Evans Cycles

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Alb

Interesting that Halfords (Cycle Republic) seem to still be turning a profit on the bicycle side of the business during these tough times for retail. Anyone have any insights as to what they're doing differently (Halfords and Evans normally being clubbed together)?

https://www.bike-eu.com/home/nieuws/2018/09/e-bikes-strengthen-latest-halfords-figures-10134475

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M_V in reply to @Alb

Cheaper overheads? I know Bicycle Republic are “high street” but Halfords tend to be in out of town retail parks and the like.

Also in my experience, 95% of the staff in a Halfords branch will be on min wage.

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Alb in reply to @M_V

Good point - Cycle Republic stores = 21 / Evans = 61.

That's largely comparing like-for-like (100% bicycle product offering). That said, I'd hazzard a guess that automotive sales account for the lions' share of income for the Halfords branded stores that also happen to carry some bicycle goods.

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