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LONDON, Sept 8 (Reuters) - British bikes and car parts
retailer Halfords said on Wednesday disruption in the
global supply chain was dragging on its cycling business,
although it stuck to its full-year profit target.
Halfords, Britain's largest cycling retailer, said it
expected the cycling supply chain issues, which include factory
production constraints, raw material inflation and freight
disruption, to continue for some time.
For the 20-week period to Aug. 20, Halfords said underlying
sales in cycling were down 23% compared to last year, although
it noted that last year was unusual due to the pandemic, while
sales for motoring products rose 52%.
(Reporting by Sarah Young; editing by Michael Holden)
