Halfords’ cycling revenue falls owing to “significantly worse than anticipated” bike market, as it continues shift towards motoring services
While cycling retailing giant Halfords’ revenues were up in the third quarter of 2023, the lingering turmoil in the bike industry meant that its performance in the cycling market was down by 1.2 per cent, which the company has labelled as “signifcantly worse than anticipated”.In the Q3 trading update posted by the retailer yesterday, Halfords revealed … Read more