A surge in sales of bicycles and cycling gear has powered
The former Pets at Home boss said he expected sales of cycling goods to rise strongly again this year as a result of special events and promotions linked to the
Davies added that the government needed to do more to improve safety if cycling was to continue to grow at its current pace, suggesting that cycling should be made part of the national curriculum in schools.
Even without more support from politicians, cycling goods already account for around half the sales made via
The retailer now expects full-year underlying profits for 2015 to be ahead of those achieved in 2013 - a position Davies had warned the company might not reach until 2016, when he launched his turnaround plan a year ago. He cautioned: "I'm happy with progress but we are in the very early stages of our plans to grow the business and it's important that we don't get carried away."
Davies said stellar sales growth justified
The overall rise in
end of March; profits, at pounds 73m, were up 2.3% on the
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