Tag Archives: Halfords

Halfords announces FY22 preliminary results with retail cycling revenue down 27.2% vs FY21

Halfords has announced its preliminary results for the financial year 2022, with group revenue against FY21 up 6% and 2% LFL. The retailer’s motoring business in retail and autocentres has shown strong growth, but cycling sales ‘stepped back’ in the context of strong comparators and supply disruption. Retail cycling revenue …

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Halfords appoints Olympic medallist Kye Whyte as first BMX ambassador 

Halfords has appointed its first BMX ambassador, Olympic silver medallist Kye Whyte.   To celebrate the partnership, Halfords-owned repair service Have Bike will be offering free bike checks and repairs for children on June 18th during the BMX National Series, which takes place at Whyte’s home track in Peckham, South London.  …

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Halfords to buy customers’ unwanted cycles in Xchange second-hand bike scheme

Halfords is today launching the Halfords Xchange, a second-hand bike scheme designed to ease the pressure on demand for new bikes and bring quality assured used bikes within reach of people on lower incomes. The company is offering customers up to £250 in exchange for their unwanted cycles. Research conducted …

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Bird brings new e-bike to UK through exclusive Halfords partnership

Micromobility company Bird has launched its new Bird Bike in the UK through an exclusive partnership with Halfords. The e-bike’s features include a 250w Bafang rear hub motor, up to 25km/h speed assist, up to 100km range, 7-speed Shimano drivetrain, integrated LED lights, and a backlit handlebar dash display. Available in …

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Halfords acquires garage chain for £62 million as it continues to focus on automotive business

Halfords has acquired a chain of garages for £62 million, as it continues to invest in the automotive side of its business.  The UK’s largest motoring and cycling retailer has bought the Axle Group, owner of the National garage chain, adding 239 tyre and 60 general services garage, and 60 …

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Halfords upgrades FY22 profit guidance to £80m-£90m

Halfords has announced its interim results for the FY22, upgrading its full year profits to £80m-£90m. The retailer saw strong revenue growth of 19.2% in H1 FY22 vs FY20, with cycling growth of 8.8% despite supply chain disruption. Sales of e-bikes, e-scooters and accessories also grew by more than 140% …

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Supply chain disruption hits Halfords’ cycling business, retailer ‘remains confident’ on long-term outlook

Halfords has announced its trading performance for the 20-week period to 20th August, with cycling down 22.8% LFL compared to FY21. “The first 20 weeks of FY22 delivered a strong trading performance against a hugely challenging backdrop,” said Graham Stapleton, chief executive officer. “Our motoring business now represents 65% of …

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Halfords donates wind tunnel facility to British Cycling

The Great Britain Cycling Team will have its own cycling wind tunnel in Manchester, courtesy of a million-pound gift from Halfords to support British Cycling’s athletes and cycling at all levels across Great Britain. The donation and relocation are a move to support British Cycling and maximise utilisation by cycling …

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Halfords sees strong demand for cycling products but says supply challenges “remain acute”

Halfords has announced its preliminary results for the 52 weeks to 2nd April 2021, with strong performance driven by share gains in motoring services, profitability improvements across the group, and share gains and strong demand in cycling. LFL sales grew 14.6%, with cycling up 54.1% LFL. There was strong cycling …

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