Halfords has reported a boom in business as more Britons get on their bikes.
The retailer announced a jump in pre-tax profits from £59 million to £61 million for the six months leading up to October 2nd.
This represents a 2.2 per cent rise in profits for the firm, which sells items such as bikes and accessories.
It said that the growing popularity of cycling and holidays in the UK helped this increase.
Jeremy Batstone-Carr, an analyst for Charles Stanley, told the Independent that cycling has been the “best performing sub-segment”.
He said: “We believe cycling remains a growth market in the UK, driven by health, environmental and anti-congestion considerations.”
Save money on your cycling
uit is important to shop around before buying cycle insurance – many providers charge extras that you can get included for free if you do your homework. For example, some insurance providers charge £27 for third party insurance to be added to your policy whilst others include it at no extra cost.
For example, every cycle insurance policy from www.ilovemybike.co.uk includes the following and costs from just 33 pence per day:
- Third party cover up to £5m
- Cover for theft, accidental damage and vandalism (new-for-old) RACE COVER INCLUDED
- Personal accident cover up to £20,000
- Breakdown recovery for your bicycle (worth £34 on its own)
- 90 days’ worldwide cover
- ‘Get You Home’ – a taxi home should your bike be stolen or damaged
- No claims discount up to 40%
- Discount of 40% for folding bikes
- Hire bike
Get an instant quote and get entered into a draw to win the gold-plated Brompton pictured right. The gold Brompton will be on display at stand D29 at the show.
0 Comments View now