By Matthew Roscoe • 18 November 2020 • 10:54
BRITISH bicycles and car products retailer Halfords profit more than double from a bike boom in Britain following COVID-driven sales.
The company reported on Wednesday, November 18, that it made an underlying pretax profit of £56 million (€63 million) in the six months to October 2.
The positive news from Halfords means that these latest figures are up from £25.9 million (€29 million) in the same period last year.
Since the start of the pandemic, Britons have tried their best to avoid using public transport to fit in with government-issued COVID guidelines which has seen an increase in the popularity of cycling.
Brits have also been utilising bike riding as a part of the mandatory exercise time set by the UK government.
Thank you for taking the time to read this news article “Halfords profit from a bike boom in Britain”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]
Your email address will not be published. Required fields are marked *
Download our media pack in either English or Spanish.