The latest recession victim is Devil’s Gear II, the popular, community-minded bike shop on Audubon Street. Devil’s Gear will sell inventory for up to 40 percent off at its remaining Chapel Street store, which is also hanging on by a thread. Owner Matthew Feiner sent this email message to customers and friends on Tuesday:
Hi All,
With the move to the larger space and then the drastic downturn in the economy we have been operating at a loss. The DG 2 went way into debt and we will forced to close.For this I am deeply saddened.The devil’s gear bike shop on Chapel will countinue to be open for now.The DG2 will be selling everything at 40% off. Also for sale will be two repair stands and lots of shop tools, air compressor, display stands, stools,cash register, lights etc.To do this is truly heartbreaking .
Peace and Happy Holidays,
Matthew