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23 Oct 2023

The International Longevity Centre has released new guides to show the steps retailers need to take to make their shops more accessible for the elderly.

23 Oct 2023

Family-run Bristol sandwich shop Sandwich Sandwich has been named best in the UK at the UberEats awards.

23 Oct 2023

Convenience stores are set to be part of a testing programme for the UK’s first digital proof of age card.

23 Oct 2023

“Game-changing” facial recognition technology is targeting prolific retail criminals, including shoplifters.

10 Oct 2023

British Independent Retail Association (Bira) acknowledges the Government's investment in towns across the UK.
 

9 Oct 2023

Policing minister Chris Philp has encouraged shop workers to make ‘citizen’s arrests’ on shoplifters, a message branded as ‘dangerous and irresponsible’  by...

9 Oct 2023

A group of independent traders in Budleigh Salterton have started a campaign to attract more shoppers.

9 Oct 2023

New research from Square and Clearpay indicates consumer confidence is rising, with 72% of consumers planning to spend more or the same this coming holiday season compared to last year,...

9 Oct 2023

Miriam Margolyes, Richard Armitage and Tomi Oyemakinde will be among the authors headlining events at this year’s Bookshop Day taking place this Saturday 14th October.

4 Oct 2023

Shop owners have called on the Home Secretary to specifically outlaw attacks on retail workers.

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50% of Evans Cycles stores set to close

Posted on in Business News , Cycles News

Evans Cycles was sold to Sports Direct last month.

Despite almost all of the Evans Cycles stores being profitable, it is reported that it is set to close.

Evans Cycles has 62 shops and employs 1,300 people but Sports Direct has said that only half of its stores can be kept open. Mike Ashley has cut hundreds of Evans Cycles jobs against the advice from the chain's administrator.

According to The Telegraph, a proposal document revealed that PricewaterhouseCoopers (PwC) concluded that, "almost all the stores were profitable" but the company was "burdened" by fixed costs at its head office.

 

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