Fri, 1 Jun 2012

Auto, leisure and cycle retailer Halfords may have seen group revenues drop in the last year, but it still plans to add 1,000 jobs in the next three years.

This comes in the week that the Confederation of British Industry (CBI) said that retailers’ recruitment intentions were at their most positive in almost a whole decade, as recruiter.co.uk reported.

In its preliminary results for the financial year 2012, total group revenue dropped 0.8% to £863.1m, and profit before tax also dropped by 26.6% to £92.2m.

It is looking to invest in its cycling, fitting services and Autocentre products in the year ahead, which “will accelerate our transition to a contemporary solutions provider and will create up to 1,000 new jobs”.

Chief executive David Wild says: “We are evolving our strategy to focus on three strategic pillars so that we become the Friend of the Motorist, the Best Cycle Shop in Town and the Starting Point for Great Getaways.

“In each of these areas we believe we have a unique end-to-end solution and are well positioned to increase our share in significant markets.”