Evans Cycles blames “supply chain issues” for £22.8m loss, as 70% sale sees bike prices slashed online
Evans Cycles posted a £22.8m post-tax loss for the financial year ending April 2023, the cycling retailer blaming the “supply chain issues within the industry” for its losses spiralling from £5.3m a year earlier. Despite the headline figure about the Frasers Group-owned company, the financial report published today insisted that “management believe the company has performed strongly in the … Read more