Halfords earmarks 60 stores for closures due to COVID-19
Source: Mintel 15-07-2020

UK 15-07-2020

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Motoring and cycling specialist Halfords plans to close 60 stores as it navigates its way through the COVID-19 pandemic. The retailer has already been forced to make cutbacks this year, announcing the closure of the Cycle Republic chain and the Boardman Performance Centre.

The retailer is concerned about losses in the coming year, with the best-case scenario being profits falling from £53 million to £20 million.