// Halfords will transfer 11 Cycle Republic stores to electric scooter retailer Pure Electric
// The transfer will save 85 jobs
Halfords has secured a new owner for 11 of its Cycle Republic stores as the retailer seeks to offload its performance cycling businesses.
The deal will see the transfer of 11 stores that were previously slated for closure to electric scooter retailer Pure Electric, saving 85 jobs.
Cycle Republic stores in cities including Birmingham, Bristol, Edinburgh and Manchester will remain open as Pure Electric stores as a result of the transfer, with the retailer’s remaining 11 stores that are not included in the deal to be shuttered.
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Last month, Halfords revealed its plans to close down its Cycle Republic chain in a bid “to focus its resources and investment in the performance cycling market through the Tredz brand, which has a differentiated and specialist customer proposition”.
At the time, 226 jobs were put at risk.
“Our key priority throughout this process is to mitigate as many redundancies as possible,” Halfords chief executive Graham Stapleton said.
“Not only does this agreement safeguard the employment of 85 of our Cycle Republic colleagues, but it is helping to secure the future of a number of retail sites across the country.
“We will continue to do everything that we can to redeploy other colleagues who are impacted by our proposal elsewhere within our business.”