I was thinking this just the other day, that any bike shop that was around in the 90’s and still present now would probably not be be being run by the same people, afterall 30years have gone by…
The bike shop I worked part time at in the mid 90’s is still a bike shop, though not in ownership it was when I was there. It did stock some nice kit when I was there, but the owners at the time stopped paying the bills so the stock ran dry and wasn’t replaced - it was a bit embarrassing not really having anything to sell, we just relied on servicing. So when the new owners took over it was for the best, and although they were a bit “mainstream” they are still there and trading, and they became less mainstream - for a while at least.
Two former managers of the shop have since started their own bike shops which are both doing well.