Dire motoring performance puts brakes on Halfords' sales
Friday 22 July 2011
Halfords suffered a fall in underlying sales in its last quarter, as a dire performance from its motor business failed to offset storming bike revenues. The group said it was continuing to trade "effectively in a difficult environment for UK consumers," but warned its margins would fall by 100 basis points for itsfull year.
Like-for-like retail sales at Halfords fell by 1.1 per cent over the 13 weeks to 1 July, although total sales inched up by 0.3 per cent. While "car enhancement" sales fell by 10.6 per cent, as customers cut back on expenditure and reduced mileage, its premium bikes, Boardman, Voodoo and Carrera, raced ahead. These helped its cycling sales surge by 11.5 per cent and its leisure division to grow by 6.3 per cent.
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
musicPolice chief rejects rappers' claims that his work is as dangerous as law enforcement or military service
comedy'Fresh Meat' star sees off stiff competition from Alan Carr, David Mitchell, Graham Norton, Lee Mack and Sarah Millican to win top prize
French café starts charging extra to rude customers
Mystery of Epping Forest 'big cat' is solved
North Korea executes Kim Jong Un's powerful uncle Jang Song Thaek for 'attempting to overthrow the state'
Australia incest case: Deformed children found in remote farming community after generations of inbreeding
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
- 1 French café starts charging extra to rude customers
- 2 Italian court annuls prison sentence for elderly paedophile after 11-year-old victim tells investigators in Catanzaro that she loves him
- 3 Australia incest case: Deformed children found in remote farming community after generations of inbreeding
- 4 Physicists discover 'clearest evidence yet' that the Universe is a hologram
- 5 Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
- < Previous
- Next >
iJobs Money & Business
attractive: Citifocus: Leading Asset Management house, wish to identify a temp...
£200 - £240 per day: Harrington Starr: Client Data Management - City - Brokera...
£44999 - £60001 per annum + Benefits: Pro-Recruitment Group: A Top Tier firm i...
£30000 - £45000 per annum + Bonus + Benefits: Harrington Starr: Regulatory Man...