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Halfords to hire 1,100 temporary workers amid surge in bike demand

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Saleha Riaz
·2-min read
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The temporary vacancies are in addition to the recruitment of a wide range of permanent service-related jobs across its stores, autocentres and mobile vans. Photo: Getty Images
The temporary vacancies are in addition to the recruitment of a wide range of permanent service-related jobs across its stores, autocentres and mobile vans. Photo: Getty Images

Halfords (HFD.L) is looking to fill 1,100 temporary jobs as it sees a surge in demand for bikes.

In its latest results for the six months to the start of October, the retailer, which mainly specialises in cars and bikes, had reported a 148% increase in online sales, including a 184% rise in sales of its electric bikes.

The temporary vacancies are in addition to the recruitment of a wide range of permanent service-related jobs across its stores, autocentres and mobile vans.

Paul Tomlinson, cycling director at Halfords, said: “There has been huge interest in cycling this year as the public seek alternatives to public transport and as a way of keeping fit.

“As a result we’ve seen a massive surge in demand and sales of bikes and cycling products. We have had tens of thousands of customers on waiting lists for deliveries and this has continued beyond the traditional summer peak, particularly for adult bikes as lockdown continues,” he added.

Halfords' stock was up 2% Monday morning. Chart: Yahoo Finance UK
Halfords' stock was up 2% Monday morning. Chart: Yahoo Finance UK

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He also said children’s bikes appear to be a popular option for Christmas presents this year, while e-bikes have performed particularly well “as many discover the benefits of a battery-powered bike ride.”

Halfords saw its profits more than double in the first half of the year, as demand for cycling equipment and repair services boomed during the pandemic.

The retailer said in its interim financial results that its like-for-like revenues had risen 6.7% in the first half of its financial year to £638.9m ($849m). It posted underlying profits of £56m, up 116.2% on the same period a year earlier, despite the challenges of the virus including limited shopper numbers in stores.

Halfords has been able to remain open throughout the pandemic as it is classed as an essential retailer.

“In cycling, we expect good levels of demand to continue, notwithstanding the normal seasonal decline as we enter the winter months of H2,” the company said.

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