Sunday Observer Online
   

Home

Sunday, 10 April 2011

Untitled-1

observer
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Halfords and Carpetright cut profit estimates

Car and bike specialist Halfords cut its 2011 estimate for profits before tax to Euro 124m-Euro 127m, down from guidance of more than Euro 127m given in January.

Meanwhile, Carpetright said that profits for the financial year that ends this month would be down on a year earlier. The carpet firm blamed "tough trading conditions" and "fragile consumer confidence" in the UK. Carpetright said profits would be broadly in line with those of two years ago, implying a 25 percent fall from its 2010 results.

Marketing campaign Likewise, Halfords blamed the "tougher consumer environment" as well as "product cost pressures" for its results falling short in its trading statement.

Total group sales were up 4.6 percent for the year, but in its retail sales divisions - which exclude Halfords' car-servicing business line - they were down 5.3 percent.

Nonetheless, the company's lower profit guidance still represents an improvement on the Euro 110m it made in the previous year.

"We believe the environment will remain difficult for customers," said David Wild, Halfords chief executive.

The company said it was responding with new trading initiatives, such as a new line of premium cycles as well as spending on a new marketing campaign.

AFP

 

EMAIL |   PRINTABLE VIEW | FEEDBACK

ANCL Tender - Saddle Stitcher
www.lanka.info
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.army.lk
www.news.lk
www.defence.lk
 

| News | Editorial | Finance | Features | Political | Security | Sports | Spectrum | Montage | Impact | World | Obituaries | Junior | Magazine |

 
 

Produced by Lake House Copyright 2011 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor