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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 [...]
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 [...]
TfL will today launch a partnership with British cycling retailer Halfords to encourage Londoners to safely and securely lock up their bikes and reduce the risk of theft.
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 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 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 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 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 [...]
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 [...]
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 [...]
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