Autocentres boost Halford’s revenues despite slump in bike sales January 13, 2022 Halfords has reported two-year revenue growth of 13.9 per cent in its third-quarter trading update, despite softening retail demand.
Halfords fined for sending 500,000 unwanted marketing emails September 6, 2022 Halfords has been fined £30,000 after an investigation found it had sent nearly 500,000 unwanted marketing emails. The bike retailer had received complaints over emails about a government voucher scheme that gave people £50 off the cost of repairing a bike at any participating store or mechanic in England. Halfords jumped on the scheme to [...]
Halfords boss urges govt to help with labour market gap as profit guidance shrinks January 12, 2023 Halfords’ chief executive Graham Stapleton has called on the government to help fill a gap in the labour market as the group reduced its profit guidance from £60m to £50m. Stapleton said it couldn’t get “enough qualified technicians into our garages to meet demand” and that was hurting growth. According to the chief executive, the [...]
Halfords calls on government to rethink scrapping of EV grant June 16, 2022 Motoring retailer Halfords has called on the government to rethink its decision to scrap the £1,500 grant for the purchase of new electric cars. The Department for Transport (DfT) announced on Tuesday it would “refocus” the funding available away from the grant to encourage other road users, including taxis and delivery vans, to make the [...]
Halfords warns cost pressures could lead to road safety risks September 7, 2022 Halfords share price boomed more than 10 per cent on Wednesday morning, following a trading update. Halfords saw like for like sales dip 1.9 per cent compared to the year before, for the 20-week period to 19 August 2022. Sales last year benefitted from the end of the Covid lockdown in the UK. The motoring [...]
Halfords buys commercial tyre firm Lodge Tyre for £37.2m October 5, 2022 Halfords has bought commercial tyre firm Lodge Tyre for £37.2m in cash, the motoring services retailer announced today. The London-listed company will pay an initial £33.2m while a further £4m will be paid in FY25 depending on performance. “The acquisition of Lodge Tyre is yet another example of Halfords’ strategic aim of becoming a motoring [...]
Halfords inks £62m deal for automotive servicing business National December 1, 2021 Cycling and motoring services giant Halfords has acquired National, the tyre and automotive servicing business in a £62m deal. National operates under the brands National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper. The deal will mean Halfords is the largest vehicle service, maintenance and repair business in the UK and help the company [...]
Halfords upgrades profits guidance to £80-90m as autocentres drive rising revenues November 10, 2021 Halfords has upgraded its full-year profits guidance amid rising revenues for the rebounding company. The motoring and cycling retail giant £80-90m in full-year profits before tax, a hefty increase on previous estimates of £75m. The company has enjoyed a 19.2 per cent growth in revenues over the first half of the financial year. This has [...]
Halfords sales grow 18.7 per cent in two years September 8, 2021 Halfords, the UK’s leading provider of motoring and cycling products, saw year on year sales growth of 10.5 per cent despite supply chain disruption. In the first 20 weeks of the year, sales were driven predominantly by interest in motoring, which saw like for like growth of 52.1 per cent and picked up the slack [...]
Halfords goes digital with launch of separate software platform July 13, 2021 Car and bike retailer Halfords has entered the software industry by launching B2B firm Avayler, it was announced this morning. The software, which was developed for Halford’s garages, will allow users to streamline their delivery processes. It’s first customer will be American Tire Distributors (ATD), one of the largest suppliers to the replacement tire industry [...]