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University Bicycles owner Douglas Emerson, center, talks with friends in his shop in Boulder, Colo., on Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)
Helmets are displayed at University Bicycles in Boulder, Colo., Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)
Mechanic Lizzy Thomson works at University Bicycles in Boulder, Colo., Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)
Salesmen Will Malfeld, left, and Ben Chandler, right, work at University Bicycles in Boulder, Colo., Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)
Shawna Williams, owner of Free Range Cycles, poses in her shop on May 6, 2024, in Seattle, Wash. Williams didn't have the sales surge others did because her 700 square foot shop was so small she kept it open by appointment only from March 2020 to May 2021. (AP Photo/Manuel Valdes)
University Bicycles owner Douglas Emerson rides his bike in Boulder, Colo., Tuesday, April 30, 2024. Bike stores quickly sold out of their stock early in the pandemic and had trouble restocking because of supply chain issues. Now, inventory is back, but demand has waned. (AP Photo/Thomas Peipert)
Shawna Williams, owner of Free Range Cycles, poses outside her shop on May 6, 2024, in Seattle, Wash. Williams didn't have the sales surge others did because her 700 square foot shop was so small she kept it open by appointment only from March 2020 to May 2021. (AP Photo/Manuel Valdes)