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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/bike-sales-behind-halfords-slump.jpg"><img class="alignnone size-full" title="Halfords reported disappointing sales of children's bikes in the run-up to Christmas" src="http://londonglossy.com/wp-content/uploads/2011/01/min-bike-sales-behind-halfords-slump.jpg" alt="Halfords reported disappointing sales of children's bikes in the run-up to Christmas"/></a></p>
<p>A poor Christmas for sales of children&#8217;s bicycles dominated trading figures from Halfords after the retailer forecast disappointing profits.</p>
<p>The group, which has 464 stores in the UK and Ireland, said cycle sales slumped 16% on a like-for-like basis as fewer bikes were given as presents and premium products were affected by a slowdown in Cycle-to-Work sales.</p>
<p>The weakness in bicycles offset strong car maintenance sales, up 12%, as the chain helped customers cope with the difficult winter conditions.</p>
<p>Like-for-like sales in the retail division were down 6.6% in the 13 weeks to December 31, compared with the 5% reported in November, and Halfords said profits for the year to April would be near the bottom of the current range of City forecasts of between £127 million and £135 million.</p>
<p>Bicycle sales were already under pressure prior to the Christmas trading period due to poor availability caused by teething problems with Halfords&#8217; new warehouse in Coventry and problems with suppliers in the Far East.</p>
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