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Exactly. There is a correlation between the dominance of predominantly online stores over others today, and the dominance of nationwide stores of yesteryear over other independent/smaller chain stores.
I imagine we will all bemoan the loss of Sigma/Wiggle/CRC when we are buying components on the app store and 3D printing them at home.
I've bought from Evans online and in-store and I've bought from Sigma online and in-store and I've bought from Cycle Surgery online and in-store and I have my bikes worked on by my remaining LBS if it's something I don't have tools for or an insurance claim where it needs to be official, etc.
If shops are going under, it's not my fault.
"my" being the customers in this equation.