Sad to hear. Good LBS’ are a real asset to the local riding community.
That said, I virtually never use real bike shops. My last 3 bikes were bought direct / online, I have a decent well equipped home workshop, do all my own servicing and fitting of new parts. I buy 95% of my parts and kit online because it’s cheap(er) and easy.
I suspect many on here are the same.
How do LBS’s get money out of the likes of me?