Halfords Shares Plunge After Warning on Inflation Impact
- UK retailer says soaring prices could dent discretionary sales
- Halfords shares are down by half in 2022 amid record inflation
Halfords stock dropped as much as 24%.
Photographer: Jason Alden/Bloomberg
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Halfords Group Plc shares fell the most in more than two years after the retailer of auto parts and bicycles warned of the effects of rising inflation and declining consumer confidence.
The stock dropped as much as 24%, the biggest intraday decline since March 2020, and was 16% percent lower by 9:47 a.m. in London.