Halfords reports increased sales - BikeBiz

Halfords reports increased sales

The six month results to 30th September 2000 for the Boots Group were released today. Halfords saw sales increase by 5.4 percent to £254.5m. Sales of bikes increased 13 percent.
Author:
Publish date:

Heres the Halfords information contained in todays half yearly company report.


* Sales up 5.4% to £254.5 million, 5.2% on a like for like basis

* Operating profit £15.6 million (last year £20.7 million). Underlying profit before strategic investments up 7.8%

* 33 Midlands area stores converted to new format [Bikehut] and now achieving significant sales increases

Footfall has increased; average transaction values have risen; a net eight new stores were opened but sales in the Midlands area stores were depressed during conversion to the new format. The 5.2% like for like sales growth excludes the new format stores that are already outperforming the remainder of the chain.

Audio and in-car product sales increased by over 25% and cycles by more than 13%, significantly out-performing the respective markets. GT, one of the world's biggest brands in premium cycles, is sold in all superstores and Halfords is now GT's largest retail customer worldwide.

Own brand merchandise accounts for over 47% of total sales. This figure is not expected to increase significantly as Halfords implements its strategy of appealing more to customers with specialist interests through range extensions in the new format stores.

Featured Jobs

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK I Salary TBC Depending on level of experience I Date published Tuesday 31st July 2018

bespoke biking promo

Bike Project Manager

Bespoke Biking CIC I The Bike Hub Winchester I Salary: £20-25k DOE I Date Published Tuesday 24th July 2018

Canyon_Logo

Technical Service Mechanic

Canyon Bicycles UK Ltd I Kingston upon Thames I Competitive Salary I Date Published Monday 6th August 2018

webuycycle promo

Business Manager

Bikeworks Derby/Webuycycle I Derby I Salary: Competitive but Negotiable DOE I Date Published Wednesday 15th August 2018

giant promo

Credit Controller

Giant Bicycles I Leicester I Salary: Competitive Salary Experience Depending I Date Published Wednesday 8th August 2018