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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Jan- 2024 -25 JanuarySport & Leisure
Halfords maintains FY guidance despite weak December sales
Halfords has maintained its full-year guidance despite December sales being “much weaker” than expected. In its third quarter, total revenues were up by 1.6%, and 2.0% on a like-for-like basis. According to the group, stronger sales in Motoring and needs-based categories were partly offset by weaker spend in discretionary areas…
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Nov- 2023 -29 NovemberNews
Today’s news in brief-29/11/23
José Neves, the owner of luxury fashion site Farfetch, is reportedly in talks to take the company private, just five years after its IPO on the New York Stock Exchange. Farfetch has seen over 90% of its value wiped out since its listing in 2018. Neves, who holds a 15%…
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29 NovemberHigh Street
Halfords HY profits jump 3.3% to £19.3m
Halfords has revealed that it posted profit before tax of £19.3m for the 26 weeks ended 29 September, up 3.3% from the £18.7m it posted in the same period last year. Overall, Halfords saw its revenue jump 13.9% from £767.1m in the first half of last year to £873.5m in…
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20 NovemberNews
Today’s news in brief-20/11/23
Van hire firm Redde Northgate has reportedly approached Halfords with a proposed £1.3bn merger deal, indicating a nil-premium merger. Talks between the two companies took place, but Halfords reportedly deemed the offer as significantly undervaluing the business. Halfords, boasting nearly 400 stores and 650 garages, is valued at £512m, while…
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20 NovemberDIY
Van firm eyes Halfords for £1.3bn merger
Halfords has reportedly been approached by van hire firm Redde Northgate about a possible £1.3bn merger deal, according to The Sunday Times. The outlet revealed that the two firms have had discussions, with sources claiming Redde Northgate proposed a nil-premium merger. However, it is thought that Halfords have currently stepped…
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17 NovemberNews
Today’s news in brief-17/11/23
HMV is set to make a comeback at its historic Oxford Street location, reopening on November 24, four years after the flagship store closed. The store at 363 Oxford Street, the site of the first HMV store in 1921, will create over 70 new jobs. The refurbished flagship will serve…
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17 NovemberNews
Halfords joins bid to rescue Wiggle
Halfords is reportedly among a group of retailers expressing interest in buying online sports retailer Wiggle, Sky News has reported. The retailer is said to have put up a bid to snap up Wiggle, joining Frasers Group, the owner of Sports Direct and Evans Cycles. Next is also believed to…
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9 NovemberNews
Today’s news in brief-9/11/23
Bridgestone has invested $3m for a 5% stake in Halfords’ Avayler business. Avayler, a software-as-a-service (SaaS) provider, helps automotive companies digitise their services, from online booking to invoicing. Under a 15-year Commercial Agreement, Avayler will provide Bridgestone with access to its software products and related services for use in Bridgestone’s…
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9 NovemberNews
Bridgestone takes 5% stake in Halfords business
Halfords has announced that global mobility company Bridgestone has agreed a 5% stake in its Avayler business for $3m (£2.4m). Avayler was launched in July 2021, having been developed in-house by Halfords to manage services across garages, mobile vans and retail stores. It is a ‘software as a service’ (SaaS)…
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Sep- 2023 -6 SeptemberHigh Street
Halfords revenues rise 14.1% amid strong motoring demand
Halfords has announced that its revenues have increased by 14.1% for the 20 weeks ended 18 August 2023, boosted in part by its autocentre business. According to the group, this increase in revenue was driven by needs-based categories, with revenue from autocentres up 34.6% and retail revenue up 3.7%. Strong…
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