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| Halfords sales dip as customers cut back on accessories | Halfords sales dip as customers cut back on accessories |
| (about 1 hour later) | |
| Sales at car parts and bicycle retailer Halfords fell in the first three months of the year as customers cut back on car accessories and cleaning products. | Sales at car parts and bicycle retailer Halfords fell in the first three months of the year as customers cut back on car accessories and cleaning products. |
| Like-for-like sales in the UK and Ireland were down 2.3% compared with a year earlier. | Like-for-like sales in the UK and Ireland were down 2.3% compared with a year earlier. |
| Halfords said that online revenues were disappointing, with weak sales of sat-nav devices and child safety products. | Halfords said that online revenues were disappointing, with weak sales of sat-nav devices and child safety products. |
| It expects to report pre-tax profits for 2011-12 of £90m to £93m, in line with recently downgraded forecasts. | It expects to report pre-tax profits for 2011-12 of £90m to £93m, in line with recently downgraded forecasts. |
| The retailer said it expects the year ahead to remain challenging for consumers, particularly motorists, citing the continued rise in fuel prices. | The retailer said it expects the year ahead to remain challenging for consumers, particularly motorists, citing the continued rise in fuel prices. |
| But it added that it anticipated "a particularly buoyant, albeit competitive, cycling market this year, given the strong interest in Team GB at the Olympics". | But it added that it anticipated "a particularly buoyant, albeit competitive, cycling market this year, given the strong interest in Team GB at the Olympics". |
| Shares in Halfords were down 3% in morning trading. |