THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Halfords benefits from strong cycle sales at Christmas

Halfords, the car parts and cycle retailer, increased its like-for-like sales by 6.7% in its third quarter as trade was boosted by strong children's bike sales over the Christmas period.

GENERAL MERCHANDISE

Halfords benefits from strong cycle sales at Christmas

Halfords, the car parts and cycle retailer, increased its like-for-like sales by 6.7% in its third quarter as trade was boosted by strong children's bike sales over the Christmas period.

Sales at Halfords' retail division climbed by 6.8% on a like-for-like basis in the 15 weeks to 9 January while like-for-like sales at its autocentres rose by 5.9%.

The retailer reported that cycle sales grew by 7.6% in the period driven by a 13.8% increase in children’s bike sales. There was also a strong performance in car maintenance products where sales grew by 11%.

Halfords chief executive Matt Davies said: "We are delighted to report strong Q3 sales, demonstrating our ability to continue to drive top-line growth.

“Investment in our omni-channel proposition helped online sales grow to record levels, driven by click & collect.”

Halfords refreshed nine stores in the period as it targets 70-75 refreshes by the end of the year. It also launched its first Cycle Republic store in London and plans to open a second store at the end of January.   

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 Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues