Three years ago there were 6 fly shops in Boise. Today there are two (plus a Cabelas, but it certainly isn't a fly shop and I seriously doubt it has had much of an impact on the fly shops that closed).

I'm sure the economy has impacted the industry as a whole along with guide bookings, lodge bookings, and new equipment purchases. I personally don't buy that much anymore because I've got all the rods/reels I need and let's face it, the newer and better advertisements from Sage, Ross, Abel, Winston, etc are just schtick to sell new equipment.