Echelon Spokes & Slopes Ltd., a Lafayette bike shop, is closing later this month as a result of the economy, its owners announced Friday.

The 5-year-old shop will conduct business as usual through April 30.

In a statement sent to the Camera, owners said two of Echelon's mechanics plan to open a new shop, Foxtrot Wheel & Edge, 766 W. Baseline Road, on May 1.