Halfords UK Post Flat Annual Cycle Sales with Market Share Growth

REDDITCH, UK - Annual bicycle revenues at cycle market leader Halfords for the year to April 2016 declined by 1% compared to the previous year. Halfords total pre-tax profits fell 1.2% to GBP 80 million (€ 103m) over the same period. Halfords are also a major presence in the car parts and maintenance and outdoor leisure markets and the results did show some strong growth in specific car part related sales.
Despite 1% decline in annual bicycle revenues Halfords claimed to have increased their market share. – Photo Halfords