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Halfords reports decline in profit

Halfords has posted a 38.3% drop in full year profit after it invested in competitive pricing and its continued transformation. In the 52 weeks to 31 March, the motoring and cycling retailer’s underlying pre-tax profit came in at £51.5 million compared to £89.8 million in the prior year. However, revenue increased...

About 1 year ago

Kurt Geiger set for international expansion following new funding package

Premium footwear brand Kurt Geiger has secured a new funding package to refinance its existing debt and support international expansion. Owned by private equity firm Cinven, the brand has agreed a deal with Wells Fargo Capital Finance UK and Blazehill Capital. Founded in 1963, Kurt Geiger opened its first store on London’s...

About 1 year ago

Morrisons cuts prices of products

The Morrisons supermarket chain has introduced a new round of price reductions, its sixth in 2023. The cuts have been applied to 47 high-volume products, including summer favourites, cupboard fillers and fresh essentials. With Morrisons investing £26 million in the initiative, the prices have been cut by an average of over 25%...

About 1 year ago

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