All Halfords articles – Page 3
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AnalysisWho will be the retail winners and losers of 2022?
Which retailers will fly and flop in the year to come? We asked retail experts to share their tips for 2022.
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NewsHalfords acquires automotive service business National in £62m deal
Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says “cements” the chain as the UK’s largest vehicle repair business.
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NewsBoots, B&M and Halfords see early Christmas demand surge
Boots, B&M and Halfords are all seeing consumers preparing for the festive season earlier than ever, with sales in some Christmas categories outpacing pre-pandemic levels.
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NewsHalfords updates outlook as profits and sales surge
Halfords has reported strong growth in both its retail and autocentre divisions, prompting the retailer to upgrade its full-year profit forecast.
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NewsHalfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.
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NewsHalfords boss ‘positive on prospects’ as sales rise in key growth categories
Halfords has reported an uptick in sales despite the impacts of supply chain disruption during the current trading period.
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GalleryFirst look: Halfords unveils new ‘hyper local’ store and garage format
Halfords has launched a new customer service-focused store concept in Colchester connecting its autocentre and cycling offer, which boss Graham Stapleton has hailed as “the future of Halfords”.
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NewsHalfords profits rise despite ‘volatile’ year of trading
Halfords has recorded soaring profits as its B2B, services and online businesses thrived during the pandemic.
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NewsHalfords enters the B2B software market with launch of new business Avayler
Halfords has entered the B2B software market by making its service delivery software available to other companies.
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NewsStaycation boom to drive sales through autumn, says Halfords boss
Halfords expects current performance to continue as foreign holidays look increasingly unlikely.
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NewsHalfords drives profit growth as it accelerates transformation
Halfords has reported a strong full-year performance after increased demand for categories such as cycling, partly fuelled by the pandemic.
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Retail Navigator AnalysisHalfords (Overview)
Halfords is a UK retailer which operates in cycling, car maintenance and related accessories. Recent growth has been driven by services, which now account for more than half (51%) of total revenue sales, including the Autocentres business, which the group has been scaling up through acquisitions. The retailer trades through just some 385 eponymous stores, as well as operating two performance cycling store brands trading as Tredz.
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Retail Navigator AnalysisHalfords (SWOT)
Halfords’ broad product offer helps offset any adverse effects from the economic cycle. By weighting the business more heavily towards its motoring services, it has grown the part of the business that provides more resilient, needs-based revenue streams during economic uncertainty.
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Retail Navigator AnalysisHalfords (Strategy)
Motoring and cycling specialist Halfords has accelerated its ‘to inspire and support a lifetime of motoring and cycling’ strategy, under chief executive Graham Stapleton. It has been evolving into a consumer and B2B services-led business, building its needs-based revenue streams, which has helped its resilience amid a tough economy.
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Retail Navigator AnalysisHalfords (People)
Former Carphone Warehouse boss Graham Stapleton joined as chief executive in early 2018.
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NewsHalfords to repay furlough cash as cycling sales soar
Halfords is set to pay back its furlough payments in full as trading so far this year has been “stronger than initially anticipated across the business”.
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NewsHalfords and Dunelm report strong Christmas sales uplifts
Halfords has delivered a rise in festive sales buoyed by the retailer’s “best ever Christmas week”, while Dunelm has posted an increase in Christmas sales driven by a surge in online demand.
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NewsRising retail star Pure Electric unveils European expansion plans
E-bikes specialist Pure Electric plans a European expansion push, starting in France and Spain.
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VideoWatch: Don’t let pandemic divert digital transformation, warns Halfords IT director
Retailers must remain focused on core digital transformation objectives and avoid chasing the next big tech trend or the pandemic diverting strategy, Halfords IT director Neil Holden has told Retail Week.
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AnalysisHow Halfords and Studio Retail emerged as Covid winners
From rapid pivots to reprioritising projects, two of retail’s big winners during Covid – Halfords and Studio Retail – share the secrets to their successful transformations.