Austin market sees spree of shop closures

By Toby Hill

Ozone Bike Dept. closed after 23 years in business.

AUSTIN, Texas (BRAIN) — In a space of one month, three Austin retailers will close their doors.

Weather woes, low oil prices, high real estate costs and market saturation are among factors that have put the squeeze on the city’s retail landscape.

Austinbikes, a road-focused store that opened 10 years ago in the Clarksville neighborhood northwest of downtown Austin, closed in late January. The closure and farewell party were announced on the shop’s …read more

Via:: Bicycle Retailer and Industry News