Halfords offers Northern line commuters e-bike loans amid 17-week Bank branch closure NORTHERN LINE Cycling and motoring services giant Halfords is offering Northern line commuters free e-bike loans, as workers face a 17-week line closure. Commuters with an Oyster Card or season ticket are eligible for a free e-bike for up to a week at a time, offered on a first come, first served basis. Halfords has invited commuters [...]
Halfords boss urges government to do more to address skills gap as shortage of mechanics starts to bite Digital skills gap A shortage of specialist mechanics is interfering with Halfords’ agenda to rapidly grow the number of electric cars on Britain’s roads to such an extent that the boss of the company has called on government to do more. Graham Stapleton, chief executive of the retailer and motoring services business, said he is “very concerned” that [...]
Halfords inks £62m deal for automotive servicing business National HALFORDS DEAL 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 [...]
Jerry can sales surge at Halfords as fuel panic buying grips the UK September 27, 2021 Jerry can sales surged an eyewatering 1,656 per cent at Halfords this weekend, as panic buying gripped the UK when news of a fuel shortage hit the streets. With a trickling supply of HGV drivers in the country, fuel forecourts have been reporting a reduced supply of petrol and diesel, which has led to cars [...]
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 [...]
Halfords reports boom in cycling sales during lockdown, but faces ‘acute’ supply shortages June 17, 2021 Halfords reported a continued surge in pandemic-inspired cycling sales but warned that supply shortages were a risk to its growth projections, in its annual results this morning. The retailer, which was classed as an essential retailer and was allowed to remain open during the lockdown, reported annual profits grew by 72 per cent, rising from [...]
Halfords snaps up motoring services provider Universal Tyre for £15m March 19, 2021 British bike and car products retailer Halfords has agreed to buy motoring services provider Universal Tyre and Autocentres for £15m. Universal Tyre, based in South East England, operates from 20 sites and 89 commercial vans, specialising in tyre services and car maintenance. Halfords is targeting having over 550 garages in the UK, with the Universal [...]
Halfords on track for £100m profit as cycling division keeps the wheels turning March 1, 2021 Halfords this morning said that it was on track to post full year profit of £90m to £100m as a pandemic-inspired cycling boom continued. That’s after paying back £10.7m in furlough income, as the firm announced that it would do this morning. The firm’s shares rose 17 per cent on the back of the announcement. [...]
Pandemic cycling boom drives growth at Halfords January 14, 2021 Halfords saw sales growth of nearly 12 per cent in the third quarter, boosted by a pandemic-driven rise in cycling. Growth in Halford’s cycling department jumped more than 35 per cent in the third quarter, boosted by a surge in sales for cycling products, e-bikes and e-scooters. The firm’s performance cycling business Tredz grew more [...]
Halfords doubles profit after lockdown cycling boom November 18, 2020 Retailer Halfords more than doubled its profit in the first half of the year after capitalising on the lockdown cycling boom. The FTSE 250 firm, which sells motoring and cycling products, reported pre-tax profit of £56m in the six months to 2 October, up from £25.9m in the same period last year. There has been [...]