Redditch, UK – The UK's leading brick and motor bicycle retailer. Halfords PLC has announced its trading performance for the 15-week period to 12 January 2018 showing that bicycle sales have grown steadily by 7.8%. The company explained that the increase reflected growth across all bike categories, cycle repair and PACs. Bike volumes were up marginally year-on-year despite price rises introduced across the market during the year, with year-to-date (41 weeks) sales increasing by 3.9% compared to the same period last year.

Halfords noted that Group online sales growth was up 13.0%, with over 80% of Halfords.com orders collected in store, reinforcing the advice and service-led nature of transactions. However, Halfords is also continuing to expand its brick and mortar presence. Halfords boutique retail stores, Cycle Republic now number 19 shops with new openings in Derby and Canary Wharf.

Revenue for the whole group was up by 3.2% for Q3 and by 3.6% year-to-date. Based on these results, the Group made no change to its year end forecasts.