All Halfords articles
Halfords is the UK's only substantial retail chain selling in four main categories – cycling, car maintenance, car enhancement and travel solutions. Category sales are split at around 70% for motoring and 30% for cycling, though cycling is a growing area as it increases in popularity in the UK. Halfords trades through around 750 eponymous stores and 22 Cycle Republic shops. The company operates in-garage servicing and auto repair through its 300-plus Autocentres and strengthened this with the acquisition of independent garage chain McConechy’s Tyre Service in late 2019. It also owns Tredz and Wheelies, having acquired the etailers in May 2016, as well as a stake in TyresOnTheDrive.com.
-
Retail Navigator AnalysisHalfords (Financials)
Halfords total sales increased 7.6% year on year to £1,712.8m for the year to 29 March 2024 (FY2023) against a restated FY2022 total of £1,591.8m. It said: “Our focus in FY24 [FY2023] has been to deliver on the areas that are within our control. We have made good progress both strategically and in further optimising the business to create a solid foundation for future growth. Business performance has, however, been impacted by continuing declines in the consumer tyres and cycling markets, and in consumer demand for big ticket purchases.”
-
NewsHalfords urges government to reform apprenticeship levy as sales and profits stall
Halfords has called on the government to urgently reform the apprenticeship levy, as sales and profits trended down in the first half.
-
NewsPeel Hunt downgrades profit forecasts for six retailers due to Budget impact
Investment bank Peel Hunt has downgraded its profit forecasts for six retailers, including struggling fast fashion player Boohoo and cycling and motoring specialist Halfords, due to the effects of changes to national insurance made in the recent Budget.
-
NewsHalfords posts flat sales as consumer outlook remains uncertain
Cycling and motoring specialist Halfords has reported flat sales for the 26 weeks ending September 2024 as “consumers remain cautious in their discretionary spending”.
-
NewsHalfords bike website had a boost in visitors after Team GB’s cycling success
Team GB’s strong cycling performance at the Paris Olympics has led to a spike in demand for bikes, according to new figures released by Halfords today.
-
News‘Soft’ start to year at Halfords as annual profits slide
Halfords said that tough trading conditions persist.
-
NewsSuperdry poaches Halfords IT boss for new role
Superdry has appointed the former Halfords IT boss as its global technology director.
-
NewsExclusive: Halfords chief operating officer to depart
Halfords chief operating officer Rob Keates is set to depart after four years at the motor specialist, Retail Week can reveal.
-
AnalysisAs Halfords warns on profits, have the wheels fallen off the cycling market?
After sales at Halfords dramatically hit the skids, Retail Week looks at why the wheels have fallen off in the motoring and cycling retail category, and what brands are doing to turn things around
-
NewsHalfords warns on profits after hits from weather and consumer confidence
Halfords has slashed earnings expectations after its main markets − cycling and motoring − were battered.
-
NewsHalfords maintains profit guidance after ‘resilient’ performance
Halfords has maintained its full-year profit guidance after a “resilient” third quarter in what the retailer said remains a “very challenging consumer environment”.
-
NewsHalfords delivers sales and profit growth despite ‘volatile trading environment’
Halfords has posted an increase in sales across its retail and autocentres categories as well as a rise in profit.
-
NewsHalfords targeted for merger by van rental firm
A reported merger bid for Halfords by van rental group Redde Northgate has been dismissed over a price disagreement.
-
NewsHalfords CEO says services division to outgrow retail business by year end
As Halfords reported strong sales driven by strong growth in its services and B2B division, chief executive Graham Stapleton says he expects the motoring specialist will sell more services than retail products for the first time by the end of this year.
-
NewsHalfords autocentres drive growth but cycling curbs retail
Halfords’ autocentres have driven growth, but a drizzly summer and low consumer confidence limited its retail sales.
-
NewsHalfords delivers sales growth despite market headwinds
Halfords has reported growth in sales and market share in the 52 weeks ending March 2023 as investments in competitive pricing and a loyalty scheme paid off.
-
NewsHalfords targets long-term growth as it hails unique platform
The motoring and cycling retailer issued a roadmap for its mid- to long-term growth as it plans to focus on “leveraging the unique platform” that differentiates it from competitors.
-
AnalysisWatch: How The Edit LDN is hiring top talent to disrupt in challenging times
Creating new, ROI-driving roles is key to becoming a disruptive force to be reckoned with, reveals a retailer that is growing revenue 500% year on year. Find out more in our virtual discussion, free and on demand
-
-
NewsHalfords issues profit warning as labour shortage bites
Halfords has adjusted its full-year profit outlook despite posting strong revenue growth over Christmas.