REDDITCH, UK – Halfords UK report on the financial year 2012 continues to show great results in its bicycles and accessories sales. In the trading performance the UK’s largest bike retailer said that cycling revenues rose by an inspiring 5.7% in the financial year 2012. In the 13-week periods prior to 30 March 2012, revenues increased 8.7%. The overall group like-for-like sales, including the motoring products, were down 2.7%.
“In Q4 we continued to see progress in our key Retail growth areas of Cycling and Fitting, as well as Autocentres”, said David Wild, CEO of Halfords UK. “The UK consumer outlook for FY13 is uncertain and the continued rise in fuel prices remains a concern. Our actions have reduced input-cost inflation, but retailers face a rise in operating costs. While we have historically demonstrated an ability to alleviate these it may be more difficult this year.”
“The strong performance from our growth areas provides an attractive route to strengthen our business. We are investing to drive our strong brand even further by developing our fitting resources, increasing marketing and enhancing our multichannel offer. Investing in these opportunities will accelerate the evolution of Halfords from a traditional retailer to a contemporary provider of products and services, and will contribute future growth.”