Halfords, the British retailer of car parts, car enhancement, tools, camping and touring equipment and bicycles have announced that they will close Cycle Republic & Boardman Performance Centre, following a strategic review.
‘The board has come to the difficult, but necessary, decision to propose the closure of Cycle Republic, our retail store-focussed performance cycling brand. Going forward we propose to focus our investment and resources in Halfords and Tredz, through which we will deliver market-leading specialist propositions for both mainstream and enthusiast yclists via a business model that improves our overall economics.’ – Graham Stapleton, Chief Executive of Halfords
