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Gloucestershire Business News

Halfords earmarks 60 stores for closure

Halfords is set to close 60 of its stores as a result of the coronavirus crisis.

This is despite a huge rise in bike sales  reported last week. The closures will include both retail stores and garages, as reported by Retail Gazette.

Before Covid-19, the cycle and car parts retailer, which has outlets across the county, was planning to close around six sites per year. But the coronavirus crisis has sped up the process.

Halfords was classed as an essential retailer and was open for most of lockdown, having initially closed its doors. Last week it reported that sales for the 13 weeks to 3rd July were down 2.8 per cent on last year. This was despite cycling sales jumping by 57 per cent, as people tried to avoid public transport.

It is not yet clear which stores will close.

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