Halfords profits slump 26% as economy and mild weather hit sales
31st May 2012
A COMBINATION of depressed market conditions and a mild winter have resulted in reduced full year revenue and profits for Midlands-based retailer Halfords.The automotive and leisure retailer has reported a 2.3% fall in full year revenue to £752.3m (2011: £769.7m) and a 26.6% drop in pre-tax profit to £92.2m (2011: £125.6m).The Redditch-based group said the current year had also begun poorly with demand well down on where it should be.“Retail sales in FY13 have been very disappointing so far. In particu......for the full story register now for free or login below...
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