Halfords reports like-for-like sales decline
2 Oct 2008

Halfords, the UK's leading auto, leisure and cycling products retailer, today issues the following trading update for the second quarter and 26 weeks to 26 September 2008.

During the second quarter, Group sales have increased by 1.5% over the equivalent period last year, representing a year-on-year like-for-like sales decline of 1.1%.

Year-on-year sales growth for the 26 weeks to 26 September 2008 is 1.6%. Adjusting for the absence of a full Easter during the period, this performance represents sales growth equivalent to 2.2% and equates to a like-for-like sales decline of 0.5% (1.1% unadjusted for Easter)1.

This is in contrast with the specialist independent sector who have consistently reported significant sales increases over the same period. View details

The defensive characteristics of Halfords' car maintenance proposition and its continued growth within cycling, despite the poor summer weather, reinforce the benefits of its leading positions in these markets.

Back to News Menu