Tour de France Pedals help Halfords

Tour de France Pedals help Halfords
on July 14, 2014 in News

HALFORDS

 

Halfords, the auto care and bicycles group, is enjoying strong bike sales that have been boosted by the Tour de France pedalling its way through Britain.

The company has said that bicycle sales increased by 21pc and group sales by 7.9pc during the three months ended June 27. That is a strong start to trading in the new financial year.

Questor maintains a positive outlook on the shares as retail sales grow and the car maintenance business stabilises. The company has said that bicycle sales increased by 21pc and group sales by 7.9pc during the three months ended June 27. That is a strong start to trading in the new financial year. So, with the shares trading at a discount to the wider retail sector, there could be more to come as the popularity of cycling in the UK peaks during 2014.

 

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