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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. 

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