Olympics And Good Weather Boost Sales At Halfords

Halfords saw total sales in its retail business climb 10.3% in the seven weeks to 19 August, boosted strong cycle and travel related sales over the summer period

Overall like-for-like retail sales climbed 5%, supported by promotions and the good weather. Like-for-like cycling revenue rose 12.5%, helped by Britain’s success in the Rio Olympics, whilst motoring related sales edged up 0.6%, due mainly to slower sales of Sat Navs.

Jill McDonald, Chief Executive, commented: “We continue to make good progress on our strategic initiatives; we can now match 25% of our Retail sales to specific customers compared to only 3% last year and in recent weeks we have successfully piloted contactless payments and also launched the new Cycle Republic website.”