Halfords chief executive steps down

City A.M. Reporter
Halfords said its chief executive David Wild is stepping down and has reported falling sales after the wet weather hit trading.

Wild is to leave the car accessories and bicycle retailer with immediate effect, and chairman Dennnis Millard will take over the role until a successor is found.

Halfords said like-for-like revenues fell 5.6 per cent in the 13 weeks to 29 June.

The retailer said the recent wet weather had hit sales.