All Halfords articles – Page 2
-
News
Halfords warns on profits in face of cost-of-living crisis
Halfords has downgraded its profit expectations for the full year despite a rise in sales and profits.
-
Data
Ranking: From Halfords to The Hut Group – how Covid has boosted and battered retail share prices
Two years after the UK was plunged into its first national lockdown, Retail Week analyses how the Covid crisis has impacted the valuations of Britain’s listed retailers.
-
News
Halfords and Poundland post golden-quarter growth
Halfords and Pepco, which owns Poundland, have both reported quarterly sales growth despite ongoing challenges presented by the pandemic.
-
Analysis
Who will be the retail winners and losers of 2022?
Which retailers will fly and flop in the year to come? We asked retail experts to share their tips for 2022.
-
News
Halfords acquires automotive service business National in £62m deal
Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says “cements” the chain as the UK’s largest vehicle repair business.
-
News
Boots, B&M and Halfords see early Christmas demand surge
Boots, B&M and Halfords are all seeing consumers preparing for the festive season earlier than ever, with sales in some Christmas categories outpacing pre-pandemic levels.
-
News
Halfords updates outlook as profits and sales surge
Halfords has reported strong growth in both its retail and autocentre divisions, prompting the retailer to upgrade its full-year profit forecast.
-
News
Halfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.
-
News
Halfords boss ‘positive on prospects’ as sales rise in key growth categories
Halfords has reported an uptick in sales despite the impacts of supply chain disruption during the current trading period.
-
Gallery
First look: Halfords unveils new ‘hyper local’ store and garage format
Halfords has launched a new customer service-focused store concept in Colchester connecting its autocentre and cycling offer, which boss Graham Stapleton has hailed as “the future of Halfords”.
-
News
Halfords profits rise despite ‘volatile’ year of trading
Halfords has recorded soaring profits as its B2B, services and online businesses thrived during the pandemic.
-
News
Halfords enters the B2B software market with launch of new business Avayler
Halfords has entered the B2B software market by making its service delivery software available to other companies.
-
News
Staycation boom to drive sales through autumn, says Halfords boss
Halfords expects current performance to continue as foreign holidays look increasingly unlikely.
-
News
Halfords 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.
-
Retail Navigator Analysis
Halfords (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 nearly 50% of total sales, including the autocentres business, which the group has been scaling up through acquisitions. The retailer trades through just under 400 eponymous stores, as well as operating two performance cycling store brands trading as Tredz and Giant.
-
Retail Navigator Analysis
Halfords (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.
-
Retail Navigator Analysis
Halfords (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.
-
Retail Navigator Analysis
Halfords (Financials)
Strong forward sales momentum was maintained at Halfords over the year to 31 March 2023 (FY2022), with total sales up 15.3% at £1,593.4m against a restated FY2021 total of £1,382.4m. This reflected 2.4% year-on-year like-for-like growth. At £759m, service-related sales accounted for 48% of group revenues in FY2022, driven by organic like-for-like growth, and several acquisitions.
-
News
Halfords 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”.
-
News
Halfords 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.