Halfords showcases new retail strategy to institutional investors

THE future retail direction of car maintenance and leisure products group Halfords gets an airing today when the company showcases how its stores will look moving forward.

The Redditch-based group is hosting a site visit for institutional investors and investment-research analysts at its refreshed Evesham store.

The company said the event would focus on the Halfords Retail business and feature brief presentations from members of its management team, including Emma Fox (Commercial Director), Rob Swyer (Retail Director) and Andrew Findlay (Group Finance Director). These will cover a short update on progress within the Getting Into Gear programme, which was announced by the company in May last year.
 
The event is primarily focused on the changes that have been made in-store. Although these are still at an early stage within what is a three-year plan, the group said the changes were delivering results in line with management’s plans and investment criteria.

In a statement, the group said there was no change to guidance or management’s expectations for the potential financial implications to the business.

Matt Davies, Chief Executive, said: “Today’s event provides an update on our Getting Into Gear plan to significantly enhance the experience for our Retail customers. This strategy is based on supporting our colleagues to deliver consistent friendly expertise augmented by major improvements in store environments, plus building on the authority of our offer, infrastructure and online capabilities.

“Given the early progress made, we are encouraged by the first steps of a strategy designed to deliver sustainable revenue and profit growth over the long term.”