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- 2021 -16 AugustSupermarkets
Issa brothers eye retail veteran Ian McLeod as Asda chief
Asda owners, the Issa Brothers, are reportedly considering former Halfords boss Ian McLeod as the supermarket chain’s new chief executive. According to The Sunday Times, Asda has already held talks with McLeod who is currently the chief executive of Asian retailer Dairy Farm International. McLeod also has previous experience of…
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Jul- 2021 -15 JulyDIY
Halfords to hire 700 in recruitment drive
Halfords has set upon a recruitment drive that will see over 700 new staff members across a range of positions added to the group. The available roles at the retailer include vehicle technicians, MOT testers, cycle technicians, auto technicians, store and autocentre colleagues, department supervisors, and management. Following the appointments,…
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Jun- 2021 -17 JuneSport & Leisure
Halfords profits soar in FY21 amid cycling boom
Halfords has welcomed a “strong” year of trading, as pre-tax profit soared by 72.3% to £96.3m in its preliminary results for the year ended 2 April 2021. In the same period, revenue rose by 13.1% to £1.3bn, while total revenue across its retail business rose by 9.4%. Retail LFL sales…
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Mar- 2021 -19 MarchDIY
Halfords acquires Universal Tyre and Autocentres for £15m
Halfords has announced it has reached an agreement to acquire Universal Tyre and Autocentres (Universal) for a consideration of £15m. Universal operates out of 20 sites and 89 commercial vans operating in the South East and on the east coast of the UK with specialism in tyre services and general…
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1 MarchHigh Street
Halfords predicts £100m profit amid cycling boom
Halfords has announced it expects pre-tax profit in its full-year results to range between £90m-£100m, after reporting “better than expected” Q4 trading results amid strong sales in its cycling business. For the first seven weeks of Q4, from 2 January to 19 February 2021, the group experienced a like-for-like growth…
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Feb- 2021 -24 FebruaryPeople Moves
British Land appoints new non-executive director
The British Land Company has announced the appointment of Loraine Woodhouse as a non-executive director, with effect from 1 March 2021. Woodhouse will chair the audit committee from 31 March 2021 at which time her predecessor Preben Prebensen will step down from his role as interim chair of audit but…
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Nov- 2020 -18 NovemberSport & Leisure
Halfords profits double in ‘very strong’ H1
Halfords has welcomed a “very strong” half-year of trading, with pre-tax profit soaring 116.2% to £56m in the half-year ended 2 October. The group also reported group revenue growth of 9.6%, and despite the ongoing pandemic, all its product areas and businesses returned to growth towards the end of the…
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Oct- 2020 -1 OctoberSport & Leisure
Halfords raises expectations amid ‘positive momentum’
Halfords has announced that its pre-tax profit in the first half of the year is now expected to be in excess of £55m, following continued “positive” momentum in its cycling and motoring business. Its previous 20-week trading update on 8 September highlighted an “improving growth trend” throughout the period, reflecting…
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Sep- 2020 -23 SeptemberSupermarkets
Lone Star drops out of Asda race
US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According to the Telegraph, Lone Star was unable to meet the asking price asked by Walmart, leaving its rival Apollo in pole position for the grocer. However, reports also suggest that…
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8 SeptemberSport & Leisure
Cycling surge boosts sales at Halfords
Halfords has delivered a “strong” trading performance in the first half of its FY21, with like-for-like sales up by 5% in the 20 weeks ended 21 August 2020. According to the group, this was largely driven by a larger cycling market, boosted by the “positive impact” from the current staycation…
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