Halfords

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Halfords
TypePublic (LSEHFD)
IndustryRetail
Founded1892
Founder(s)F W Rushbrooke
HeadquartersRedditch, England, UK
Area servedUK
Ireland
Key peopleDennis Millard
(Chairman)
Matt Davies
(Chief Executive)
ProductsRipspeed, Bicycles and accessories, SatNav, Car audio, Tools, Child seats etc.
ServicesBicycle repair, vehicle part fitting, audio installation, paint mixing
Revenue£863.1 million (2012)[1]
Operating income£97.2 million (2012)[1]
Profit£68.4 million (2012)[1]
Employeescirca 10,000 (2012)
Websitewww.halfords.com
 
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Halfords
TypePublic (LSEHFD)
IndustryRetail
Founded1892
Founder(s)F W Rushbrooke
HeadquartersRedditch, England, UK
Area servedUK
Ireland
Key peopleDennis Millard
(Chairman)
Matt Davies
(Chief Executive)
ProductsRipspeed, Bicycles and accessories, SatNav, Car audio, Tools, Child seats etc.
ServicesBicycle repair, vehicle part fitting, audio installation, paint mixing
Revenue£863.1 million (2012)[1]
Operating income£97.2 million (2012)[1]
Profit£68.4 million (2012)[1]
Employeescirca 10,000 (2012)
Websitewww.halfords.com

Halfords Group plc is a retailer of car parts, car enhancement, camping, touring, mobility and bicycles operating in Ireland and the UK. They also provide MOT, service and repairs in the UK through Halfords Autocentre. Halfords Group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

A Halfords in Kirkstall, Leeds.
Former Halfords logo, introduced in 1983, until 2003

The company was founded by Frederick Rushbrooke in Birmingham in 1892 as a wholesale ironmongery.[2] In 1902 Rushbrooke moved to a store on Halford Street in Leicester, for which street the company was named, and started selling cycling goods.[2]

It opened its 200th store in 1931 and purchased the Birmingham Bicycle Company in 1945.[2] In 1968 it opened its 300th store.[2]

The Company became a part of Burmah Oil in 1969, following a takeover battle between Burmah Oil and Smiths Industries.[2] During this time, a non-executive director of Halfords was Denis Thatcher, husband of Margaret Thatcher, later Prime Minister of the UK.[3]

The Company was acquired by Ward White Group in 1983[2] and subsequently acquired by the Boots Group in 1991.[2] It was then taken over by CVC Capital Partners in 2002[2] and in 2004 it was floated on the London Stock Exchange.[2] On 11 July 2005 Halfords entered into a Collaboration Agreement with Autobacs Seven Co.,[4] a Japan-based car accessory retailer with chains of stores all over the world and who is best known in other countries that do not have an Autobacs store for being the title sponsorship of Super GT and D1 Grand Prix. On 13 December 2005 Autobacs acquired 5% (11,400,000 shares) of the company at approximately ¥7.5 billion.[5]

On 18 February 2010, the company announced a deal to purchase the Nationwide Autocentre MOT chain from the private equity firm Phoenix. The plan is to rebrand the centres under the Halfords name and open another 200, creating around 1,000 new jobs. As of January 2013 there are over 250 Halfords Autocentre garages dealing with MOTs, car repairs and servicing.[6] On 24 May 2010, the first four Halfords Autocentres opened in Derby plus the one located near the head office in Solihull.[7]

Operations[edit]

A typical Halfords exterior, this example at the Ocean Park store in Portsmouth
Halford's mobility range inside a branch of Halfords

The Company operated 462 stores as of 2 April 2010.[8] These stores are in the UK and the Ireland. Previously, the company has had branches in Central Europe, such as in Poland, where the first store opened at the end of 2008. This was part of a company strategy that involved expanding into Eastern European countries where the average age of cars is acknowledged as being slightly older, and the people are more adept at car maintenance. As of April 2013, Halfords no longer operates stores outside of the United Kingdom or the Republic of Ireland.[9] In June 2009 Halfords launched a dedicated website in Ireland, Halfords.Ie, which is aimed at serving Irish customers with the option to browse and reserve items online, and then collect and pay for them instore.[10]

The Group use the following sub-brands as part of their portfolio - Bikehut, Boardman, Carrera, Apollo, Trax, Victoria Pendelton, Urban Escape, Exodus, Pampero, Sendai, Ripspeed.

Services[edit]

Staff are trained to fit consumable items to vehicles, such as car bulbs, batteries and wiper blades. Other services include mixing specialist paints and a 'We Build' service to assemble bicycles purchased from Halfords and elsewhere.

Further Bikehut services include repairing bicycles, ordering in specialist parts, fitting accessories and servicing bicycles. Along with purchasing bikes, the customer also has the option of buying a bike through their employer and paying monthly through the Cycle2Work scheme.

Sponsorship[edit]

The team won the BTCC overall Drivers Championship in 2005 and 2006 with driver Matt Neal.[11] In 2007 Halfords sponsored the Team Dynamics BTCC racing team under the name of Team Halfords[12] and in 2008 Halfords started sponsoring a mixed professional bike team, Team Halfords Bikehut, headed by Nicole Cooke.,[13] which dispanded ahead of the 2010 season.

See also[edit]

References[edit]

External links[edit]