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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

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.   

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