Evans Cycles set to become latest victim of High Street crisis?

Mike Ashley probably can’t believe his luck. 

I’ve had generally really good customer service from my local Evans. I don’t imagine they pay well but most of the guys and girls in there are very helpful despite being understaffed. Hopefully they won’t all be made zero hours fodder under the new owner, or out of a job altogether

Well the model worked for a while, so someone presumably made some money out of this.

Rapha on the run as well.

Have Southern ponces run out of money now or have they been transferred to Frankfurt/Dublin already?

Buying the majority of the products they sell from abroad with the weakened Pound for the last two years can't have helped. And they'll be lucky if they can find a buyer willing to take a punt in the current uncertain climate.

Another sorry tale of a decent shop being taken over by PE, leveraged to the hilt on the back of a boom (in cycling), and then being unable to meet its creditors.  I hate to say it, but for the LBS this is probably a good thing....question is, who else is out there swimming with no trunks?  I guess we'll find out soon because the tide is going out. 

If you're like me then there's only so many things you can keep on buying. Bikes don't go through consumables at any great rate and I've got more jerseys than days of the week now.

Other than a groupset upgrade I can't see any reason to spend much more on my main bike and probably loads of other cyclists are the same. Once you add the prices that come with bricks and mortar retailing then count me out of most purchases. Most of the time at Evans it's a case of that looks nice until you get hold of the price tag. 

Unfortunately I walk into their stores and only walk out with a couple of gels or something smaller. I'm not their kind of customer

Their prices are too high for my pocket, compared to other online stores and I wouldn't buy a complete new bike. Nice to browse the castelli stock

However, I do buy from them online, as I shop around and sometimes they do come out on top, price wise.

Maybe that's their future, cut back on expensive under performing shops and focus more on the online.

I've always had good service from Evans and am sad to see it in trouble.

Another classic case of loading up a business with debt and expanding too aggressively.