Halfords, or Halfords Group Plc (LSE:HFD) as it is properly known, retails bicycles, SatNav, and car parts and accessories across the United Kingdom and Ireland. It did have a presence in Poland and the Czech Republic but announced early last year that those stores were to close.
The company, which represents the first port of call for most people when looking for a car accessory or a new bicycle, was founded back in 1892 by Frederick Rushbrooke in Birmingham and was originally a wholesale ironmongers. Ten years later, he moved the store to Halford Street in Leicester, giving the company its name and, by starting to sell bicycles, an essential part of its core business.
As of last year, Halfords had 462 stores which collectively produced a turnover of £810m on which a gross profit of £104m was made (an impressive 12.8%).
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