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Latest Issue: Nov/Dec 2018

Halfords increases sales, reduces profits

Halfords has reported a 1.9 per cent increase in its sales for the six months to 28th September. Total sales were £600 million but profits had fallen by 23 per cent over the same period last year. CEO Graham Stapleton said: "Despite the challenging UK consumer environment, we delivered a robust sales and cash flow performance in the first half, with costs and profits broadly in line with our expectations. We are moving to a more customer-centric approach, leveraging our expertise to provide a more differentiated shopping experience and an integrated and more convenient services offer." 

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