UK retailer Halfords' sales fall 6.5% in lockdown quarter

Halfords was able to trade through the coronavirus lockdown period

  
General view of a Halfords store in St Albans, following the outbreak of the coronavirus disease (COVID-19), St Albans, Britain, May 16, 2020.

General view of a Halfords store in St Albans, following the outbreak of the coronavirus disease (COVID-19), St Albans, Britain, May 16, 2020.

Reuters/Peter Cziborra

LONDON - British motor and cycling products retailer Halfords said underlying sales fell 6.5% in its first quarter with a rampant performance in bicycles during the lockdown more than offset by weakness in motoring due to a major reduction in car journeys.

As a provider of products deemed essential, Halfords was able to trade through the coronavirus lockdown period. It said that over the 13 weeks to July 3 cycling sales soared 57.1% but revenue fell 45.4% in the higher margin motoring division.

Halfords said it remained cautious on the months ahead and because of the uncertainty that currently exists because of COVID-19 has withdrawn guidance for the 2020-21 year.

(Reporting by James Davey; editing by Kate Holton) ((james.davey@thomsonreuters.com))

More From Business