Evans Cycles is looking to restructure the business amid falling profits

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Ross
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Evans Cycles is looking to restructure the business amid falling profits

Postby Ross » Sat Sep 08, 2018 8:35 am

https://www.bikebiz.com/business/evans-in-cash-talks

The owner of Evans Cycles is looking to restructure the business amid falling profits at the 60-store chain. ECI Partners is seeking £10 million to keep the business afloat, reports Sky News.

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MichaelB
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Re: Evans Cycles is looking to restructure the business amid falling profits

Postby MichaelB » Mon Sep 10, 2018 11:02 am

Will be interesting to see what happens.

Used to use Evans a bit, but seems that more of their stuff is 'not shipped to Aus', so haven't bought from them for a while

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jaseyjase
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Re: Evans Cycles is looking to restructure the business amid falling profits

Postby jaseyjase » Mon Sep 10, 2018 11:24 am

MichaelB wrote:Will be interesting to see what happens.

Used to use Evans a bit, but seems that more of their stuff is 'not shipped to Aus', so haven't bought from them for a while


Probably dosnt help that stopped shipping to Aus from the 14th of June!

i used them, mainly because at times they stocked brands/parts that other retailers didnt.

nezumi
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Re: Evans Cycles is looking to restructure the business amid falling profits

Postby nezumi » Mon Sep 10, 2018 7:50 pm

Clearly this is all the result of the loss of the Aus market. They should adjust their systems to collect GST, and then they'd be fine! :P
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AUbicycles
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Re: Evans Cycles is looking to restructure the business amid falling profits

Postby AUbicycles » Fri Sep 14, 2018 5:57 am

They missed the chance to be a serious player on the Australian market. Having physical retailers affects the focus and it is fair that 'profits alone' shouldn't be the sole motivator. Shipping to Australia is a solvable problem for a big business and I think new opportunities for Australian customers are with smaller business that don't reach the threshold.

But the law also came at a time when Australian online business was being competitive anyway.

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