Having shown all of the signs of a store on the brink of closing, Chesterfield Cycles has now confirmed it will close its store in order to focus its efforts on the owner’s motorcycle business.
Operating from a space much larger than most in the UK bike retail business, the store has been trading for three years carrying a deep stock of bike brands and P&A.
The store has now issued a statement saying: “It is with sadness we want to inform you we will be closing Chesterfield Cycle Centre early in 2018. We have always had a plan to operate CCC for three years and then make the decision to continue or close. We have grown the business from it’s start three years ago however the cycle market has been a challenge and with the uncertainty in the economy for the coming few years we have decided to concentrate our efforts on our core business at CMC Motorcycles.
“We will continue to trade at the shop over the coming months to sell the stock we have at sale prices and then decide on an official closing date during the first quarter of 2018. We would really like to thank our customers for their support since 2015, our suppliers for the products we have stocked and most of all James, Paul, Tanya, Tom, Phil, Nick and John, our staff, for their commitment during the time we have been trading.”
2017 has been a turbulent year for the cycle trade, with closures running at a much steeper trajectory than in previous years.
CyclingIndustry.News has reached out to the business to gain more insight on the closure.