Like-for-likes up 6.1 per cent
Car parts and cycles retailer Halfords has posted a 6.1 per cent rise in like-for-like sales for the year to March 31.

The group is expecting full-year pre-tax profits of£77 million, according to a trading update issued today. Overall sales increased by 8.4 per cent.

In a statement, the group said its strength in the in-car technology sector has continued to drive sales in car enhancement products. Car maintenance sales also continued to perform well.

Successful re-launches of the Apollo and Carrera cycle ranges have increased the market share of the company's Bikenut brand.

Halfords chief executive Ian McLeod said: 'Halfords' focus on driving sales and cash margin has enabled us to continue to trade well against the backdrop of a difficult retail environment. Our store investment programme remains on track, while trading has benefited from a strong core business and successful moves into new product areas.'

Eighteen stores were opened last year in the super-mezzanine format, enabling more effective marketing of different categories. Plans to build on the success of in-car technology will be announced alongside the preliminary results on June 8.

McLeod said he remains 'cautiously optimistic and expects further development and further growth over the coming year'.

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