Halfords shares surge a fifth as wheels keep turning October 1, 2020 Shares in Halfords jumped over 20 per cent this morning as the firm said that the continuing numbers of new people taking to two wheels meant its half year profit would be higher than previously forecast. The FTSE 250 firm, which sells motoring and cycling products and services, said that profit was now expected to [...]
Halfords warns of profit fall despite cycling boom September 8, 2020 Halfords today said booming demand for cycling products had boosted revenue during the coronavirus outbreak but warned of a fall in profit for the second half of the year. The car parts retailer reported a five per cent rise in like-for-like revenue in the 20-weeks to 21 August. This was driven by a sharp rise [...]
Halfords reports cycling sales surge during UK coronavirus lockdown July 7, 2020 Halfords reported a jump in cycling sales during the UK coronavirus lockdown as Brits avoided public transport, however the boost was offset by a sharp drop in motoring sales, the retailer said this morning. Halfords, which was classed as an essential retailer and was allowed to remain open during the lockdown, said overall group sales [...]
Halfords to reopen 53 stores after Covid-19 lockdown May 27, 2020 Halfords today said it will reopen 53 stores across the UK after it was forced to close down its physical operations due to the coronavirus crisis. The bicycle and car parts retailer was granted essential retailer status following the lockdown, meaning it was able to keep 335 of its 446 stores open. However, these operated [...]
Halfords’ sales pedal down amid political uncertainty hitting consumers September 4, 2019 Halfords has warned that its summer sales were weaker than hoped after the bicycle and car maintenance retailer suffered from poor weather and a lack of consumer confidence. The company said it expects “political and economic uncertainty” to hit customers’ spending habits for the rest of the year. Shares fell 2.6 per cent in morning [...]
Profit falls steeply at Halfords in face of ‘fragile’ consumer confidence May 21, 2019 Halfords said profit before tax fell 24 per cent in 2019 to £51m. The figures The company said revenue remained broadly flat on £1.138bn, but profit fell sharply. It said underlying profit before tax fell 17.9 per cent to £58.8m, with underlying basic earnings per share down 17.2 per cent on 24.5p. Read more: Halfords share [...]
Bike crash: Halfords share price plummets as mild weather and consumer confidence hit profits January 10, 2019 Shares in Halford have dropped through the floor as the company said mild weather and weak consumer confidence were set to hit its bottom line. The bikes and car parts seller said it was reducing expected profit before tax of between £58m and £62m, far down from November estimates that profit would be broadly in [...]
Major retailers ‘may be breaking data protection rules’ with e-receipt marketing December 11, 2018 Several major retailers may be breaking laws around data protection by sending unsolicited marketing to customers in e-receipts, according to consumer body Which. An investigation found several major high street retailers sent customers promotional marketing of other products within e-receipts. The unwanted adverts suggest the retailers may be in contravention of data protection laws brought in [...]
Clipper Logistics delivers double-digit growth on back of new contracts December 6, 2018 Clipper Logistics struck an upbeat tone this morning after posting double-digit growth in the six months to October, having secured a number of major contracts amid the continued rise in demand for click-and-collect services. The figures In the six months to the end of October group revenue reached £227.9m, climbing 14.1 per cent when compared with [...]
Evans Cycles set for closures in spite of ‘profit’ November 18, 2018 Sports Direct owner Mike Ashley is set to close a swathe of Evans Cycles stores in spite of recent suggestions that most of its outlets turn a profit. The retail magnate has warned that he might only be able to keep half of Evans Cycles stores open in the future “in order to save the [...]