All Halfords articles – Page 3
-
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.
-
Retail Navigator AnalysisHalfords (People)
Former Carphone Warehouse boss Graham Stapleton joined as chief executive in early 2018.
-
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 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”.
-
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.
-
NewsRising retail star Pure Electric unveils European expansion plans
E-bikes specialist Pure Electric plans a European expansion push, starting in France and Spain.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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”.
-
NewsHalfords to shutter Cycle Republic chain, 226 jobs at risk
Halfords is set to axe its specialist cycling chain Cycle Republic following a strategic review and will instead rely on etail stablemate Tredz to appeal to bike enthusiasts.
-
AnalysisNew year, new you? The retailers in need of reinvention
Many people have started the new year with a mission to reinvent themselves. Lose weight, get more organised, find a new job. Which retailers could benefit from adopting a similar approach and what could their reinventions look like?
-
NewsHalfords maintains profit guidance after ‘solid’ festive sales
Halfords has maintained its full-year profit guidance after clocking up a “solid” sales performance during the golden quarter.