Halfords: profits up, car repair business growing

Halfords

Halfords 'We fit' and 'We Repair' sales are up 25%

The car maintenance sector of Halfords’ retail business performed strongly in the financial year 2008/09, according to figures released by the high street giant.

Strong sales growth in these areas was also matched by a 25% increase in the ‘We Fit’ and ‘We Repair’ businesses.

This has helped Halfords record a 2.4% in gross proft of £92m, while net debt was reduced from £181m to £164m.

“Our market-leading We Fit proposition is definitely attracting new customers,” said David Wild, Halfords CEO.

“However, we remain cautious given the fragility of the economy and consumer confidence.”

This post was written by:

- who has written 1198 posts on CAT Magazine.


Leave a Reply

Advertisement
  • New MOT rules and the implications for testers
  • Aftermarket Lives: A regional battery distributor and the Ecco group.
  • EC proposes compulsory ADAS

more info

    • Should hand car washes face further regulation?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe