Frasers Group-owned bicycle retailer Evans Cycles is reportedly planning to cut more than 300 jobs and switch hundreds more staff to zero-hour contracts as the group looks to cut costs. In a document sent to staff, and seen by The Guardian, Evans Cycles said it intends to cut up to half of the workforce in many of its stores, from 813 to 475....
Mar 10, 2021
Sports Direct boss Mike Ashley has said he is “deeply apologetic” for his company’s earlier efforts to keep stores open amid the country’s lockdown and has offered to help the NHS during the pandemic. On Monday evening, prime minister Boris Johnson announced the immediate closure of all ‘non-essential’ stores across the country - including...
Mar 27, 2020
Cycling clothing, accessories and equipment brand Evans Cycles is set to close three more stores this month, bringing the total number of closures to eight since the chain was bought by Sports Direct. That number is relatively low considering that shortly after Sports Direct bought the chain out of administration for 8 million pounds (10.2...
Mar 12, 2019
Sports Direct owner Mike Ashley has announced the closure of half of Evans Cycles’ stores despite being told by administrators that “almost all the stores were profitable”. Ashley was told by administrator PwC that Evans Cycles stores were profitable but that fixed costs at the head office were a “burden”, The Telegraph reports. The announcement...
Nov 19, 2018
Sports Direct has announced it has paid 8 million pounds (10.2 million US dollars) to buy British retailer Evans Cycles after it fell into administration. Commenting on the Wednesday announcement in a statement, Sports Direct boss Mike Ashley said: “We are pleased to have rescued the Evans Cycles brand. However, in order to save the business we...
Nov 1, 2018
