There aren't many signs of collapse here in my neck of the oods. The largest local shop is actually a local chain. The flagship store was just as crowded as it ever is in when I was in there right before Christmas. The local Performance was hopping as well.
The one shop I have concern for is a much smaller shop. Heck, the service and parts area of the largest store I go to is bigger than this entire shop. The main line of bikes is Fuji, and he has centerd the inventory from $1200 down, but has a limited chioce of the Teams and such, He also has BMX, Hybids, and MTB's. He does an awful lot of business with the police department and has a faithful "bike cop" following though. He is best known for service and being very reasonably priced for his service. I try and buy from him when ever possible for parts and accessories. His is the place where you can go and hang out and talk bikes with the owner and the wrench and spend an afternoon.