(qlmbusinessnews.com via news.sky.com– Wed, 123rd Nov 2022) London, Uk – –
The company has said a competitive labour market has led to capacity constraints, though supply chain and lockdown challenges had “almost entirely subsided”.
Bikes and car parts retailer Halfords has announced it is to recruit 1,000 car repair technicians over the next 12 months.
The company is hoping to attract retirees back into the workforce and to increase the number of women in the technical roles, as competition for workers caused problems.
“A competitive labour market has led to capacity constraints,” Halfords said in its interim results announcement for the 2023 financial year.
The jobs are to be created due to an increase in demand for Halfords' car services.
Service-related sales topped £326m and accounted for nearly half (around 42.6%) of sales across the Halfords group, up from £230m last year and more than service-related sales in the whole of the pre-pandemic 2020 financial year.
All segments of the business grew above pre-COVID-19 levels – autocentres revenue grew 30%, retail motoring was up 10% and cycling increased 8.6%.
Higher costs stemming from inflation have been managed by Halfords implementing cost and efficiency programs, which will save more £20m, greater than the £15m target previously set out by the company.
In the coming second half of the year, Halfords said it had “good visibility” on costs and utilities have been purchased at prices in line with last year.
Halfords became the largest commercial tyre provider in the UK last month after it bought Lodge Tyre.
Last year Halfords had reported a hit to sales from supply chain disruption and warned its struggles may take time to overcome.
On Tuesday the retailer said those supply chain and lockdown challenges brought about by COVID-19 had “almost entirely subsided”.
But it cautioned that the operating environment “continues to remain very challenging, with the worst cost of living crisis in a generation”.
By Sarah Taaffe-Maguire, business reporter