Tag Archives: Halfords

Supply chain disruption hits Halfords’ cycling business, retailer ‘remains confident’ on long-term outlook

Halfords has announced its trading performance for the 20-week period to 20th August, with cycling down 22.8% LFL compared to FY21. “The first 20 weeks of FY22 delivered a strong trading performance against a hugely challenging backdrop,” said Graham Stapleton, chief executive officer. “Our motoring business now represents 65% of …

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Halfords donates wind tunnel facility to British Cycling

The Great Britain Cycling Team will have its own cycling wind tunnel in Manchester, courtesy of a million-pound gift from Halfords to support British Cycling’s athletes and cycling at all levels across Great Britain. The donation and relocation are a move to support British Cycling and maximise utilisation by cycling …

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Halfords sees strong demand for cycling products but says supply challenges “remain acute”

Halfords has announced its preliminary results for the 52 weeks to 2nd April 2021, with strong performance driven by share gains in motoring services, profitability improvements across the group, and share gains and strong demand in cycling. LFL sales grew 14.6%, with cycling up 54.1% LFL. There was strong cycling …

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New TfL data shows ‘record’ increases in number of people cycling in London

New data from TfL and Halfords has revealed record increases in the number of people cycling in London, with an increase of more than 200% on some weekends, while survey data from Halfords suggests bike owners are cycling more often and feel safer on the roads. TfL and Halfords launched a partnership …

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Haven teams up with Halfords to offer holidaymakers access to bikes

UK holiday company Haven has joined forces with Halfords to offer holidaymakers access to 700 bikes at 11 of its coastal parks across the UK. The retailer’s mobile mechanics will also provide regular fleet assessments and bike maintenance throughout the season. “We’ve seen that when people are getting away for …

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Halfords offering insurance to cycle customers with Cycleplan partnership

Halfords has partnered with Ripe and its specialist cycling product Cycleplan to offer insurance to all of its cycle customers for the first time.  The long-term partnership will see Halfords’ cycle customers given the option of free 14-day insurance with every bike purchase, protecting their new bike against theft and accidental damage. At …

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Halfords trialling new bike recycling scheme in Wales

Halfords has launched a new bike recycling scheme pilot at four stores across Wales. The Pre-Loved scheme, which will be evaluated before being rolled nationwide, will encourage customers to trade in pre-loved bikes for gift cards at its stores. Bikes will then be serviced and resold with a discount. Halfords …

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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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