The UK retail sector has been a cause of concern for the government with consumer spending down this year, but which retail stocks are managers backing?
Richard Hallett manager, Marlborough UK Multi-Cap Growth fund HALFORDS There is a strong medium-term restructuring and growth story at Halfords. The company has a well-established brand and many of the products it sells – bicycles, for example – are suited to a bricks and mortar retailer, because people want to physically see and touch them before they buy. Halfords is not ignoring the online market though, and also offers both pure online and click & collect shopping options. Chief executive Matt Davies, who joined from Pets at Home in October 2012, has a three-year turnaro...
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