Halfords stock price recovers 5% as the retailer plans to close 60 stores

By: Invezz
Image for Halfords shares jump

Shares of Halfords Group PLC (LON: HFD) have gained around 5% after British media outlets reported that the firm plans to close 60 stores, and not 6 as reported earlier this year. Halsford stock price has recovered a small portion of the last week’s losses. Fundamental analysis: Halfords accelerates plans for store closures The Telegraph reported yesterday that Halfords has drawn up plans to accelerate the process of store closures across the country. Accordingly, Halfords has designated 60 sites for closure, including garages and retail shops.  If true, this would mean that Halfords has increased the number of stores for

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