Tag Archives: retail

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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Five new online bike retailers up and running with Cyclescheme and Citrus-Lime integration

Cyclescheme has announced that five new online bike retailers are up and running with the new integration in Citrus-Lime Cloud POS. After a successful period of beta testing with Balfe’s Bikes; Cycle Solutions, Hargroves Cycles, Pauls Cycles, Certini, and Leisure Lakes Bikes are now all able to offer their customers …

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Treasury launches consultation on BNPL regulation

Using non-regulated Buy Now Pay Later (BNPL) services can be like “slipping into quicksand”, a charity has warned, with the Treasury launching a consultation into bringing the sector under regulation. Many BNPL products are becoming increasingly popular among Gen Z’s and Millennials – it is offered widely online by fashion …

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BikeBiz Awards: Vote now for the retailer awards

Following the commencement of the voting process for the BikeBiz Awards 2021 in association with Tannus Tyres, we’ll be highlighting each and every finalist from our list of expertly-curated accolades. The final decision will be placed in the hands of those that know best – professionals that work within the …

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FCA fees ‘penalise independent businesses’

The FCA recently announced increases in its base rate fees that will have an ‘unfavourable effect’, particularly on smaller independent retailers, said the ACT. However, retail finance remains the ‘most powerful sales tool available for IBDs’, the ACT added, and correctly used these extra costs can ‘easily be negated’. Applications …

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