Halfords boss steps down after slump in sales blamed on ‘unseasonal’ summer

Have your say

BIKE to car parts retailer Halfords said top boss David Wild is to quit the firm after sales suffered a slump due to the wet summer weather.

The group, which also sells camping equipment, said Mr Wild had agreed to leave the company immediately and chairman Dennis Millard will take on an executive role and lead the search for Mr Wild’s successor.

Halfords said sales at stores open over a year fell 5.6 per cent in the 13 weeks to June 29.

This compares with a decline of 2.3 per cent in the fourth quarter of the previous year.

Mr Millard said: “The consumer environment remains difficult and the unseasonal weather conditions this quarter had a direct impact on sales of cycles and outdoor leisure products.”

Poor weather has hit sales across the retail industry in recent months, with the wettest April and June since records began.

A gloomy performance in the company’s retail business, where like-for-like sales were down 7.5 per cent, was offset by stronger sales in its autocentres unit which showed revenue growth of 9.2 per cent.

230617   Rachel Reeves MP  the guest speaker at the Yorkshire Women in Business Awards at Bowcliffe Hall, near Bramham.

Bosses must act to reduce gender pay gap, says Rachel Reeves MP