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Tag Archives: Evans Cycles

Trendspotting 2019

It’s never been a more exciting time to get into cycling than right now. With so much choice and ever-expanding variations and niches, there’s something for everyone. So, what can we expect to see more of going through into 2019 and beyond? We’ve been polishing the crystal ball to identify …

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High Street “won’t make 2030” says Mike Ashley

Mike Ashley has called for a new tax on online retailers who make more than 20 per cent of their income online. The Sports Direct owner appeared in front of the Housing and Local Government Select Committee earlier this week, where he told MPs that the "internet is killing the …

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Evans to close stores despite “almost all” profitable

Evans Cycles is set to close stores despite "almost all" of them being profitable, The Telegraph reports. Last month it was reported that half of its UK stores could close after it was sold to Sports Direct as part of a pre-pack administration. Evans Cycles, which is owned by the …

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Spokes of Bagshot to accept Evans gift cards

Spokes of Bagshot has said it will accept Evans gift cards in its store. A post on its Facebook page said: “We were frustrated to hear that many Evans customers cannot use their gift cards since the firm went into administration. “We want to help and show you some proper …

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Evans sold to Sports Direct

Evans Cycles has been sold to Sports Direct as part of a pre-pack administration. It has been reported that as many as half of its UK stores are set to close, putting hundreds of jobs at risk. Sports Direct founder and chief executive Mike Ashley said: "We are pleased to …

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Halfords withdraws from Evans race

Halfords has pulled out of talks to rescue Evans Cycles, Sky News reports. The withdrawal paves the way for another investor to take control of the struggling chain, with JD Sports and Sports Direct reportedly showing interest. According to Sky News, Halfords ended discussions with Evans’ advisers in the last few …

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JD Sports, Sports Direct join Evans race

JD Sports Fashion and Sports Direct are competing with Halfords to take control of Evans Cycles, Sky News reports. Evans Cycles is said to need £10 million to see it through the next few months, amid difficult high street trading conditions. According to Sky News, JD Sports Fashion and Sports …

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Halfords is one of the bidders for Evans Cycles

It’s being reported by Sky News that Halfords has made an offer for the struggling Evans Cycles chain. Halfords was amongst a number of bidders that presented offers for bike chain earlier this week. Halfords has declined to comment. Evans needs find more than £10 million to see it through …

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Evans Cycles seeks new buyer amid tough trading conditions

Evans Cycles is looking for a buyer within days amid difficult High Street trading conditions, Sky News reports. Advisors to the century-old retailer have reportedly asked potential bidders to submit final takeover bids by the end of next week, escalating concerns that the business may be in financial trouble. The …

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Sales of electric bikes stem losses at Evans Cycles

Bumper sales of e-bikes are helping Evans Cycles to ride out an otherwise depressed market. The latest filed accounts for the company reveal that full-year pre-tax losses have been reduced from £5.8 million to £2.5 million in the 12 months to October 28th. The store group reported sales of £138.8 million.  …

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