Halfords/Nationwide Autocentres Increase Sales 5%

23rd March 2010 | 0 Comments
 

Just a month after Halfords bought Nationwide Autocentres for £73.2 million, the new owners have reported that like-for-like sales have grown 5 per cent since the buyout. According to the company, the integration plan is “progressing well” and the programme of rebranding the centres under the Halfords moniker will be rolled out during 2011.

David Wild, chief executive officer, commented: “Halfords retail performance continues to be robust, with full year earnings now anticipated to grow by approximately 25 per cent. The acquisition of Nationwide Autocentres, completed during the quarter, logically extends our successful service proposition and provides a further opportunity for future growth.”

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