locally, as is the demand for repairs, Palo Alto bicycle sellers are reporting.
Full article at http://www.paloaltoonline.com/weekly/story.php?story_id=10188.
