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  • From Sky News today:

    Evans Cycles is reported to be planning talks with its lenders about an overhaul of its financing arrangements following a slowdown in bicycle sales. Evans was bought by private equity firm ECI Partners a year ago, but poor weather and stiff competition has impacted the UK bicycle market, with rival Halfords recently reporting like-for-like bike sales declining by 4pc in the 13 weeks to July 1. Sources close to Evans dismissed suggestions it was "in trouble," saying it was trading ahead of the market, and would outperform rivals in the medium term, boosted by its high street presence and investment in online operations.

  • If they are so are Halfords. I'd be interested to know if independent bike shops are experiencing a slow down. Very much not the case at my LBS - they can barely cope with all their customers - but they are very good so perhaps not typical.

    I suspect the market is maturing and even more recent converts to cycling are going for fancier bikes from independents or custom options and this might be why Evans et al are suffering. But I have no evidence for that.

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