Rolling coverage of the latest economic and financial news
Profits have almost halved at motoring and cycling retailer Halfords.
Halfords blamed continuing declines in the markets for car tyres and for cycling equipment, as consumer demand for big ticket purchases wanes.
Encouraged as we are by our progress, we know we can go further. For one thing, we expect AI-powered technology to be the most exciting new product cycle since the tablet in 2010. With our partnerships, scale and expert colleagues to demystify AI, we’re best-placed to benefit.
Continue reading…Rolling coverage of the latest economic and financial newsProfits have almost halved at motoring and cycling retailer Halfords.Halfords blamed continuing declines in the markets for car tyres and for cycling equipment, as consumer demand for big ticket purchases wanes.Encouraged as we are by our progress, we know we can go further. For one thing, we expect AI-powered technology to be the most exciting new product cycle since the tablet in 2010. With our partnerships, scale and expert colleagues to demystify AI, we’re best-placed to benefit. Continue reading…