Evans Cycles
This coverage explores Evans Cycles’ operations, strategy, and market role within the UK retail and cycling sectors. Reporting highlights store developments, e-commerce performance, ownership changes, marketing campaigns, and challenges in meeting consumer demand. Tailored for retail executives, brand managers, and operations leaders, the content provides insights into how Evans Cycles adapts to competitive pressures and evolving consumer preferences.
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Jan- 2019 -29 JanuaryEconomy
Mike Ashley faces fine for late account filing of Mash Holdings
Mash Holdings, a company run by Sports Direct owner Mike Ashley, could be facing a fine as its accounts filings are six months late. The company’s filings were expected on the 23 July 2018 and have currently still not been submitted according to BBC news. As such the company could…
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23 JanuaryDepartment Stores
Sports Direct saves House of Fraser Intu stores
Four House of Fraser stores in Intu shopping centres have been saved from closure, avoiding the loss of more than 1,000 jobs. The Lakeside, Metrocentre, Norwich, and Nottingham stores were at risk of closing after Sports Direct was unable to reach an agreement with Intu Properties landlords. In November, Sports…
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21 JanuaryHigh Street
Mike Ashley among bidders eyeing HMV
According to reports, Sports Direct owner Mike Ashley is among bidders seeking to purchase HMV, which recently announced its second administration in six years. The music and film retailer officially fell into administration during the festive period, and was denied a £3.35m government tax cut before it entered administration according…
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Dec- 2018 -13 DecemberHigh Street
HoF acquisition dents Sports Direct profits
Sports Direct has reported a 27% fall in profits for the half-year period ending 28 October as it counts the cost of its acquisition of embattled department store chain House of Fraser. During the period, the company that also owns USC, Flannels, and Evans Cycles reported underlying profit before tax…
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Nov- 2018 -26 NovemberShopping Centres
Mike Ashley vows to pull 17 stores from Intu Properties
Sports Direct owner Mike Ashley has vowed to close all his stores located in Intu shopping centres following a rent row over four House of Fraser stores. The move will see Ashley shut 17 stores — a mix of Sports Direct, House of Fraser, Flannels, USC and Evans Cycles…
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19 NovemberHigh Street
Evans Cycles to close stores despite ‘almost all profitable’
Evans Cycles is set for store closures despite a recent administrators proposals document by accountancy firm PricewaterhouseCoopers (PwC) claiming “almost all the stores were profitable”. In the document, PwC found that the company’s financial woes mainly stemmed from being “burdened” by costs at its head office. Last month it was…
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Oct- 2018 -30 OctoberClothing & Shoes
Sports Direct to rescue Evans Cycles with half of its stores to shutter
Sports Direct is to rescue Evans Cycles after it fell into administration on 7 September, with owner Mike Ashley saying the retailer will have to shutter half of its stores to save the business. The closures would result in hundreds of job losses with Evans Cycles, which has been running…
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