Velo Specialties owner Paul Domingue has closed his shop after six months in business.
Domingue said via email that the poor economy did him in.
“It was a decision that I could see coming as the summer months rolled by and the desperately lean retail environment in Tucson took its toll. I tried to hold on but things did not improve much in September…,” he wrote in an email.
He said he might have been able to hold on and make the business work, but it wasn’t going to happen fast enough.
“Ultimately, I just had to stop the bleeding. I closed the shop on September 30th,” he wrote.
He said his remaining stock will be sold by a third party seller. He said he isn’t sure what he’ll do next, but has several options available to him.
Domingue said he was thankful to all his customers and said he will still honor the year’s worth of free service he promised to his customers who purchased bike from him.
He asked that customers email him at email@example.com.
He announced on the shop’s Facebook page that the “shop ride” he organized will continue from the Starbucks at Stone and River at 7 a.m.