Halfords
This coverage examines Halfords’ role in the UK retail sector, focusing on its automotive, cycling, and outdoor leisure divisions. Reporting covers store performance, product range expansion, e‑commerce integration, supply chain innovation, and financial results. The analysis supports retail executives, category managers, and professionals managing multi-channel retail operations in specialist markets.
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Jun- 2024 -18 JuneNews
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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18 JunePeople Moves
Superdry appoints global technology director
Superdry has appointed Dafydd Moore, a former IT boss at Halfords, as its new global technology director. Moore joins the group from the cycling chain, where he was group director of IT Strategy and Architecture, and before that, he was the global director of IT strategy, architecture and innovation at…
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3 JuneNews
Today’s news in brief-3/6/24
Shein is reportedly preparing for a landmark London flotation valued at £50bn, marking the city’s most significant public float in over a decade. Sources indicate that the fast-fashion giant will soon file a prospectus with the Financial Conduct Authority, although the exact timing remains uncertain. This move comes after Shein…
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3 JunePeople Moves
Pashley Cycles appoints new CEO
Pashley Cycles has appointed Andy Smallwood as its new chief executive with effect from 3 June. Smallwood joins Pashley Cycles with over two decades of experience in the cycle industry. He previously worked as chief executive for seven years at Ribble Bikes and prior to that as managing director of…
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Mar- 2024 -4 MarchDepartment Stores
Frasers rescues Wiggle from administration
Frasers Group has acquired online bicycle retailer Wiggle out of administration, The Sunday Times has reported. Frasers reportedly agreed a deal to purchase the brand and intellectual property of both Wiggle and Chain Reaction Cycles, another online bike store. The Times said it was understood that the Sports Direct owner…
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Feb- 2024 -28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryElectrical
Halfords issues profit warning as core markets weaken
Halfords has announced that it now expects its full year PBT to be in the range of £35-40m, down from the £48m and £53m it previously expected. This comes as a result of three of the company’s four core markets weakening resulting in a significant drop in like-for-like revenue growth.…
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21 FebruaryElectrical
Currys shareholder Redwheel warns of stock market decline
Currys’ largest shareholder, Redwheel, has warned that more foreign firms will begin to circle London companies after the electronics retailer rejected a takeover bid from US hedge fund Elliott, The Telegraph has reported. Redwheel, which holds 14.6% of shares in Currys, said it was in “complete agreement” with the retailer’s…
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12 FebruaryPeople Moves
Dobbies appoints Andy Hannan as commercial director
Dobbies, the garden centre retailer, has appointed Andy Hannan as commercial director to lead its new strategy. With “extensive experience” from across the retail sector, Hannan has previously held senior commercial roles at retailers such as Homebase, Halfords, Jessops and Argos, where he was part of the team that led…
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Jan- 2024 -25 JanuaryNews
Today’s news in brief-25/1/24
Halfords reported that its Q3 total revenues were up 1.6%, with a 2.0% increase on a like-for-like basis. However, December sales were weaker than expected due to mild and wet weather impacting demand for winter products and footfall in stores. While October and November showed strong sales, the weaker December…
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