Halfords’ profits go into reverse as consumers put the handbrake on spending
Annual profits plunge nearly 20%Tyre and cycling markets depressedAutocentres arm continues to motorProfits at motoring-to-cycling products purveyor Halfords (HFD) went into reverse in the year to March 2024 as the ongoing cost-of-living crisis sapped consumer demand for bikes, tyres and other big ticket products.Shares in Halfords cheapened 5% to 142.8p as the Worcestershire-based retailer issued