Halfords says supply chain disruption affecting bike business – News

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A analyse of the Halfords accumulation face in Rugby kingdom Nov 19, 2020. REUTERS/Molly Darlington



LONDON, Sept 8 (Reuters) – nation bikes and automobile parts merchandiser Halfords (HFD.L) said on weekday flutter in the orbicular cater concern was dragging on its cycling business, though it cragfast to its targets and guided that it was well-positioned to control the challenge.


Halfords, Britain’s maximal cycling retailer, said it cod the cycling cater concern issues, which allow works creation constraints, nakedness touchable inflation, instrumentation flutter and utility shortages, to move for whatever time.


British retailers, cafes and restaurants are struggling to manage with a insufficiency of drivers, and in portion onerous artefact container (HGV) drivers, and matter processing body after COVID-19.


The difficulty is not unequalled to kingdom – the United States and another dweller countries also hit pushcart utility shortages, patch crossways the world, there is also push on the wider cater concern cod to COVID-19 and a insufficiency of container vessels and broad nakedness touchable prices.


Halfords said on weekday that it was sticking to its full-year direct for pretax acquire to become in at above 75 meg pounds ($103 million), buoyed by higher income in its retail motoring arm, which were helped by the way for staycations this summer.


For the 20-week punctuation to Aug. 20, Halfords said inexplicit income in cycling were downbound 23% compared to terminal year, though it noted that terminal assemblage was extraordinary cod to the pandemic, patch income for motoring products chromatic 52%.


Last assemblage the consort benefitted from a garner up in cycling as Britons proven to refrain open instrumentation cod to COVID-19 and bought or restored bikes instead. Halfords said it remained overconfident in the long-term looking for the cycling market.


($1 = 0.7268 pounds)


Reporting by wife Young; redaction by archangel Holden


Our Standards: The composer Reuters Trust Principles.



Halfords says cater concern flutter moving cycle business



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September 8, 2021




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