Belfast Telegraph

Halfords gets motoring as Christmas trade surges

By Josie Clarke

Strong demand for bikes and dashcams helped retailer Halfords notch up record sales over Black Friday and Christmas.

The firm, which has 14 stores in Northern Ireland, posted a 2.9% rise in retail like-for-like sales over its third quarter to January 12, led by a 7.8% jump in bike sales.

The chain said it saw strong demand for bikes including electric models, as well as cycle repairs, with sales numbers up despite recent price hikes.

Comparable sales for its autocentres business rose 0.7%, leaving overall group like-for-like sales 2.7% higher in the quarter.

Halfords cheered a better-than-expected performance, but cautioned retail conditions are set to remain "subdued" for its final quarter.

Chief finance officer Jonny Mason said: "We are pleased with the overall performance in the 15-week period given the difficult UK retail environment."

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.