Feature from the Guardian Business:
The company stuck to its profit outlook of £50m-£55m for the full year, compared with £51m in the previous year. In the year to date, sales have fallen 1.2% at established stores. The upbeat figures for the Christmas quarter are a change from last year, when Halfords issued two profit warnings and blamed flagging consumer confidence for a slump in sales. Cycling sales suffered last summer as the previous year’s sustained heatwave was not repeated
Halfords enjoyed a surge in bicycle and scooter sales over the Christmas period, bolstered by its partnerships with Trunki, with a record number of children’s bikes sold.
The firm developed a new range of Trunki folding children’s scooters and balance bikes and launched 48 children’s’ bike models overall in the past quarter.