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- 2023 -30 JuneFeatures
How is AI shaping the retail sector?
Can you tell me about yourself and your experience in the retail industry? I am a partner with BearingPoint, a leading Management and Technology Consultancy, and I have responsibility for the Consumer Goods and Retail sector in the UK. Prior to joining BearingPoint, I had a long career working in…
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21 JuneNews
Halfords FY profit falls 38% despite rise in sales
Halford’s Group has reported that full-year profits have fallen by 38.3% to £51.5m in FY23, despite reporting a revenue growth of 15.3% to £1.5bn. Despite the profit hit, the group reported a like-for-like growth of 2.4% compared to FY22, with all segments positive despite a backdrop of significant declines in…
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16 JuneNews
Halfords shares dip after BDO delays audit results
Halfords, the UK’s leading retailer of motoring and cycling products, has announced there will be a delay to the publication of its annual report, which was set to be released on 15 June. The retailer has stated that the reason for the delay comes after BDO, the group’s auditor, requested…
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Apr- 2023 -19 AprilSport & Leisure
Halfords anticipates mid-term profit and sales boost
Halfords has predicted that it will see a rise in both profits and sales in both the mid-term and mid-to-long term, as announced at its Capital Markets Day for investors and analysts. In the mid-term, the group expects sales to grow to around £1.9bn and profit-before-tax to grow to £90-£110m.…
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4 AprilPeople Moves
Clarks MD steps down
Footwear retailer Clarks has revealed that its managing director of the UK, Ireland, the Middle East and Africa, Joe Ulloa, has stepped down from his role. As a result, Jonathan Ram, who became CEO last April, will take responsibility for the UK and Ireland’s team until a new managing director…
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Jan- 2023 -12 JanuaryDIY
Halfords lowers guidance as lack of technicians hampers growth
Halfords has lowered its full-year profit guidance after it revealed that a challenging labour market meant a lack of skilled technicians combined with a weak tyre market hampered growth. In a trading update for the 13 weeks to 30 December 2022, it confirmed group revenues increased 38.3% and 12.6% LFL…
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Nov- 2022 -23 NovemberDIY
Halfords H1 profits fall to £29m amid ‘softening’ trade
Halfords has reported that underlying profit before tax fell by 49.9% to £29m in the first half of the year, down from £57.9m the prior year, despite a “resilient” performance in the period. The group also downgraded its full-year guidance after a “softening” of trading in discretionary areas of spend,…
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Oct- 2022 -5 OctoberNews
Halfords announces acquisition of LTC Trading Holdings
Halfords Group has announced the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company for total consideration of £37.2m, with £33.2m paid on completion and £4m paid in FY25 subject to performance. Lodge Tyre provides automotive services to business-to-business customers from 50 garages and 248 mobile vans.…
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Sep- 2022 -26 SeptemberAnalysis
Made.com for sale: what went wrong?
Made.com has officially put itself up for sale amid fears the business will be unable to raise fresh equity due to plummeting consumer confidence in the UK and supply chain disruptions. The online furniture retailer revealed plans to implement additional cost reductions, such a strategic headcount review, which is set…
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7 SeptemberDIY
Halfords revenue up 9.2% as group targets £75m profit in FY23
Halfords has revealed a total revenue growth of 9.2% against the prior year in the 20-weeks ended 19 August 2022. Total revenue was also up by 30.3% against FY20, with all segments showing a like-for-like growth over three years. Against FY20, revenue at its autocentres increased by 28.2%, while retail…
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