On the bicycle side, the disruption is happening. It's just leaving local retailers out of the mix. Instead, we have 100% online brands appearing (Canyon, etc

On the bicycle side, the disruption is happening. It's just leaving local retailers out of the mix. Instead, we have 100% online brands appearing (Canyon, etc). Locally, the bike shops that are doing well all have a side-business - several have brewpubs or cafes, other have training facilities.