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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Aug- 2022 -11 AugustDIY
Halfords cuts prices to help ease the rising cost of motoring
Halfords has announced it has launched new initiatives, including cutting its prices across all of its motoring products, in a bid to to help UK consumers with the rising cost of motoring. Halford said it comes as its own research found that one in six drivers are “trying to spend…
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2 AugustPeople Moves
Greggs names new chair as revenues rise
Greggs has announced the appointment of Matthew Davies as an independent non-executive director and chair designate. Davies joins the board with immediate effect, and will be appointed as chair on 1 November 2022, when the current chair, Ian Durant, steps down. He is widely experienced in retail, and during his…
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Jun- 2022 -21 JunePeople Moves
The Midcounties Co-operative appoints new CFO
The Midcounties Co-operative has announced the appointment of Peter Kelly as its new chief financial officer (CFO), replacing Peter Dubois who has stepped down after 26 years with the society. Kelly will also take on executive responsibility for IT within The Midcounties. Previously, he served as head of finance, having…
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16 JuneEconomy
Halfords lowers FY23 profit expectations despite ‘resilient’ performance
Halfords Group plc has announced it has downgraded its profit expectations for the year despite seeing its profit before tax increasing 49.8% to £96.6m. In its preliminary results for the 52 weeks to 1 April 2022, the retailer posted revenues of £1.36bn – up almost 20% compared with pre-pandemic levels.…
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Jan- 2022 -13 JanuarySport & Leisure
Halfords golden quarter boosted by autocentres
Halfords has announced that total revenue rose by 13.9% on a two-year basis in the quarter ended 31 December 2021, as like-for-like retail sales rose by 5.6%, with a particularly strong performance in October and November. While sales dropped off in the latter part of the period in light of…
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Dec- 2021 -2 DecemberDIY
Halfords acquires automotive service company for £62m
Halfords has announced the purchase of tyre and automotive servicing company Axle Group Holdings Ltd (National) for a total consideration of £62m. The consideration will be paid in cash on the date of completion, which is expected to be 9 December 2021. A further investment of £17m will be made…
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Nov- 2021 -10 NovemberSport & Leisure
Halfords raises FY22 guidance amid sales surge
Halfords has lifted its guidance for FY22 following what was a “strong” first-half performance, which saw a total growth of 19.2% against the same period in FY20. The motor and cycling giant now expects its full-year profit-before-tax to be in the range of £80m to £90m, up from a previous…
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Oct- 2021 -13 OctoberPeople Moves
Halfords appoints new CFO
Halfords has announced the appointment of Jo Hartley as its new executive director and chief financial officer (CFO). Hartley will join the business in mid-April 2022 and replace Loraine Woodhouse in the role, who is set to retire from her full-time role in the business. Woodhouse will however remain in…
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Sep- 2021 -8 SeptemberSport & Leisure
Supply chain disruption hits Halfords’ bike sales
Halfords has announced that global supply chain disruptions have hit its cycling business in recent weeks, despite cycling sales rising 9.9% in the 20-week period ended 20 August 2021. The group experienced “considerable capacity constraints” in light of ongoing disruptions, leading to low availability of bikes throughout the period. Availability…
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Aug- 2021 -25 AugustProperty
Ediston Property acquires Springkerse Retail Park for £22.85m
Ediston Property Investment Company has announced that it has acquired Springkerse Retail Park, Stirling, Scotland, for £21.85m, in an off market transaction. The price reflects an initial yield of 9.54% and was purchased from clients of LaSalle Investment Management. The Stirling Council area has a population of just under 100,000…
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