Skip navigation

Gloucestershire Business News

Two wheels good for Halfords to help sales figures

Britain's biggest bike retailer Halfords has reported a jump in cycling sales during lockdown as people avoided public transport, but the boost was offset by a sharp fall in motoring sales.

The retailer, which has stores in Cheltenham, Gloucester, Tewkesbury, Cirencester and Stroud, was classed as essential and allowed to stay open during lockdown.

It has seen full-year profits rise ahead of guidance, but has still felt the impact of Covid-19, as reported by Retail Gazette.

Overall group sales in the 13 weeks to July 3 were down 2.8 per cent on the same period last year. Like-for-like sales fell 6.5 per cent and underlying pre-tax profit was down 4.9 per cent at £55.9 million, which was better than anticipated in the light of the coronavirus pandemic. Sales were boosted by a 200 per cent rise in online shopping.

Like-for-like motoring sales were down 45.4 per cent, reflecting the significant fall in car journeys across the UK.

As the UK gets back to work and people start using their cars regularly again, Halfords is seeing increased demand for its motoring services and products.

Related Articles

REVEALED: Council scheme millions over budget Image

REVEALED: Council scheme millions over budget

Council says it is still committed to regeneration project despite cost increases. 

Tiers of financial pain for Forest Green Rovers Image

Tiers of financial pain for Forest Green Rovers

With relegation now reality, what's the business cost?

EXCLUSIVE: Take me to church? Agent markets a medieval gem Image

EXCLUSIVE: Take me to church? Agent markets a medieval gem

But questions remain over planning status.

Change at the top in Forest council Image

Change at the top in Forest council

Top job remains a Green asset despite move to switch.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.