Stat of the day: 6.8%

The amount by which sales at Halfords stores fell in the company's first quarter.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
It’s been a tough few months for Halfords. Just after Christmas, the car parts and bicycle specialist complained that snow had hit Christmas trading – and now, it says it’s suffering from the drop in consumer confidence. In fact, the company has issued its second profit warning this year, after sales dropped by 6.8% since January.  

It’s not the only retailer to issue a warning this morning, though: Carpetright also said tough trading conditions and weak consumer confidence mean profits will be down this year. The carpet retailer said full-year profits are likely to be similar to 2009 figures, when it made £17m, rather than its 2010 outcome of £28m. We’re noticing a pattern here…

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