Halfords continues cycling-driven revenue boom

Company recruiting for 500 new cycling jobs

Halfords has reported a 7.9 percent increase in revenue for the first quarter of 2014, driven largely by cycling

Halfords, Britain’s largest cycling and auto retailer, has reported a growth in revenue of 7.9 percent for the 13 weeks ending 27 June, 2014. The growth has been driven by a continued boom in cycling sales, which were up 21.3 percent on the previous quarter, compared to a more modest 4.3 percent growth in auto sales.

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Halfords said that the sales of ‘premium bikes’ were up 35.1 percent, thanks in part to the continued growth of the UK’s enthusiast cycling sector, as well as the purchase of Boardman Bikes earlier this year.

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The company’s growth has fuelled its creation of 500 new permanent jobs in its cycling stores across the country. For more information visit www.halfordscareers.com.