I love my LBS. It's a small place, but what they don't have they can get in a day or two and even if they are a few bucks higher, they often discount labor so it evens out in the long run.
I do buy my clothing on line as I'm looking for very particular items usually not available through their sources.
But I fear they are not long for this world. Located near campus (they're University Cycles), the area was largely older commercial structures. Over the last two years everything around them has been rebuilt into apartment complexes with lower level retail. They're now sitting on the only parcel on their street and the parallel street that hasn't been redeveloped. And they're just leasing the land that would now be worth much more in an alternate use. It's a two man shop and they're older than I am, so I suspect if they get displaced they may not bother relocating.