All Halfords articles – Page 3
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NewsStaycation boom to drive sales through autumn, says Halfords boss
Halfords expects current performance to continue as foreign holidays look increasingly unlikely.
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NewsHalfords drives profit growth as it accelerates transformation
Halfords has reported a strong full-year performance after increased demand for categories such as cycling, partly fuelled by the pandemic.
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Retail Navigator AnalysisHalfords (Overview)
Halfords is a UK retailer which operates in cycling, car maintenance and related accessories. Recent growth has been driven by services, which now account for more than half (51%) of total revenue sales, including the Autocentres business, which the group has been scaling up through acquisitions. The retailer trades through just some 385 eponymous stores, as well as operating two performance cycling store brands trading as Tredz.
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Retail Navigator AnalysisHalfords (SWOT)
Halfords’ broad product offer helps offset any adverse effects from the economic cycle. By weighting the business more heavily towards its motoring services, it has grown the part of the business that provides more resilient, needs-based revenue streams during economic uncertainty.
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Retail Navigator AnalysisHalfords (Strategy)
Motoring and cycling specialist Halfords has accelerated its ‘to inspire and support a lifetime of motoring and cycling’ strategy, under chief executive Graham Stapleton. It has been evolving into a consumer and B2B services-led business, building its needs-based revenue streams, which has helped its resilience amid a tough economy.
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Retail Navigator AnalysisHalfords (People)
Former Carphone Warehouse boss Graham Stapleton joined as chief executive in early 2018.
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NewsHalfords to repay furlough cash as cycling sales soar
Halfords is set to pay back its furlough payments in full as trading so far this year has been “stronger than initially anticipated across the business”.
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NewsHalfords and Dunelm report strong Christmas sales uplifts
Halfords has delivered a rise in festive sales buoyed by the retailer’s “best ever Christmas week”, while Dunelm has posted an increase in Christmas sales driven by a surge in online demand.
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NewsRising retail star Pure Electric unveils European expansion plans
E-bikes specialist Pure Electric plans a European expansion push, starting in France and Spain.
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VideoWatch: Don’t let pandemic divert digital transformation, warns Halfords IT director
Retailers must remain focused on core digital transformation objectives and avoid chasing the next big tech trend or the pandemic diverting strategy, Halfords IT director Neil Holden has told Retail Week.
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AnalysisHow Halfords and Studio Retail emerged as Covid winners
From rapid pivots to reprioritising projects, two of retail’s big winners during Covid – Halfords and Studio Retail – share the secrets to their successful transformations.
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NewsHalfords profits soar in ‘very strong’ first half
Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.
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NewsHalfords raises profit expectations as sales surge
Halfords has upped its profit expectations for the half-year mark but stresses that economic uncertainty may hamper its second-half performance.
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NewsHalfords records sales acceleration but warns of ‘significant uncertainty’
Halfords has posted a surge in sales during the pandemic period driven by a spike in demand which has seen both its cycling and motoring divisions deliver growth.
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Opinion‘Retailers must seize Covid opportunity to radically restructure’
The need to transform to keep pace with consumer demands and habits is a never-ending narrative in UK retail.
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NewsHalfords to shut up to 60 stores despite surge in bike sales
Halfords has earmarked 60 of its stores for closures, accelerating its rate of planned closures following the coronavirus pandemic.
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NewsHalfords profits beat forecast despite Covid impact
Bikes and motor accessories specialist Halfords generated full-year profits ahead of guidance but remained cautious about trading conditions.
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NewsHalfords expects full-year profits at top end of range
Halfords has said it expects full-year profits for this financial year to come in at the top end of the expected range, while noting a downturn in overall group sales for the current trading period.
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NewsHalfords transfers 11 Cycle Republic stores to Pure Electric
Halfords has agreed to transfer the ownership of half of Cycle Republic stores to specialist retailer Pure Electric, saving 85 jobs.
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NewsHalfords plans for some stores to stay open during coronavirus crisis
Motor accessories specialist Halfords aims to keep some of its retail stores open to play its part in “keeping the UK moving”.