Strong cycling growth reported by Halfords - BikeBiz

Strong cycling growth reported by Halfords

Halfords reports strong growth in cycling division.
Publish date:

Halfords has released its interim results for the 2017 financial year, with cycling outperforming the rest of the business. Cycling sales increased by 15.4 percent on a like-for-like basis, pushing the division’s revenues up 4.6 percent. Revenues for the group as a whole rose by 2.2 percent.

Wheelies and Tredz – acquired in May – increased revenues by 25 percent year-on-year.

Halfords' CEO Jill McDonald said: “The first half sales performance was strong, improving through the period, with growth across all areas of our business.

"I’m pleased with the momentum that is building as we implement our strategy. There is demonstrable progress across the plan, with more to come in the year ahead, and the benefits for colleagues and customers are starting to come through."

However, she added: "The depreciation of Sterling brings cost headwinds."

She stressed that Halfords had plans up its corporate sleeves to "mitigate the profit impact". McDonald said she remains "confident in the underlying performance of the group.”

Halfords has 460 stores, as well as 12 bike-specific Cycle Republic stores. 

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018


Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018


Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018


Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018