News
Halfords reports sales growth
Carlton Reid Oct 4 2007, 10:00am
The first half of 2007 saw an 8.5 percent sales uplift for the chain
Sales at Halfords for the 26 weeks to September 28th increased by 8.5 percent over the equivalent period in 2006 and like-for-like sales increased by 5.5 percent.
Gross profit percentage remains in line with expectation, reflecting balanced sales growth across all core categories and ongoing sourcing benefits, said CEO Ian McLeod.
"Our sales and service strategy, particularly in cycling and camping, has delivered an improvement in like-for-like sales growth against strong comparatives last year. This result continues to demonstrate both Halfords' resilience and its defensive qualities, underpinning our confidence for the second half."
