The problem with new CEOs is that they always feel the need to make their mark on the businesses they have arrived to manage. That’s good if the business is broken and more questionable where it is not. Conceptually we find it difficult to argue with the logic of increasing the service elements of the business, upping own label participation from 50% to 60% over 3-5 years and integrating the online/offline/Retail/Autocentres businesses. But we expect this will be a tougher job than mana
28 Sep 2018
More strategising and pushing out profit recovery
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More strategising and pushing out profit recovery
Halfords Group Plc (HFD:LON) | 148 -5 (-2.3%) | Mkt Cap: 322.9m
- Published:
28 Sep 2018 -
Author:
Tony Shiret -
Pages:
6
The problem with new CEOs is that they always feel the need to make their mark on the businesses they have arrived to manage. That’s good if the business is broken and more questionable where it is not. Conceptually we find it difficult to argue with the logic of increasing the service elements of the business, upping own label participation from 50% to 60% over 3-5 years and integrating the online/offline/Retail/Autocentres businesses. But we expect this will be a tougher job than mana