So my bike is not even 2 months old yet and whilst cleaning it today i noticed that the shifter outer housing is fraying.

It looks like the plastic ferrule has broken and the outer is slowly peeling back with about a third to half of the strands hanging out.

Is this something i should just call wear and tear and fix it myself or is this something i should take back to the LBS for under warranty?

The bike has never been in an accident so i am surprised to see something failing so quickly :/