Halfords goes digital with launch of separate software platform July 13, 2021 Car and bike retailer Halfords has entered the software industry by launching B2B firm Avayler, it was announced this morning. The software, which was developed for Halford’s garages, will allow users to streamline their delivery processes. It’s first customer will be American Tire Distributors (ATD), one of the largest suppliers to the replacement tire industry [...]
Halfords reports boom in cycling sales during lockdown, but faces ‘acute’ supply shortages June 17, 2021 Halfords reported a continued surge in pandemic-inspired cycling sales but warned that supply shortages were a risk to its growth projections, in its annual results this morning. The retailer, which was classed as an essential retailer and was allowed to remain open during the lockdown, reported annual profits grew by 72 per cent, rising from [...]
Halfords snaps up motoring services provider Universal Tyre for £15m March 19, 2021 British bike and car products retailer Halfords has agreed to buy motoring services provider Universal Tyre and Autocentres for £15m. Universal Tyre, based in South East England, operates from 20 sites and 89 commercial vans, specialising in tyre services and car maintenance. Halfords is targeting having over 550 garages in the UK, with the Universal [...]
Halfords on track for £100m profit as cycling division keeps the wheels turning March 1, 2021 Halfords this morning said that it was on track to post full year profit of £90m to £100m as a pandemic-inspired cycling boom continued. That’s after paying back £10.7m in furlough income, as the firm announced that it would do this morning. The firm’s shares rose 17 per cent on the back of the announcement. [...]
Pandemic cycling boom drives growth at Halfords January 14, 2021 Halfords saw sales growth of nearly 12 per cent in the third quarter, boosted by a pandemic-driven rise in cycling. Growth in Halford’s cycling department jumped more than 35 per cent in the third quarter, boosted by a surge in sales for cycling products, e-bikes and e-scooters. The firm’s performance cycling business Tredz grew more [...]
Halfords doubles profit after lockdown cycling boom November 18, 2020 Retailer Halfords more than doubled its profit in the first half of the year after capitalising on the lockdown cycling boom. The FTSE 250 firm, which sells motoring and cycling products, reported pre-tax profit of £56m in the six months to 2 October, up from £25.9m in the same period last year. There has been [...]
TfL launches new scheme to curb London bike theft November 10, 2020 TfL will today launch a partnership with British cycling retailer Halfords to encourage Londoners to safely and securely lock up their bikes and reduce the risk of theft.
Halfords shares surge a fifth as wheels keep turning October 1, 2020 Shares in Halfords jumped over 20 per cent this morning as the firm said that the continuing numbers of new people taking to two wheels meant its half year profit would be higher than previously forecast. The FTSE 250 firm, which sells motoring and cycling products and services, said that profit was now expected to [...]
Halfords warns of profit fall despite cycling boom September 8, 2020 Halfords today said booming demand for cycling products had boosted revenue during the coronavirus outbreak but warned of a fall in profit for the second half of the year. The car parts retailer reported a five per cent rise in like-for-like revenue in the 20-weeks to 21 August. This was driven by a sharp rise [...]
Halfords reports cycling sales surge during UK coronavirus lockdown July 7, 2020 Halfords reported a jump in cycling sales during the UK coronavirus lockdown as Brits avoided public transport, however the boost was offset by a sharp drop in motoring sales, the retailer said this morning. Halfords, which was classed as an essential retailer and was allowed to remain open during the lockdown, said overall group sales [...]