The Bikebiz website has reported the devastating findings of research by the Outdoor Industries Association.
With trails shut and people unable to get our into the country big trade losses were inevitable. The report says “Outdoor retailers were among the first to suffer as walkers, climbers, riders and other outdoor enthusiasts were barred from public rights of way and access land. This latest survey clearly shows the knock on effect on manufacturers, distributors and other suppliers”
The report continues “Over four in five suppliers report substantial cancellations of orders for May with turnover down by over 80% in some cases. Across retailers and their suppliers we see over half of our members reporting sales down by more than 20% on the previous year.”
Although the report stated that everything would be done to try and secure government help, “Regrettably a number of businesses have already closed and almost a fifth of members report laying off staff”.
Obviously businesses right down the chain will need to recoup the money somehow, and though there might be some summer gear sale blowouts from those left with unsold 2001 stock, everyone will be increasing prices next year to try and get some lost money back in. So before you wander into shops in harder hit areas like the Lakes and Yorkshire, have a quick think about whether trying to haggle discount for cash is a good idea if you want to see the same shop there next year.