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Bristol Post
Bristol Post
Entertainment
Robin Murray

DW Sports in Bristol's Cabot Circus closed after retailer enters administration

A major sport shop in Bristol city centre has closed after the company which operated it entered administration.

Sports retailer and gym group DW Sports warned it was on the brink of administration in August, placing 1,700 jobs at risk.

The company blamed a "challenging" quarter as it revealed there would be widespread store closures across the UK with immediate effect.

In the weeks after the announcement the shutters of the retailer's Cabot Circus branch went down and have not been brought back up since.

Although a notice in the window states the store is "temporarily closed" and Google lists it as "open", there will surely be concerns it will not be reopening.

DW Sports, which was founded by former Wigan Athletic owner Dave Whelan, operated 73 gyms and 75 retail sites across the UK but announced plans to shut 25 of its stores in July.

DW Sports in Cabot Circus (Bristol Live)

In August the company said it would wind down its retail business for good, with its website ceasing trading with immediate effect and closing-down sales starting at its 50 remaining stores.

The group stressed that Fitness First, which is a sister company of DW, would continue to operate as a separate company and its 43 clubs would be unaffected by the administration.

A sign in the window says the store is "temporarily closed" (Bristol Live)

Speaking in August, DW Sports chief executive Martin Long said: "As a consequence of Covid-19, we found ourselves in a position where we were mandated by Government to close down both our retail store portfolio and our gym chain in its entirety for a protracted period, leaving us with a high fixed-cost base and zero income.

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"Like many other retail businesses, the consequences of this extremely challenging operating market have created inevitable profitability issues for DW Sports.

"The decision to appoint administrators has not been taken lightly but will give us the best chance to protect viable parts of the business, return them to profitability, and secure as many jobs as possible.

"It is a difficult model for any business to manage through without long-term damage, and with the limited support which we have been able to gain.

"Having exhausted all other available options for the business, we firmly believe that this process can be a platform to restructure the business and preserve many of our gyms for our members, and also protect the maximum number of jobs possible for our team members."

Bristol Live has contacted DW Sports and Cabot Circus for comment and is awaiting a response.

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