Halfords UK Sees Cycling Sales Drop; IBDs Business Remains Strong

REDDITCH, UK – In last week’s trading update Halfords Group Plc announced that its cycling sales fell 11% in the eight-weeks that ended August 28, 2015. Halfords UK blames the rainy weather that spurred increased levels of discounting. However, the country’s retail association ACT reported that dealer sales grew by 26% during July and August.