Help Sitemap Home Skip Navigation Contact Us Disability Statement

Redmayne Bentley Stockbrokers Logo
Sponsored by
Yorkshire’s Oldest and Award-Winning Stockbroker
Share Dealing and Investment Management Services
 
 
Thursday, 8th January 2009

Premium Article !

Your account has been frozen. For your available options click the below button.

Options

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the n/a site.

Subscribe

Registered Article !

To read this article in full you must be registered with the site.

Halfords defies consumer downturn



Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 20 November 2008
Car parts and bicycles chain Halfords today said it remained on track to meet profit targets, despite a further slowdown in sales in recent weeks.
The group reported pre-tax profits of £49.1m for the 26 weeks to September 26, an increase of 3.2 per cent on a year earlier after efforts to boost margins offset a 1.1 per cent decrease in like-for-like sales over the period.

Halfords said the period since the end of the half year had seen a further slowing in like-for-like sales, but stressed that it was still confident of delivering trading profits in line with expectations.

Car maintenance products, such as wiper blades and light bulbs, are regarded as "needs driven" and as such are relatively resilient to the consumer downturn.

Chief executive David Wild said: "Halfords' ongoing product and service developments together with continuing cost management provide the board with confidence in the delivery of full year profit before tax in line with expectations."

Halfords also announced plans to accelerate its operations in Central Europe after a successful initial pilot.



The full article contains 187 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 20 November 2008 8:36 AM
  • Source: n/a
  • Location: Yorkshire
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.