Bicycle shop Ten 27 Cycles will close its doors after more than 40 years at 1027 Davis St. in Evanston.
The store, which for most of its life was known as Turin Cycles, today started a storewide clearance sale.
“Unfortunately, several factors have made this closure necessary,” said owner Chris Mailing. “The name change we executed last spring has not gone as planned. In the context of a soft economy, the expense and difficulties of that name change have been too great to bear."
"We sincerely regret disappointing our loyal customers. That our store has served the cycling community for so long is a testament to our devoted staff and the enthusiasm of our customers,” Mailing added.
All merchandise is now discounted 15 to 40 percent, with additional deep markdowns to be taken on any remaining items over the next few weeks. In addition, quantity discounts on any purchase of three or more items will be offered, but for a limited time. The sale will continue until everything is sold.
Gift cards and store credits will be honored through the sale. All sales will be final. Store hours are Monday through Thursday 11 a.m. to 7 p.m., Friday 11 a.m. to 6 p.m., Saturday 10 a.m. to 6 p.m. and Sunday noon to 5 p.m.
More information is available on the store's website.