Halfords has announced that it will begin buying, fixing and selling on second hand bikes as part of an Xchange branded service.
Joining only around 12% of the bike retail marketplace found by CI.N’s market research to be involved in refurbishing and selling on second hand bikes, the decision has been prompted by the industry’s known struggles on securing bike stock in the face of challenges both in the completion of some models set for showrooms, but also in delays to shipping.
Halfords’ action is designed to address the 7 million bikes estimated to be sat in UK garages and sheds idle. Up to £250 will be offered, depending on the bike’s model and state. The scheme covers adult’s and children’s bikes.
“With demand for bikes so high, well-publicised supply chain constraints, and a cost-of-living crisis on the horizon, it can’t be right that so many perfectly good bicycles are being left to gather dust in sheds and garages,” said Graham Stapleton, Chief Executive of Halfords.
“Even if people don’t want to trade in their old bike for a new one, they can do their wallet a power of good by taking advantage of the Halfords Xchange. Just as important, they’re giving somebody who might not otherwise be able to afford it the chance to own a properly serviced, quality assured bike.”
Every 100,000 bikes sold via the Halfords Xchange would save 16,000 tonnes of CO2 a year, believes the retail group. Halfords asked world-renowned sustainability expert Mike Berners-Lee and his team at Small […]