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Tag Archives: Halfords

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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Halfords ‘to close up to 60 sites’

Halfords has reportedly confirmed plans to close up to 60 stores and garages. The retailer is accelerating plans to withdraw from one in ten of its sites, and said it hoped to move staff to other branches, reports the Guardian, but the closures could lead to hundreds of job losses. …

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Lightrider bike lights business now for sale

The owner of Lightrider has decided to sell the company. Lightrider lights up the front torso of the rider as well as the road ahead, making sure the cyclist is always visible. Invented and designed by Tudor Davies, it has gone on to be sold in Halfords, Tesco and many …

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Halfords reports surge in cycling sales

Halfords has reported strong growth in cycling sales during the COVID-19 lockdown. Group sales for the 13 weeks to 3rd July were down 2.8% compared to last year and down 6.5% on a LFL basis, “significantly better” than anticipated in late-March, Halfords said, and an improvement on the 23% LFL …

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1.3 million UK consumers ‘bought a bike during COVID-19’

1.3 million UK consumers have bought a bike since the beginning of the COVID-19 crisis, data and analytics company GlobalData has said. “As much of the UK works from home – 51.0% of the working population in early June – consumers have saved on travel costs and many have found …

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Pure Electric opening 11 new high street stores across UK

Pure Electric is opening 11 new e-scooter and e-bike high street stores across the UK between 19th and 24th June. In April, Pure Electric announced it was taking over 11 Cycle Republic stores owned by Halfords. These stores will be reopening as part of Pure Electric’s growing network of e-mobility …

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Halfords appoints new managing director for Tredz

Halfords has appointed Rob Keates as managing director of Tredz, as well as director of transformation for Halfords Group. Tredz operates through tredz.co.uk and two retail stores, stocking over 500 brands. Keates joined the business on 15th June from O2 where he has spent the last seven years in a …

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