Quote:
Originally Posted by 3blade
Yup. Another thing is the lack of innovation on the part of the bow companies combined with the state of the economy. Used to be, guys would upgrade bows every year or two, which also meant new arrows and components. A lot of shops operated on those relatively decent margins. Now that technology has plateaued, its one bow every 5 years or even longer. So I’d guess a 50% cut to sales, at a minimum.
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The economy is terrible, and our dollar is in the dumps. I can’t afford to buy a $1500-$2000 bow every year. And I feel like a lot of those guys that used to do that, are probably in the same boat. I shouldn’t say much though, because even if I could afford it, I would not buy a new one every year. Not really because of the lack of new technology, more because of the “if it ain’t broke, don’t fix it” mentality. I’m still shooting a 2011 Hoyt. I’d love to buy a new one, but just can’t afford it! It’s really a shame that all these companies are losing their shops. I blame the big box stores as well as online sales. Before the only competition was wholesale sports. And their customer service was terrible.