Could it be that a lot of lucky boys and girls will be getting bikes for Christmas?
Halfords' board could be breathing a sigh of relief as it announces its maiden interim results. The car accessories to bicycles retailer recorded a like-for-like sales increase of 10.6 per cent in the 26 weeks to October 1.

Pre-tax profit was up a staggering 170 per cent to£26.5 million. Turnover was up 12 per cent to£322.7 million.

Unsurprisingly, Halfords Group chief executive David Hamid said: 'I am very pleased with Halfords' first set of results since the company's successful IPO in June. Turnover in the six week period to November 12 is in line with our expectations and we remain confident about future prospects for the company.'

The retailer said it would continue to develop in-store services as a way of distancing itself from rivals. The main focus of this strategy will be to expand the 'We'll Fit It' service to other stores. The service enables customers to have entertainment systems and car phones fitted on-site.

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