As 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
As motoring and cycling specialist Halfords today issued a profit warning, it blamed a “significant drop in like-for-like revenue growth” across its retail business for a slowdown in three out of four core markets including cycling, retail motoring and consumer tyres.
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