They talk about the changing values of their customers, saying that younger people these days (under 40) simply aren’t as interested in two-channel systems as they used to be. As far as the mid- to hi-end market, I wonder if that’s really the problem that dealers are facing.
After reading dozens of comments on this thread, the phrase "late 70s/early 80s" keeps popping up. It would be safe for me to assume that the average age of most on this forum is skewed into Baby Boomer territory. I believe this is the TRUE issue, not "tire kickers" or "time suckers" or any other pejorative term for prospective customers. With that said, there is a generational disconnect with the preferences of those in the "under 40" crowd. As I'm on the cusp of that demographic, I know for certain that a solid majority of those in that age group don't have a clue what high end audio is about nor do they express interest in it (even after having listened to it). Most of them prefer PORTABLE electronics; this is where I see the future of high end audio. Several dealers in my area are catering to this market with Audeze, Focal, Hifiman, etc., as most of those so inclined in audio do not have the space for big speakers and racks of gear and are underwater in so much student debt to where it's not affordable. Portable/headphone audio can be had with an outlay of several thousand for the high end brands. This should become more a focus for most dealers if they want to stay alive. The older audiophiles cannot be around forever and things change.
Also, it would make more business sense to reserve one or two days a week for "appointment only" or on-site customer calls and the rest of the week for standard operating hours. A LOT of younger people have no idea these places exist because they're not accessible (and we're talking about younger people with money to spend). Boost the visibility and lose the "snob" factor because multi-millionaire clients are not guaranteed.
I'm a firm believer in going to a shop to demo the product you're interested in buying - you MUST hear what it sounds like - especially with headphones. I understand the direct sales model but how many times am I going to buy heavy speakers and send them back because the sound doesn't match the review hype? I've been burned before with that and I want to audition the gear in 3-D, not read about it or watch a video. I've been in the audio hobby for over 30 years and you still need to LISTEN to this gear before parting with $100 or $100,000.