A variation -
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They felt cheated that new investors are getting a share of the company at a knock-down price.
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CityCyclingEdinburgh Forum » Cycling News
The future of Evans?
(52 posts)-
Posted 5 years ago #
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This is the operation of the free market. It is pointless anyone having an opinion on this subject. The invisible hand has spoken.
Posted 5 years ago # -
Understandable. It's possible the be profitable yet a massive strain on the business. If cash outlay means that they're close to the bone every quarter/left struggling to pay VAT as the actual revenue comes too irregularly they need to minimise the exposure they have for the short term.
Assuming they're going to focus instead on their online offering which is usually fairly terrible unless you need something reasonably generic at some point tomorrow or the next day for slightly lower price than your LBS can get it.
Posted 5 years ago # -
I shop at sports direct, I buy Gelert walking boots, Karrimor outdoor jackets for a fraction of what would have cost in the 90s, but they are effectively like fakes.
I cycled down to Dumfries earlier this year to go walking with my new Gelert walking boots. They were worse than good trainers to walk in, they split in may just using them as a causal shoe after walking for 20 miles and realising no good for that. Not Patch on the real thing.
Sports directs sells what were good brands that it bought out when went bust or bought the brand and puts the brand on cheap rubbish and sells its cheap. It’s the Ratners business model. Lots of good brands of outdoor clothing is now owned by sports direct. I do buy it, I like the way they sell it, but have to remember not to confuse it with the real thing. As a rule of thumb if a brand is owned by sports direct it won’t stand up to hard use. Its fashion wear in the style of outdoor wear having no connection with the product you may already own from years ago with the same name that cost many times the price.
Still worth buying for the price, I wonder if Pinnacle bicycles will end up rubbish.
Posted 4 years ago # -
Agree that the Gelert footwear is mince, though some other products in that brand are okay. The Karrimor stuff is, by and large, still decent quality. Some of the footwear has Vibram soles for instance. Certainly not the Karrimor of old, but in the middle to upper range of the product line still some reasonable offerings. Karrimor not the only previously steadfast British outdoor gear brand to be bought over and turned into a lifestyle fashion brand: Craghoppers is another one, though not owned by SportsDirect.
Posted 4 years ago # -
I like the Vibram Extra Grip (or Super Grip) or some such branding. Got some Merrells with these at Decathlon.
They really work well in Scottish wet rocks, mud, etc.
Posted 4 years ago # -
“
The accounts set out Ashley’s retail spending spree during the year, including the purchases of House of Fraser for £90m, Evans Cycles for £8m, Jack Wills for £12.8m and a shopping park in Hertfordshire for £25.4m.
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Posted 4 years ago # -
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The group, which includes Sports Direct, House of Fraser, Flannels and Evans Cycles, said retailers needed a complete overhaul of the business rates model for the high street to survive.
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Posted 3 years ago # -
"Mike Ashley-owned Evans Cycles to axe 300 staff
Remainder of workforce to be moved on to zero-hours contracts in cost-cutting move"
https://www.theguardian.com/business/2021/mar/09/mike-ashley-owned-evans-cycles-to-axe-300-staff
Posted 3 years ago # -
Previously -
Posted 3 years ago # -
Not Evans, but another example of ’change’.
https://www.bikebiz.com/wigglecrc-to-be-acquired-by-signa-sports-united/amp/
Posted 2 years ago # -
"Yucaipa Acquisition Corporation is a special purpose acquisition company led by Ronald W. Burkle and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities."
I vaguely recall a running joke from 'The Fall And Rise Of Reginald Perrin' about some friend/colleague of C.J.'s being in "mergers and acquisitions". Or maybe I misremembered, maybe that's some eighties joke from somewhere else...
Posted 2 years ago # -
Grot - what have you come up with Jimmy? Jimmy - nothing. thinking not my line.
Posted 2 years ago # -
Also I didn’t get where I am today by tearing five pound notes into small pieces
If only Bill Drummond and Jimmy Cauty had listened to CJ they would be millionaires instead of sitting outside a container down in Muirhouse. But maybe they are happy sitting where the fifty p dentist used to be. Weather has been kind to Jimmy.
Posted 2 years ago # -
(No that’s not JCauty, don’t think he was in Ed at all.)
Posted 2 years ago # -
Also, who could forget Patrick Bateman in American Psycho, whose colleagues and acquaintances thought they heard him say he was into “mergers and acquisitions”., when he actually said “murders and executions”.
Posted 2 years ago # -
I'm not sure strengthening is how I would describe such a move. It might extend their product line but it will likely reduce the quality of customer service even further.
Posted 4 months ago # -
What, pray, is a 'dropship programme' and what does that have to do with bicycles? The only dropship I can think of is the one in Aliens (or was it Starship Troopers?) and neither of those ended well for the cargo.
Posted 4 months ago # -
At it's simplest a dropship program allows a retailer sell goods without holding stock. Once sold they then arrange for the item to be shipped directly from their supplier. Your contract remains with the company "selling the goods".
The cynic in me suspects that what Evan's are really planning will more likely resemble the amazon associates program where third parties can use the site to sell directly to you.
Posted 4 months ago #
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