Halfords full year profit hits the skids

Car and leisure products retailer Halfords reported a 20 per cent drop in full year pre-tax profit and warned that retail sales in the 2013 financial year have so far been very disappointing.

Car and leisure products retailer Halfords reported a 20 per cent drop in full year pre-tax profit and warned that retail sales in the 2013 financial year have so far been very disappointing.

"In particular we have not seen the usual seasonal demand for Cycling and Outdoor Leisure products. We believe some of these sales are deferred rather than cancelled, and we expect a stronger performance from these categories as the year progresses. Autocentres continues to grow," the group said in a company statement.

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