The Directors believe that Halfords has a number of competitive strengths, which mean it is well-positioned to take advantage of current and future market opportunities. These strengths include:
- a balanced mix of defensive and growth markets;
- leading market positions;
- distinctive brands with national recognition and broad appeal;
- a national store portfolio which would be difficult to replicate;
- a strong track record of earnings growth and cash generation; and
- strong bargaining positions with suppliers.
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