Halfords CEO says services division to outgrow retail business by year end

Graham Stapleton

As Halfords reported strong sales driven by strong growth in its services and B2B division, chief executive Graham Stapleton says he expects the motoring specialist will sell more services than retail products for the first time by the end of this year. 

In a trading update for the 20 weeks to August, Halfords saw a 14.1% growth in sales with the services and B2B division accounting for 48% of the total revenue. 

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