Why would such a long-time successful paddlesport dealer fail? The economy in general? Decline in demand for kayaks now as well as canoes? The Genghis Khan horde of cheap rec kayaks sold from big box stores pillaging the world?
Economy, yes.
Decline in demand for canoes and higher end kayaks, yes.
Big box rec kayaks (and now Walmart paddleboards), yes.
But the fourth punch in the gut to paddlesports shops has probably been the inter-net and on-line sales.
The inter-net in part because paddlers can often find the boat of their dreams used and much cheaper than retail new, and can research gear and equipment from their couch.
As far as on-line vendors, well, I make the hour plus trip to my preferred brick and mortar outfitter (BMO) several times a year, and usually manage to drop at least $100. But I do order stuff on-line from the Top Kayaker and Austin C&K sites as well.
My couple hundred bucks a year isn’t keeping BMO is business.
I would guess BMO remains a viable business because they do everything; new boats, used boats, top notch outfitting and repairs, river trips and shuttles, and more gear and parts in stock than any other paddle shop I have seen.