Performance Bicycle closing its Greater Washington stores

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The breakdown of Performance Bicycle’s parent company is bringing the bicycle retail chain to an end. Advanced Sports Enterprises Inc. filed for Chapter 11 bankruptcy in November, and all Performance Bicycle stores are currently undergoing liquidation sales, according to The News & Observer. The Chapel Hill, North Carolina-based chain has five Greater Washington stores, plus one in Columbia, Maryland. Out of the six, the stores in Vienna, Gaithersburg and Columbia have already closed. Trade...

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