Trek Bicycle has announced the closure of its downtown Memphis store.
The South Main Street store, which sells a variety of bikes and gear, will close on March 19. Downtown staff will be transferred to the East Memphis location.
“Obviously we’re sad to see them go,” said Paul A. Young, president and CEO of Downtown Memphis. “They seemed like a great community for downtown, with cyclists and as we continue to develop our natural assets along the river, we know that cycling is an important part of that. We hope that assets like Explore Bike Share will continue to grow in demand and continue to provide this resource.”
Explore Bike Share is a Memphis non-profit organization dedicated to providing shareable and rentable bikes downtown. The closure of the Downtown Trek store means that the closest bike shop for downtown residents is Victory Bicycle Studio on Broad Ave, about six miles from the Trek Downtown store.
It’s too early to tell which new company will secure the old Trek site, Young said, but he thinks it could be a variety of things.
“We continued to see demand for new businesses to locate downtown,” Young said. “I would just say it’s early to see who those businesses will be. I think you have a number of retailers, restaurateurs, who would all be interested in the space, it’s just a matter of what this guy of space can fit in. For example, is there the capacity for a kitchen in there?”
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In addition to the East Memphis location, Trek Bicycle has a store in Germantown. Trek headquarters did not return a phone call seeking comment.
“Thank you for making our stay in downtown Memphis so enjoyable,” Trek Bicycle posted on Facebook Last week. “We look forward to this new adventure with you!”
As for the downtown Memphis space, Trek Bicycle remains open, Young doesn’t expect it to stay empty for long.
“The South Main area is one of our hottest markets, both retail and downtown, and it’s a big and growing business scene,” Young said. “We believe there will be strong businesses looking to locate downtown that could potentially occupy the space.”
Gina Butkovich covers DeSoto County, storytelling and general news. She can be reached at 901-232-6714 or on Twitter @gigibutko.