Tag Archives: Halfords

Latest batch of Fix Your Bike Vouchers released

The third batch of Fix Your Bike vouchers is now available. The Government has released 150,000 on this occasion. “The scheme is open to anyone in England who has an unused cycle in need of a repair,” said the website. “However, as there are a limited number of vouchers available, …

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Halfords to repay £10.7 million of furlough income as sales grow

Halfords has updated the market on its recent trading performance, with full year profit before tax expected to be within the range of £90 million-£100 million. The board has therefore taken the decision to repay in full £10.7 million of furlough income received, and the profit range is after this …

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UK cycling market ‘sees 4% monthly growth since start of first lockdown’

The UK cycling market has grown by an average of around 4% each month since the beginning of the first lockdown last year, Halfords has said. Prior to the pandemic, there were 0.42 bikes per head of population in the UK. The figure for the Netherlands is 1.35 bikes per …

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Halfords sees cycling growth of 35% with continued strength in e-mobility

Halfords has reported cycling LFL growth of 35.4% in its Q3 trading update, covering the 13 weeks to 1st January 2021. This was driven by continued strength in adult mechanical, e-bikes and e-scooters, despite global container shortages and port congestion impacting availability. The retailer’s performance cycling business Tredz continued to …

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Halfords sees strong cycling revenue growth in H1 as e-mobility rises 184%

Halfords has reported strong cycling revenue growth through H1, finishing at 54.4% LFL. E-mobility rose by 184% and cycle services 24%, the retailer announced in its interim results for the 26 weeks to 2nd October. The retailer saw group revenue growth of 9.6% and profit before tax of £56 million. …

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TfL and Mayor partner with Halfords to tackle bike theft

Transport for London (TfL) has launched a new collaboration with Halfords to encourage Londoners to safely and securely lock up their bikes and reduce the risk of theft. From today, everyone who completes TfL’s online Cycle Skills course will receive 15% off Halfords’ own brand locks, as well as lights …

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Halfords forecasts H1 pre-tax profits of £55 million as cycling momentum continues

Halfords has reported continued growth in cycling, up 46% like-for-like in the five-week period to 25th September. H1 profit before tax is expected to be in excess of £55 million, as a result of the momentum in cycling and motoring products and services. The retailer’s 20-week trading update on 8th …

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Halfords sees electric bike and scooter sales up 230%

Halfords has released its trading update for the 20-week period to 21st August, with cycling like-for-like revenue up 59.1%. There was growth across all product categories, the retailer said, with an increase of 76% in Halfords’ performance cycling business, Tredz. Sales of new products were up 114% in the period, …

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Halfords sees turbo trainer sales increase by 500%

Halfords has reported a 500% increase in sales of turbo trainers since lockdown began. During the first week of lockdown, the retailer sold 15 times the number of turbo trainers compared to the same time period last year, a 1,500% increase YOY. With stock in high demand, Halfords has now …

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