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Halfords

  • Halfords to shut garages amid growing cost pressures

    Retail

    Halfords is set to close some of its garages this year as it struggles with increased labour costs introduced by last year’s Autumn Budget. Shares fell nearly two per cent in early trades. The cycling and motoring specialist said the sites earmarked for disposal are not able to provide the “level of customer experience to [...]

  • Halfords: Sales jump but retailer warns tariffs could hit supply chain

    Retail

    Motoring and cycling specialist Halfords has reported an uptick in sales but warned US President Donald Trump’s tariffs could push up costs across its supply chain. The retailer and services provider told markets this morning that sales grew 2.3 per cent in the year to March 28. Its share price rose more than 13 per [...]

  • WHSmith and Inchcape lead fall in retail stocks

    Retail

    UK retail stocks have dropped in value this morning, led by a sell-off of WHSmith, Inchcape and AO World. Earlier today, tax body RSM said that price rises at UK retailers as a result of the tariffs were “inevitable”. “The tariffs announced by President Trump this week would in themselves be a blow to the [...]

  • Halfords: Customers more cautious on Autumn budget fears

    October 22, 2024

    Uncertainty around the Autumn budget is holding back consumer confidence, Halfords warned today. This morning the retailer said group like-for-like sales ticked down by 0.1 per cent in the 26 weeks to 27 September, on strong prior-year comparatives of 8.3 per cent growth plus a wet spring. The company is on track to deliver £30m [...]

  • Halfords: Shareholders voice displeasure in political donations vote

    September 9, 2024

    Shareholders in Halfords have voiced their displeasure in a vote to authorise the retailer to make political donations. More than one in ten voted against the proposal at the Redditch-headquartered group’s annual general meeting, according to a document filed with the London Stock Exchange. The 11.91 per cent in the against column comes after 4.01 [...]

  • Halfords: Profit slides as cycling and motoring retailer warns of ‘soft’ trading

    June 27, 2024

    Halfords has reported a slide in profit as the cycling and motoring retailer cut its dividend and warned of "soft" trading for the current financial year.

  • Halfords issues another profit warning as demand for cycling falls flat

    February 28, 2024

    Halfords has issued another profit warning as the cycling and motoring retailer continues to be impacted by a “weakening” demand for its goods. 

  • Halfords remains confident despite sales falling below expectations

    January 25, 2024

    Halfords has said it remains confident despite its third quarter sales falling below expectations.

  • Halfords snubs £1.4bn tie up with van hire firm which ‘undervalues’ it

    November 20, 2023

    Halfords has reportedly snubbed a £1.4bn merger offer with van hire firm Redde Northgate as it “undervalues” the motor and cycling group.  However, a potential deal may not be completely off the cards, a source told The Telegraph: “There were discussions about what an integration of the two businesses might look like, but there were [...]

  • Halfords revenues rise as consumers sniff out budget auto care

    September 6, 2023

    Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring.  The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent.  Halfords has [...]

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