Halfords profit and sales boosted by cycling revenues

Halfords witnessed a profit and sales rise in its first half, boosted by its cycling revenues.
The motoring and cycling retailer, which recently hired Sarah Haywood as its new CIO, saw group sales increase 4% on a LFL basis to £893m over the half, for the 26 weeks to 26 September. Cycling revenues grew 9% to £208m, while motoring sales nudged up 1% to £324m.
Retail sales jumped 4% to £533m from £516m the same time last year.
The brand noted that its cost saving