THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Halfords reports decline in like-for-like sales

Halfords saw its group like-for-like sales decline by 3.2% in the 20 weeks to 16 August after retail sales fell by 3.9%. The company’s sales in… View Article

GENERAL MERCHANDISE

Halfords reports decline in like-for-like sales

Halfords saw its group like-for-like sales decline by 3.2% in the 20 weeks to 16 August after retail sales fell by 3.9%.

The company’s sales in the cycling category declined by 1.1%  which Halfords attributed to this year’s cooler weather. Strong growth in the electric bikes and kids cycling categories was offset by weaker sales of expensive bikes in the mainstream cycling category.

However,  group online sales were strong with growth of 8.4%. Halfords said 85% of online orders continue to be collected in-store

Meanwhile, Halfords’ autocentres like-for-like sales increased by 1.1% due to progress made with the division’s transformation plan.

Looking ahead, Graham Stapleton, Halfords chief executive, said: “In the second half, we believe the economic and political uncertainty will continue to impact big-ticket discretionary spend and, therefore, as in the first half, we will continue to focus on improving gross margins and controlling costs.

“We set out a new strategy for the business last year and while it is still early, we have already seen encouraging signs of progress. We remain confident that it is the right strategy to drive the sustainable growth of the business.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Cavendish Conference Centre, London W1G 9DT
The Future of Retail Marketing for Customer Engagement