Full Year Results 

Halfords' big profit chill

Halfords' big profit chill

Halfords Group (HFD) spent £2m on strategy consultants last year. It’s not a huge number for a company trying to work out its place in the world, but the company itself has not forecast any profit recovery in the near future. The effort to improve sales has seen Halfords boosting capital spending on Cycle Republic stores (adding three new ones), sign a distribution deal with premium folding bike firm Brompton, and pledge to be more service-focused. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now