Halfords launches new growth strategy as profits dip

HALFORDS, the Redditch-based retailer of motoring, cycling and leisure products, has launched a new growth strategy, Moving Up A Gear, after reporting a half year dip in profits.

The firm, which is also an operator in garage servicing and auto repair, revealed profit before tax after non-recurring items of  £46.4m in the 26 weeks to October 2, 6.3% down on the £49.6m achieved in H1 2015.

Its interim results revealed revenue had increased by 1.8% to £533.5m (H1 2015: £524.1m). Retail increased by 1.3% to £458m and ... 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...