One New York bike shop owner thinks so. He says, of his two outlets, the one furthest from a docking station is thriving. But since a Citi Bike station was built just a block away from his other shop, sales have fallen – to the tune of 250-350 bikes a year. “After Citi Bike began, over a period of two weeks you could see the change,” Charlie McCorkell told Bloomberg. 

Chung Pai, the owner of another NYC bike shop, agreed – bike sales were down, though helmet and accessory sales rose. The website speculates that the hire scheme is “a convenient alternative to the mass-market bicycles favored by commuters”.

Read more » (bloomberg.com)