The chief executive of Midland-based retail chain Halfords has stepped down as the group warned over profits following a hefty slide in sales.
David Wild, who has been in charge at the Redditch firm for four years, resigned with immediate effect after like-for-like retail sales dropped 7.5% in the 13 weeks to June 29 as the soggy weather impacted sales of cycles and outdoor goods.
The group said it expected sales to be flat at best in the second half of its financial year - leading it to slash profit guidance from around £79 million to between £62 million and £70 million.
The City reacted well to the change at the top, with Halfords shares 8% higher.
Retail expert Nick Bubb said Mr Wild's departure was a shock, but added his credibility was "wearing thin after yet another profit warning".
Non-executive chairman Dennis Millard will become executive chairman on an interim basis until a new chief executive is appointed.
Mr Millard said: "After careful deliberation, it is felt that now is the right time for a change of leadership in the group to enable it to implement that strategy and maximise the opportunities that lie ahead."
Halfords retail sales plunged as much as 12.4% in the first eight weeks following the record wet weather since April.
Cycling sales fell 9.6% in the quarter as customers put off purchases due to the rain.
Halfords, which has 467 stores in the UK and Ireland, said retail sales recovered to rise by 0.9% in the last five weeks of the quarter.
Today's figures also showed a better performance from the group's Autocentres business, with like-for-like sales up 9.2% thanks to better take-up of services such as tyre fitting.
But the group gave a grim outlook for the rest of the year.
Second half retail sales are expected to be flat to "mid-single digit negative", according to Halfords.
Mr Millard said: "The consumer environment remains difficult and the unseasonal weather conditions this quarter had a direct impact on sales of cycles and outdoor leisure products."
The group is focused on cost efficiencies and driving through changes under a turnaround plan unveiled in May, designed to evolve Halfords from traditional retailer into "Friend of the Motorist, the Best Cycle Shop in Town and Starting Point for Great Getaways".
It is planning to hire another 1,000 staff under plans to invest in more fitting resources, increased marketing and a better online offer.