Halfords gears up for a strong run with a three-year turnaround plan and a 'summer of cycling' ahead

Updated: 04:33 EDT, 7 July 2014

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Car parts-to-bicycles retailer Halfords is gearing up for another strong quarter of trading when reporting sales figures on Thursday.

The group, which is undergoing a three-year turnaround plan, beat annual pre-tax profit forecasts in May with a 1.1 per cent hike in earnings to £72.8million.

And it expects to benefit from a ‘summer of cycling’, which includes the start of the Tour de France in Leeds and the Commonwealth Games in Glasgow.

Halfords: The firm has developed a strong bikes business on the back of the success of Sir Chris Hoy, Sir Bradley Wiggins and Victoria Pendleton, pictured

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Halfords has developed a strong bikes business on the back of the success of Sir Chris Hoy, Sir Bradley Wiggins and Victoria Pendleton.

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