![]() Use may affect your credit score or make credit less accessible or more expensive for you. Pay in 3 is a form of credit, may not be suitable for everyone. Pay in 3 eligibility is subject to status and approval. We are also the leading operator in MOT, tyres, car servicing and car repairs pleasing more than 750,000 customers every year. With more than 700 stores with over 10,000 colleagues, we’re the UK’s leading retailer of automotive and cycling products. PayPal Pay in 3: PayPal Pay in 3 is not regulated by the Financial Conduct Authority. At Halfords, we’re all about the journey. Credit subject to status, UK residents only, Performance Cycling Limited acts as a broker and offers finance from a restricted range of finance providers. PayPal Credit: Terms and conditions apply. 22-24 Boulevard Royal L-2449, Luxembourg. PayPal Credit and PayPal Pay in 3 are trading names of PayPal (Europe) S.à r.l. (variable), Assumed credit limit £1,200.00. † Full Representative Example: Representative 21.9% APR (variable), Purchase interest rate 21.9% p.a. Société en Commandite par Actions Registered Office: 22-24 Boulevard Royal L-2449, Luxembourg. PayPal Credit is trading name of PayPal (Europe) S.à r.l. Performance Cycling Limited acts as a broker and offers credit from PayPal Credit. Registered Office: 1 Churchill Place, London E14 5HP. Halfords Store Stockton Bridge Road Stockton-on-Tees, TS18 3AY. For all your bike servicing and bike repair needs, check out Halfords range of CyleCare packages, with services for up to 3 years on all bikes and electric. Clydesdale Financial Services Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 311753). Barclays Partner Finance is a trading name of Clydesdale Financial Services Limited, a member of the Barclays group. Performance Cycling Limited acts as a credit broker and not the lender, Barclays Partner Finance acts as the lender. Finance is subject to application, financial circumstances and borrowing history. Total amount payable will be £1720.59 with a cost of credit of £321.59. "We expect many of the cycling supply chain issues referred to above to continue for some time albeit, as the UK's largest cycling retailer, we are well-positioned to navigate these challenges.† Barclays Representative Example: If total purchase price is £1,399.00 and your selected term is 36 months 14.9% APR Representative, Annual Interest Rate 14.9% Fixed, you would pay £47.79 per month. ![]() "Whilst kids' and electric bikes have fared better, availability has been especially low in the adult mechanical category, contributing to materially lower growth rates towards the end of the period. However, at the time the company warned: "The global cycling supply chain continues to experience considerable capacity constraints, leading to low availability of bikes throughout the period. ![]() Profits were up by 184 per cent to £64.5 million, driven mainly by sales in the cycling category, up by 54 per cent on a like-for-like basis, with sales of e-bikes and electric scooters near doubling. ![]() In June, the retailer announced its annual results, including servicing more than 1 million bikes during the previous year. #Worrying #Secondhandĭespite reporting "acute" bike shortages, Halfords' profits almost doubled during the COVID-19 crisis. This could have a serious impact on the donations of bikes to charities who recycle refurbish as part of the circular economy. Halfords are going to start buying and selling second hand bikes. The news has not been welcomed by everyone, with some suggesting the scheme could impact bike donations to charities, while others raised concerns about stolen bikes being traded in. "With demand for bikes so high, well-publicised supply chain constraints, and a cost of living crisis on the horizon, it can’t be right that so many perfectly good bicycles are being left to gather dust in sheds and garages," Stapleton said. Owners will be encouraged to upgrade their bikes, with up to £250 of store credit being offered in return. Today's news suggests a change of strategy to make the retailer less reliant on new bikes from Covid-hit factories, especially with ongoing shipping disruption. > Bike sales continue to grow at Halfords despite availability issues In September, Halfords CEO Graham Stapleton said the brand's "cycling business is currently impacted by the considerable disruption in the global supply chain", but insisted "we are well-positioned to adapt and to serve our customers". The major retailer will soon offer customers up to £250 in store credit for their unwanted bicycles, with plans established to fix up the bikes to sell on following a successful trial of the service. Halfords has revealed plans to buy and sell second-hand bicycles in a move to bypass shortages and shipping disruption.
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