| Halfords | |
|---|---|
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| Type | Public |
| Genre | Halfords, BikeHut |
| Founded | 1892 |
| Founder | Frederick Rushbrooke |
| Headquarters | Redditch, England, UK |
| Area served | UK, Ireland, Czech Republic |
| Key people | Richard Pym (Chairman of the board) Nick Wharton, Paul McCleneghan (Acting Joint Managing Directors) |
| Industry | Retail |
| Products | Ripspeed, Bicycles and accessories, SatNav, Car audio, Tools, Child seats etc. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc A genre (ˈʒɑːnrə also /ˈdʒɑːnrə/ from French "kind" or "sort" from Latin: genus (stem gener-) is a loose set An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome Redditch is a Town and local government district in north-east Worcestershire, England. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Ireland (pronounced /ˈaɾlənd/ Éire) is the third largest island in Europe, and the twentieth-largest island in the world The Czech Republic ( ˈt͡ʃɛskaː ˈrɛpuˌblɪka short form in Česko ˈt͡ʃɛskɔ also called Czechia, For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Ripspeed is a sub brand of Halfords, one of the leading automotive parts retailer in the United Kingdom. The bicycle, cycle, or bike is a pedal-driven, human-powered vehicle with two wheels attached to a frame, one behind Global Navigation Satellite System (GNSS is the standard generic term for satellite navigation systems that provide autonomous geo-spatial positioning with global coverage Car audio/video (car AV is a term used to describe the sound or video system fitted in an Automobile. A broader definition of a tool is an entity used to interface between two or more domains that facilitates more effective action of one domain upon the other |
| Services | 'We Fit' Offer - Bicycle repair, vehicle part fitting, audio installation, paint mixing |
| Revenue | £744 million[1] |
| Operating income | ▲ £93. A service is the non-material equivalent of a good. A service provision is an economic activity that does not result in Ownership, and this is what differentiates In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses 5 million[1] |
| Employees | 10,325[1] |
| Website | http://www.halfords.com |
Halfords Group plc (LSE: HFD) is a leading retailer of car parts, car enhancement, cycles and travel solutions in the United Kingdom and Ireland. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The London Stock Exchange or LSE is a Stock exchange located in London, England. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe. It is part of the FTSE 250 Index of companies listed by the London Stock Exchange. The FTSE 250 Index (ˈfʊtsiː footsie) is a capitalisation -weighted index of 250 companies on the London Stock Exchange. The London Stock Exchange or LSE is a Stock exchange located in London, England.
Contents |
History
Halfords traces its origins to a store founded in Birmingham in 1892 by Frederick Rushbrooke as a wholesale ironmongery. Birmingham ( ˈbɜːmɪŋəm Ber -ming-um The name originates from a store on Halford Street in Leicester, which was opened circa 1902 by Rushbrooke, selling cycling goods. Leicester (ˈlɛstə is the largest city and Unitary authority area in the East Midlands of England, and is the traditional The bicycle, cycle, or bike is a pedal-driven, human-powered vehicle with two wheels attached to a frame, one behind [2] In 1906 the 'Halford Cycle Company' was formed.
It opened its 200th store in 1931 and purchased the Birmingham Bicycle Company in 1945. [2] In 1968 it opened its 300th store. [2]
The company became a part of the Burmah Group in 1969, after a takeover battle that saw Smiths Industries also bidding. Smiths Group ( is a leading British engineering company involved in wide-ranging speciality engineering activities Although Frederick Rushbrooke had died in 1953, his son, M. M. Rushbrooke remained chief executive into the 1980s. The 1980s was the decade spanning from January 1 1980 to December 31 1989. [2]
After this acquisition the company moved to its purpose-built head office and warehouse located in Redditch, Worcestershire. Redditch is a Town and local government district in north-east Worcestershire, England. Worcestershire (ˈwʊstəʃə abbreviated Worcs) is a county located in the West Midlands region of central England. Whilst part of the Burmah Group Dennis Thatcher, husband of then prime minister Margaret Thatcher, was a non-executive director of Halfords. It is still located in Redditch today in 2008.
The previous red, white and blue corporate identity of Halfords was introduced in the 1980s. This consisted of the Halfords name in white upon a blue background, with a white and red flat head screw design on the 'o' of the name.
In 1984, the business was acquired by Ward White Group but subsequently acquired by the Boots Group in 1991 [2] and in 2002, the company was taken over by CVC Capital Partners from the Boots Group and in 2004 was floated on the London Stock Exchange. This article is about a former British company which has now merged to form Alliance Boots, as a result information on this page may be out of date CVC Capital Partners is one of the top 5 largest private equity firms in the world with approximately US$46 billion in funds focused on management buyouts The London Stock Exchange or LSE is a Stock exchange located in London, England. On 11 July, 2005 Halfords would enter into a Collaboration Agreement with Autobacs Seven Co.,[3] a Japan based car accessory retailer with chains of stores all over the world and who is best known in other countries that do not have an Autobacs store for being the title sponsorship of Super GT and D1 Grand Prix. Events 911 - Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. () is a Retailer of Automotive parts and accessories based in Japan with branches all over the world The Super GT series formerly known as the All-Japan Grand Touring Car Championship or JGTC (全日本GT選手権 Zen Nihon GT Sensyuken) is a grand The Autobacs D1 Grand Prix (Japanese D1グランプリ in Katakana, D1 guranpuri in Romaji, abbreviated as D1GP and subtitled On 13th December, Autobacs acquired 5% (11,400,000 shares) of the company at approximately ¥7. 5 billion. [4]
Under the control of Chief Executive Officer, Ian McLeod, formerly Chief Executive of Celtic F.C., Halfords now boasts 420 stores across the UK. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator The Celtic Football Club is a Scottish football club based in the east end of Glasgow, which currently plays in the Scottish Premier League. The chain is currently benefiting from the interest in car modifying culture, having acquired the Ripspeed brand in 1999. Ripspeed is a sub brand of Halfords, one of the leading automotive parts retailer in the United Kingdom. To compete in the ever increasingly competitive performance market, they are now starting to rebrand the Ripspeed franchise as RipspeedX with a new corporate identity.
Halfords announced Mr McLeod's intention to leave Halfords on 29th February 2008 to join Australia's largest retaier, Wesfarmers. Wesfarmers ( is one of Australia ’s largest public companies and Australia's largest retailer with its headquarters in Perth Western Australia. Until a permanent successor is announced, current Finance Director Nick Wharton and Trading Director Paul McClenaghan will act as joint managing directors until a new CEO has been hired.
Store formats
Halfords currently operates stores under a variety of formats, each in different sizes selling a different range of products.
- Halfords Superstore = Large out of town stores, often located on retail parks which sell a large range of their products. They are increasingly built in arcade style formats with a mezzanine level and sub shops for its sub-brands like Bikehut and Ripspeed. They sell other ranges for example camping and outdoor leisure
- Halfords Metro = These are larger town centre stores which sell a smaller range than their larger out of town stores but a larger range than the high street stores. They focus on cycles and cycling accessories as well as motoring products.
- Halfords High Street = Much smaller stores selling only a very small range. They mainly focus on their core products.
- Bikehut = Stores named after their sub-brand, Bikehut. They sell cycles and cycle accessory products and are located in town centres. As a standalone format, they were introduced in 2007 and the first store was opened in Brighton. Subsequent stores have opened in Putney, Twickenham and Dorking as the company continues its plans to roll them out throughout the UK.
International operations
Halfords currently operates stores in the UK and Ireland, with stores opened in the Czech Republic in July 2008. The Czech Republic ( ˈt͡ʃɛskaː ˈrɛpuˌblɪka short form in Česko ˈt͡ʃɛskɔ also called Czechia, It was piloted by opening two stores to begin with, however if these are a success, there are plans to open up to 150 more. The Czech Republic was chosen after research suggested the average age of cars in the Czech Republic is older than in most other European countries.
Controversies
Halford was involved in a legal dispute with Italian bicycle manufacturer Carrera over its name as they sold bicycles that was in fact manufactured by the Taiwanese manufacturer Merida Bicycle Company and not the handmade bikes of its Italian counterpart. Carrera was an Italian based Road bicycle racing team active from 1984 to 1996 named after sponsoring Italian Jeans manufacturer Carrera Taiwan ( Taiwanese: Tâi-oân/Tāi-oân (historically 大灣/台員/大員/台圓/大圓/台窩灣 is an Island in East Asia. The bicycle, cycle, or bike is a pedal-driven, human-powered vehicle with two wheels attached to a frame, one behind Halford, through a legal loophole, was eventually permitted to use the Carrera brand on its bicycles. [5]
References
- ^ a b c Annual Report 2007 (Year to March 2007). Halfords Group PLC. Retrieved on 2007-11-13. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1002 - English king Ethelred orders the killing of all Danes in England, known today as the St
- ^ a b c d e And it's all thanks to a passion for a penny-farthing bicycle. Times Online (2005-05-30). The Times is a daily national Newspaper published in the United Kingdom since 1785 when it was known as The Daily Universal Register. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1416 - The Council of Constance, called by the Emperor Sigismund a supporter of Antipope John XXIII burns Jerome of Prague following Retrieved on 2007-06-05. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 70 - Titus and his Roman Legions breach the middle wall of Jerusalem in the Siege of Jerusalem
- ^ Announcement of Collaboration Agreement with Halfords Group plc. Autobacs Seven Co.. () is a Retailer of Automotive parts and accessories based in Japan with branches all over the world Retrieved on 2007-06-05. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 70 - Titus and his Roman Legions breach the middle wall of Jerusalem in the Siege of Jerusalem
- ^ Announcement of Acqusition of Stocks of Halfords Group plc. Autobacs Seven Co.. () is a Retailer of Automotive parts and accessories based in Japan with branches all over the world Retrieved on 2007-06-05. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 70 - Titus and his Roman Legions breach the middle wall of Jerusalem in the Siege of Jerusalem
- ^ who makes Carrera?
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