THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Halfords benefits from strong performance at autocentres business

Halfords has grown its total revenue by 9.2% year-on-year in the 20 weeks to 19 August after being boosted by a strong performance at its autocentres… View Article

GENERAL MERCHANDISE

Halfords benefits from strong performance at autocentres business

Halfords has grown its total revenue by 9.2% year-on-year in the 20 weeks to 19 August after being boosted by a strong performance at its autocentres business.

However, group like-for-like sales were down 1.9% in the period against strong prior year comparatives when sales benefited from the UK emerging from the final Covid-19 lockdown.

Like-for-like sales at its autocentres climbed by 19.4% year-on-year while total sales rose by 67.8% following Halford’s acquisition of National Tyres.

However, retail sales at Halfords were down 7.1% on both a like-for-like and total basis after the group saw respective sales declines 2.8% and 12.7% in its motoring and cycling categories.

Graham Stapleton, Halfords chief executive, said: “We are working extremely hard to help our customers with the cost-of-living crisis and have dropped prices across nearly 2,000 motoring essentials, ensuring that products remain accessible and affordable for all.

“Over 70% of our sales now come from motoring products and services, and the fact that this area of spend tends to be more needs-based rather than discretionary is leading to a very resilient group performance, despite the wider macroeconomic uncertainty.”

Giving an update on its new Motoring Loyalty Club, Halfords said it has attracted over half a million members since its launch in March.

The group has also announced that it will be supporting its 10,000 staff members through the cost-of-living crisis through a number of initiatives including the offer of free MOTs.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >