Retailer to cut costs as profits down sharply

Profits at Halfords slipped by nearly one-quarter last year as it blamed the mild winter and fragile consumer confidence for its financial performance. The retailer will put "greater emphasis" on cutting costs and it hopes this will see profits immprove the year after next. The current financial year is forecast to deliver pre-tax profits around the same level as the £51m generated in the year to March 29. It is scaling back its capital investment plans for the year, down to £35m from the previously-guided range of £40m-£... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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